Guardian report.

Oil firm Rockhopper Exploration has raised £48.5m from the stock market to fund its drilling operations off the Falklands Islands.

[...]

However, the Argentinian government remains opposed to the drilling. Twenty eight years after the Falklands War, it still hopes that Britain's hold on the islands can be loosened. Later today the Organization of American States (OAS) will debate "the colonial situation of the Malvinas, South Georgia and South Sandwich Islands and adjoining maritime spaces".

BBC report.

Shares in Desire Petroleum have almost halved after the oil explorer said a well being drilled off the Falkland Islands may not be economically viable.

Telegraph report.

Jorge Taiana, Argentina's foreign minister, will travel to New York on Wednsday to demand secretary general Ban Ki-moon's intervention to kick-start negotiations with Britain over the ownership of the South Atlantic islands.

The Argentine position was buoyed by the unanimous backing of a 32-country group of Latin American and Caribbean nations including Brazil, Mexico and Colombia.

The group also included 12 Commonwealth nations and is almost entirely composed of non-White former Spanish and British colonies.

Times report.

Washington refused to endorse British claims to sovereignty over the Falkland Islands yesterday as the diplomatic row over oil drilling in the South Atlantic intensified in London, Buenos Aires and at the UN.

Despite Britain's close alliance with the US, the Obama Administration is determined not to be drawn into the issue. It has also declined to back Britain's claim that oil exploration near the islands is sanctioned by international law, saying that the dispute is strictly a bilateral issue.

BBC report.

Latin American and Caribbean leaders have backed Argentina's claim over the Falklands, Argentine President Cristina Fernandez de Kirchner has said.

At a regional summit in Cancun, Mexico, a document has reportedly been drafted giving Argentina unanimous support.

It comes a day after a British oil rig began drilling for oil off the islands, a move Argentina formally objected to.

BBC report.

Drilling off the coast of the Falkland Islands will begin next week despite strong opposition from Argentina, the UK territory's government has insisted.

Argentina has said it will widen restrictions on ships heading to the islands to cover all of South America.

Guardian report.

Britain and the Falkland Islands today brushed off Argentinian moves to impede oil and gas exploration in British-controlled waters in the south Atlantic, saying there was no threat to shipping.

The Foreign Office and Falkland authorities said drilling for hydrocarbon deposits would go ahead without disruption despite an Argentinian effort to control traffic between its ports and the islands.

Telegraph report.

HMS York, a type 42-destroyer, was on a "tight leash" patrolling the seas around the islands in response to rising tensions over British firms oil explorations activities near the Falklands. Argentina has demanded a halt to "illegal" oil drilling around the Falkands and on Wednesday imposed a permit system on ships passed from its ports to the island.