Oil Disputes
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Saudi, Kuwait Claim "Full Sovereign Rights" To Iran Disputed Oil Field
Iran and Kuwait have held unsuccessful talks for many years over their disputed,rich in natural gas, maritime border area.Recent attempts to revive negotiations have failed, Iran's oil minister said Tehran may pursue work on field without permission.
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Assam, Nagaland Agree To Go Ahead With Oil Exploration Along State Border
Assam and Nagaland Chief Ministers Himanta Biswa Sarma and Neiphiu Rio have agreed in principle to go ahead with oil exploration in areas along their disputed boundary for the economic benefit of both states.
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Thousands Of Protesters March In Paris Over Soaring Prices
Thousands of people took to the streets of Paris on Sunday to protest against soaring prices as weeks of strikes for higher wages at oil refineries spurred demands for a general strike.
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Centre Loses $111 Million Gas Field Appeal Against Reliance, Shell
The government has lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields.
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Expecting $1.06 Billion Payment From India Within Weeks, Says Cairn CEO
Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.
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No Proposal Received From Cairn To Resolve Tax Dispute, Says Government
Cairn Energy Arbitration: Centre has said it has not received any formal proposal from British oil major to resolve the tax dispute.
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Iran Releases Seized South Korean Tanker: Seoul Foreign Ministry
Iran on Friday released a South Korean-flagged tanker it seized amid a dispute over billions in frozen oil funds, and the vessel's captain, the foreign ministry in Seoul said.
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US Crude Climbs After White House Comments On Saudi-Russia Dispute
US crude oil prices edged up as President Trump hinted that he may intervene in price war between Saudi Arabia and Russia at "appropriate time".
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Iranian Tanker Photographed Off Syrian Port Tartus: US Satellite Firm
The Iranian oil tanker Adrian Darya 1 at the centre of a dispute between Tehran and Western powers, which went dark off Syria earlier in the week, has been photographed by satellite off the Syrian port of Tartus, Maxar Technologies Inc., a U.S. space technology company said on Saturday.
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Iran Oil Tanker Departs After Gibraltar Rejects US Demand
The Iranian oil tanker at the centre of a diplomatic dispute has departed from Gibraltar after the British overseas territory rejected a US demand to seize the vessel.
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Vietnam, China Embroiled In South China Sea Standoff
Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two Washington-based think-tanks said on Wednesday.
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Crude Oil Price Falls On China Economic Data, Output Cuts Support
China, the world's No.2 economy, on Friday reported some of its slowest growth in retail sales and industrial output in years, highlighting the risks of the country's trade dispute with the United States.
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As Trade Spat Intensifies, Chinese Company Suspends US Crude Oil Imports
China's Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation said on Friday.
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India, Vietnam Can Boost Cooperation In Oil And Gas Sector: VK Singh
There is scope for India and Vietnam to deepen cooperation in the oil and gas sector despite "all the troubles" the Southeast Asian country faces, Minister of State for External Affairs VK Singh said today, in an oblique reference to Vietnam's disputes with China.
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China Objects To Vietnam's Call For Indian Investment In South China Sea
China today objected to Vietnam's invitation to India to invest in oil and natural gas sector in the disputed South China Sea, saying it is firmly opposed to infringement of its rights using development of bilateral ties as an "excuse".
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Saudi, Kuwait Claim "Full Sovereign Rights" To Iran Disputed Oil Field
Iran and Kuwait have held unsuccessful talks for many years over their disputed,rich in natural gas, maritime border area.Recent attempts to revive negotiations have failed, Iran's oil minister said Tehran may pursue work on field without permission.
-
Assam, Nagaland Agree To Go Ahead With Oil Exploration Along State Border
Assam and Nagaland Chief Ministers Himanta Biswa Sarma and Neiphiu Rio have agreed in principle to go ahead with oil exploration in areas along their disputed boundary for the economic benefit of both states.
-
Thousands Of Protesters March In Paris Over Soaring Prices
Thousands of people took to the streets of Paris on Sunday to protest against soaring prices as weeks of strikes for higher wages at oil refineries spurred demands for a general strike.
-
Centre Loses $111 Million Gas Field Appeal Against Reliance, Shell
The government has lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields.
-
Expecting $1.06 Billion Payment From India Within Weeks, Says Cairn CEO
Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.
-
No Proposal Received From Cairn To Resolve Tax Dispute, Says Government
Cairn Energy Arbitration: Centre has said it has not received any formal proposal from British oil major to resolve the tax dispute.
-
Iran Releases Seized South Korean Tanker: Seoul Foreign Ministry
Iran on Friday released a South Korean-flagged tanker it seized amid a dispute over billions in frozen oil funds, and the vessel's captain, the foreign ministry in Seoul said.
-
US Crude Climbs After White House Comments On Saudi-Russia Dispute
US crude oil prices edged up as President Trump hinted that he may intervene in price war between Saudi Arabia and Russia at "appropriate time".
-
Iranian Tanker Photographed Off Syrian Port Tartus: US Satellite Firm
The Iranian oil tanker Adrian Darya 1 at the centre of a dispute between Tehran and Western powers, which went dark off Syria earlier in the week, has been photographed by satellite off the Syrian port of Tartus, Maxar Technologies Inc., a U.S. space technology company said on Saturday.
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Iran Oil Tanker Departs After Gibraltar Rejects US Demand
The Iranian oil tanker at the centre of a diplomatic dispute has departed from Gibraltar after the British overseas territory rejected a US demand to seize the vessel.
-
Vietnam, China Embroiled In South China Sea Standoff
Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two Washington-based think-tanks said on Wednesday.
-
Crude Oil Price Falls On China Economic Data, Output Cuts Support
China, the world's No.2 economy, on Friday reported some of its slowest growth in retail sales and industrial output in years, highlighting the risks of the country's trade dispute with the United States.
-
As Trade Spat Intensifies, Chinese Company Suspends US Crude Oil Imports
China's Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation said on Friday.
-
India, Vietnam Can Boost Cooperation In Oil And Gas Sector: VK Singh
There is scope for India and Vietnam to deepen cooperation in the oil and gas sector despite "all the troubles" the Southeast Asian country faces, Minister of State for External Affairs VK Singh said today, in an oblique reference to Vietnam's disputes with China.
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China Objects To Vietnam's Call For Indian Investment In South China Sea
China today objected to Vietnam's invitation to India to invest in oil and natural gas sector in the disputed South China Sea, saying it is firmly opposed to infringement of its rights using development of bilateral ties as an "excuse".
