Falkland Islands
LONDON - The energy exploration company probing for oil north of the disputed Falkland Islands said Monday that the reservoir it was trying to exploit was of low quality - an announcement that quickly led to a drop in the company's share price.
PLAYA DE CARMEN, Mexico - Latin American and Caribbean nations backed Argentina's claim of sovereignty to the Falkland Islands on Monday in a growing dispute with Britain over plans to drill for oil off the islands in the Atlantic.
LONDON - A British oil exploration company said Monday it began drilling near the Falkland Islands, a development that could worsen tensions between Britain and Argentina, which fought a war over the disputed islands nearly three decades ago.
BUENOS AIRES, Argentina - Argentina has ruled out military action to reassert its sovereignty claims over the Falkland Islands, but insists on negotiations with Britain over oil exploration in what Argentina considers to be its territorial waters, a top diplomat said Friday.
LONDON - Argentina's demand for direct control of shipping from the South American mainland to the Falkland Islands has raised fears about conflict over energy resources in the south Atlantic.
