-largest oil consumer. Elsewhere, Iran`s supreme leader, Ayatollah Ali Khamenei, refused to discuss his country’s nuclear program with U.S. Vice President Joe Biden. In Nigeria, Exxon Mobil, the largest U.S. oil company declared force majeure on Qua Iboe crude oil exports due to pipeline maintenance. Nigeria
11.27 AM Feb 8th 2013
no production at the time of tender so that was based on a future supply. The extreme would be a price difference between US$ 4.24 per mmscmd and US$ 2.34 per mmscmd for 12 mmscmd of gas for 13 years FORCE MAJEURE. Here once again there is a question whether gas should be calculated at US$ 2.34 per mmscmd
10.55 PM Dec 6th 2012
be taken against the company IF the PSC itself has nothing to say about it. The PSC does say that RIL should do its utmost to achieve production of 80 mmscmd FORCE MAJEURE and IF feasible. RIL has been in CONSTANT communication with Oil Ministry and DGHC since 2010 so has RIL not done its utmost? So you
1.14 PM Nov 3rd 2012
It for sure does not include a performance audit since the PSC has NO linkage to production barring achieving 80 mmscmd before April 2014 FORCE MAJEURE. Even the contracts signed are FORCE MAJEURE. In fact there have been allegations of gold plating for which a FINANCIAL audit is enough and may go
11.29 AM Oct 29th 2012
Source:The Hindu BusinessLine - October 17, 2012: The Indian Railways Act 1890 does not allow the Railways to save its skin and take shelter under the omnibus force majeure clause because to do so it must prove that it had taken all steps which a prudent bailee would take in similar circumstances
11.04 AM Oct 18th 2012
exploration. Mining major BHP Billiton said in its annual report that off-shore Indian exploration has been hit due to delays in getting permits from the defence ministry. BHP Billiton, which operates 10 offshore blocks, and its local partner have claimed force majeure as a result of these delays.
9.11 PM Oct 14th 2012
landed in this " force majeure". Unfortunately, every other regional political parties who were thinking of becoming a Mamta in the next General elections are neither able to give a pat to the govt nor leave the govt leading to elections so soon. How do you think sir, is the most possible recipe
11.04 AM Sep 19th 2012
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