AGP Executive Report
Last update: 5 hours agoFalklands-linked energy boost: Navitas is pushing ahead with Sea Lion in the North Falkland Basin, moving to buy a second FPSO (OSX-1) that could add about 125,000 barrels a day and accelerate later phases, with the Falklands Government set to take a 9% royalty and 26% corporation tax. Local environment row: A major salmon farming proposal in the Islands is sparking mounting opposition, with residents calling for a referendum over jobs and investment versus risks to kelp, squid spawning, sea lions and penguins. South Atlantic sovereignty flare-up: Chile is preparing a formal protest to Argentina after an Argentine air force chief linked the Strait of Magellan to sovereignty and urged a stronger presence, while also saying the Falklands dispute is “already overcome.” Ushuaia port standoff: Argentina’s Tierra del Fuego condemned the docking of the British-flagged tanker VS Promise in Ushuaia, arguing it violates provincial law and highlights tensions around the Malvinas. War-era aircraft retired: Argentina has finally abandoned efforts to restore its Super Étendard jets and is permanently retiring the fleet by end-2026, ending a long, Falklands-linked saga.
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