Scottish Power issued proceedings against the Sellers claiming, inter alia, that during the shut-in period, the Sellers were in breach of their obligation under Article 7 to act as an RPO. Scottish Power’s case was that in deciding to shut-in the Andrew Field to carry out the works, the Sellers did not comply with the RPO standard because, in so doing, they were not seeking to perform their contractual obligations to deliver natural gas to Scottish Power but were taking a deliberate decision not to do so. … [Read more...] about What Constitutes Reasonable and Prudent Operator?
In the Commercial Court proceedings, begun on 4 March 2013, Monde claimed that its signature to the Termination Agreement was procured by misrepresentations made on behalf of WZL by Bafel. Specifically, Monde asserted that Bafel represented to Mr Al-Fekaiki in the course of a series of telephone conversations that, if Monde agreed to sign the Termination Agreement, WZL would not merely pay the fees for which Monde had invoiced WZL, but would also enter into a new agreement under which Monde would be given the chance to share in the profits arising from WZL's oil exploration and production in Kurdistan. Monde asserted that it relied upon these representations, which were false, and signed the Termination Agreement. … [Read more...] about Negotiating Production Sharing Contracts in the UK – The Dangers of Using Intermediaries
Lucy Hume (The Lovett Highly Commended For Performance In The Final Assessment Prize And The John And Pamela Salter Charitable Trust Prize) … [Read more...] about Hundreds of UEA students honoured in today’s graduation ceremonies
We pay for your stories! Do you have a story for The Sun Online news team? Email us at [email protected] or call 0207 782 4368 . You can WhatsApp us on 07810 791 502. We pay for videos too. Click here to upload yours. … [Read more...] about UK weather – Spectacular photo captures London’s Shard struck by lightning as 50,000 bolts batter UK in wild storm
Mrs Foster said: "We believe there's a role for facilitation but we also believe the British must not subcontract their role, because of course under the Belfast agreement until the people of Northern Ireland decided otherwise, the United Kingdom government is in charge of Northern Ireland." … [Read more...] about The British government must not ‘subcontract’ powersharing talks role says Arlene Foster