SLB Declines Falklands Projects, Citing Argentine Decree

SLB, the world's largest oil services firm, announced it will not participate in Falklands projects, invoking an Argentine decree that toughens penalties for unauthorized exploitation. The move signals corporate alignment with Argentine sovereignty claims and could deter other international firms from engaging in Falklands oil development. SLB maintains key contracts with YPF and Vista in Vaca Muerta, indicating a strategic prioritization of Argentine onshore business.