Gideon Tadmor

Britain has approved the massive Sea Lion oil field development near the Falkland Islands, backing Israeli energy firm Navitas Petroleum despite objections from Argentina.

Navitas Petroleum concluded the first half of 2026 with a sharp rise in activity following the launch of the Shenandoah project. The partnership recorded revenues of 517.2 million dollars and a net profit of 80.4 million dollars.