30.06.2018 The ad hoc Arbitral Tribunal in Stockholm ruled in the partial award that the contractual condition for PGNiG to demand a revision of the price of gas supplied to Poland under the Yamal Contract had been met. The Arbitral Tribunal granted PGNiG’s claim and ruled in its partial award that the contractual condition for PGNiG to demand a reduction
Continue reading30th June, 2018 The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the speculations that oil has been found in commercial quantity in the Bida Basin should be discountenanced, stressing that the search for oil in the basin is still ongoing. Dr. Baru made this submission while delivering his acceptance speech during his
Continue reading30-June-2018 Qatar Petroleum President & CEO Mr. Saad Sherida Al-Kaabi met in Washington with U.S. Secretary of Energy Mr. Rick Perry. Discussions during the meeting centred on various aspects of bilateral energy cooperation between the United States of America and the State of Qatar, particularly in the LNG industry. Mr. Al-Kaabi and the accompanying delegation also held talks with the
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