The question in the mind of every enterprise engaged in long term Oil & Gas industry contracts, “Is Covid-19 Pandemic a Force Majeure Event?” Who decides it and whether it is provided in the contract? Contracts are considered as the sole governing mechanism or agreed legal authority for governing relationships between the parties, under [...]
Covid-19 has resurfaced unexploited opportunities for OSBs to demonstrate their agility and ability. Two-third of the planet earth is sea and 90% of the global trade and commerce is through Shipping and Maritime industry. The shipping industry is one of the few survivors from the past events of centuries and most experienced in dealing [...]
Oil is the core resource for meeting our energy needs and is likely to remain the most significant part for the rest of the century, despite growth of alternative sources of energy. Economists are not likely to deviate from the fundamental principle of balancing supply and demand equation to get market prices. The factors [...]
