Falkands Oil work faces delay as Argentina threatens drillers

Oil explorers in the Falklands have been forced to delay drilling work due to falling petroleum prices as a diplomatic spat between Argentina and the UK over drilling around the islands intensifies.

YPF, Chevron sign Argentina shale pact

BUENOS AIRES, Argentina (AP) — Argentina's cash-strapped state energy company signed a partnership deal Wednesday with Chevron Corp. for a "massive development" of the South American country's vast nonconventional oil and gas resources.

Argentina to 'immediately launch' criminal proceedings against UK oil firms operating off Falklands Islands

The UK Government said it would support the country's oil companies operating around the Falkland Islands after Argentina announced it is taking steps to sue five British firms.