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Issue 682 07•August•2019 Week 31
Unexpected interest
Cairn Energy, which is currently locked in arbitration with the Indian government, is interested in returning to explore the country’s basins.
IOC’s profit squeeze
State-run Indian Oil Corp. (IOC) has seen its net pro t in April-June shrink by almost half year on year.
Barakah heads to court
Malaysian service provider Barakah O shore Petroleum is suing state-owned Petronas over the suspension of wholly owned PBJV’s operating licence.
Kupe’s decline
New Zealand’s Kupe gas eld has started to decline and will continue doing so until a still-to-be approved compression project is brought online.
