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Page 30 - ப்ரொடக்ஶந் பகிர்வு ஒப்பந்த News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shell Egypt signs new production sharing contract with the Ministry of Petroleum and Mineral resources in the Red sea

Foreign forces colluding with Nigerians to frustrate passage of PIB – Lawan laments

By Musa Adamu President of the Senate, Ahmad Lawan, has said that there are forces within and outside the country working desperately to frustrate the consideration and passage of the Petroleum Industry Bill presently before the National Assembly. Lawan made this known in a speech delivered when members of the Senate Press Corps paid him a visit to mark the occasion of his 62nd birthday celebration in Abuja. “The PIB is like a demon. That PIB thing, there are people both inside and outside the country, who would work against it, but it is going to take the strength of our patriotism to pass it,” he said.

Lawan alleges forces working to frustrate PIB

Punch Newspapers Sections Sunday Aborisade, Abuja President of the Senate, Ahmad Lawan, on Tuesday alleged that there were forces within and outside the country working to frustrate the consideration and passage of the Petroleum Industry Bill. Lawan spoke to journalists in Abuja. He said, “The PIB is like a demon. That PIB thing, there are people both inside and outside the country, who would work against it, but it is going to take the strength of our patriotism to pass it,” he said. According to the Senate President, it took the firm resolve of the National Assembly to pass the Deep Offshore and Inland Basin Production Sharing Contract Bill in 2019.

Petronas Carigali takes over operatorship of E11 gas hub, offshore Sarawak

Petronas Carigali takes over operatorship of E11 gas hub, offshore Sarawak 07 Jan 2021 / 16:08 H. KUALA LUMPUR: Petronas’ subsidiary, Petronas Carigali Sdn Bhd (PCSB), has taken over the operatorship of the E11 gas hub, located 130km offshore Bintulu, Sarawak, effective Jan 1, 2021. The E11 hub, which has been producing since 1982 under the Malaysia Liquefied Natural Gas (MLNG) Production Sharing Contract, had been operated by Sarawak Shell Bhd (SSB) for the past 38 years. Petronas’ vice-president of Malaysia Assets Bacho Pilong said this marked a significant milestone for PCSB as the operator of the E11 hub, which is pivotal in ensuring reliable, stable and cleaner energy supply to the market while continuing to develop Sarawak as a regional gas hub.

Dispute Resolution And Arbitration Monthly Update | December 2020 - Litigation, Mediation & Arbitration

Govt of India v. Vedanta Ltd & Ors Civil Appeal No. 3185 OF 2020 (Arising out of SLP (Civil) No.7172 of 2020 Background facts On October 28, 1994, a Production Sharing Contract (PSC) was executed between the parties and Oil and Natural Gas Corp Ltd (ONGC) for development of Ravva Oil and Gas Field (Ravva Field). Subsequently, disputes arose between parties with respect to recovery of development costs, which were referred to arbitration seated in Malaysia. On January 18, 2011, Arbitral Tribunal in Malaysia passed an Award (Award) whereby the Govt of India (GoI) was directed to pay an amount of USD 278.87 million to Vedanta. Pursuant to the same, in April 2011, Vedanta made certain

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