Turkey on Friday called on major international oil and gas companies seeking a license to search for gas deposits off of Cyprus to withdraw their bids, saying it will not allow exploration to go ahead and threatening to ban them from Turkish energy projects. Israeli firms such as Delek Israel and Avner Oil and Gas as well [...]
Spanish oil company Repsol says it has made the first step in taking legal action against Argentina for nationalizing its energy firm YPF. In a statement Tuesday, Repsol YPF SA said it had sent a letter to Argentine President Cristina Kirchner notifying her that it sees a controversy in the seizure of YPF which should [...]
On Wednesday, US District Court Judge, Carl Barbier decided in favour of moving forward with the BP Oil Spill class action litigation in New Orleans. The proposed settlement is “fair, reasonable, adequate, entered in good faith, free of collusion, and within the range of possible judicial approval,” Barbier said after granting preliminary approval of the [...]
Libya had sought to question Muammar Gaddafi’s former oil boss in a corruption investigation before his body was found in the river Danube in Austria this week, Prosecutor General Abdelaziz Al-Hasadi told Reuters on Wednesday. He declined to discuss specifics of the probe involving Shokri Ghanem, who as head of the National Oil Corporation (NOC) [...]
Shukri Ghanem, a former Libyan prime minister and oil minister who last year announced he was abandoning Mummar Gaddafi’s regime to support the rebels who ultimately toppled the dictator, was found dead in a section of the Danube river flowing through Vienna, Austrian police said. Police spokesman Roman Hahslinger said the 69-year-old’s corpse was found [...]
Argentina has asked stock markets in New York and London to warn investors of its claim that five oil exploration companies are working illegally off the Falkland Islands, which Argentina contends were stolen by Britain more than a century ago. Foreign Minister Hector Timerman announced that he had sent letters to the directors of both [...]
Shell has blamed “cynical games played by lawyers” and legal process for holding up the payment of compensation resulting from its admittance of responsibility over two oil spills in Nigeria in the last decade. The Anglo-Dutch supermajor has also hinted that its clean-up efforts following the 2008 and 2009 spills in Ogoniland’s Bodo community [...]
A China Marine Surveillance (CMS) patrol team recently finished its third mission targeted at the illegal exploration of oil and gas in the South China Sea, a maritime official said Monday. The team included the Haijian 83 and Haijian 75 patrol ships from the South Sea fleet of the China Maritime Surveillance Force in the [...]
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