Oman

Trinidad court recognizes ConocoPhillips' $1.3 bln claim versus Venezuela

A Trinidad and Tobago court order has approved ConocoPhillips the right to impose a $1.33. billion claim against Venezuela for previous expropriations, a. decision that might complicate proposed offshore gas endeavors. between Trinidad and Venezuela. The choice on Wednesday offered the U.S. oil company the. right to seize any settlement to Venezuela from joint gas. tasks with Trinidad. The countries and energy companies NGC,. Shell and BP are seeking to develop significant. offshore gas fields. Since winning arbitration awards against Venezuela and its. state oil business PDVSA, Conoco has actually looked for to enforce the. judgments in different courts, consisting

Oil & Gas Drilling

BP, Trinidad's NGC get US license for gas development with Venezuela

Major Gulf bourses silenced in early trade; U.S. inflation eyed

Major stock markets in the Gulf were suppressed in early trading on Tuesday in the middle of unpredictable oil prices, while investors looked forward to inflation data later this week for ideas on the course of U.S. rates of interest cuts. Oil prices, a driver for the Gulf's monetary markets, swept in between gains and losses as markets waited for an OPEC+. meeting on June 2. Brent edged as much as $83.18 a barrel by. 0800 GMT. The Federal Reserve's preferred step of inflation, core. individual intake expenses, due on Friday, will be. closely watched by investors for hints on

Oil & Gas Exploration

Insurance companies deny Chevron's $57 million claim for Iran oil seizure

India set to sign trade handle Oman to broaden its Middle East ties

India and Oman will sign a trade handle the coming months, two Indian federal government authorities stated, as New Delhi seeks to broaden its incorporate the Middle East, where increasing stress are putting major shipping routes at risk. It will help India with a tactical partner and access to key trade routes in an unstable area, one official informed . India and Oman have yearly trade of less than $13 billion, but the relationship is necessary for New Delhi as the Gulf country is an entrance to the narrow Strait of Hormuz between Oman and Iran, a major transit point

Mineral Resources

UAE and Oman indication deals worth $35 bln on state see

Emirati and Omani companies have actually signed offers worth 129 billion dirhams ($ 35.12 billion) in sectors including energy and transportation during the Omani ruler's. see to the United Arab Emirates this week. The UAE financial investment ministry announced the deals on Tuesday,. a day after Oman's Sultan Haitham bin Tariq showed up for a. two-day state visit and consulted with UAE President Sheikh Mohammed. bin Zayed Al Nahyan. The contracts were dominated by a 117 billion dirham. commercial and energy megaproject organizing wind, solar. projects and green metals production. Abu Dhabi National Energy Co. (TAQA), Abu Dhabi Future. Energy

Oman LNG indications supply deal with TotalEnergies