Indonesia revokes Exxon gas deal »

Posted by: Mintyfunk 2 years ago

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Indonesia has revoked a contract with US energy giant ExxonMobil to develop the Natuna offshore gas field

Mintyfunk

I love pop culture and politics, the former offsets the stress created by the latter.

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PaganGodess
Oct. 11, 2006, 3:25 p.m.
This is becoming an epidemic! Companies and counries "slitting their own wrists" so to speak. Did IQ's in the world drop sharply this week or WHAT?
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stephen-johnson
Oct. 11, 2006, 5:22 p.m.
"Although Indonesia is one of Asia's largest producers of natural gas and oil, production has declined in recent years because of a lack of investment in developing new fields."
Gee, I wonder why?
"Indonesia has revoked a contract with US energy giant ExxonMobil to develop the Natuna offshore gas field."
Oh, of course!
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undacovabudda
Oct. 11, 2006, 8:18 p.m.
Did anyone notice that 2 weeks ago Russia did the same thing?
MOSCOW, Sept 22 (Reuters) - Russia said on Friday it would snub claims by Exxon Mobil for a small field located near the U.S. oil major's giant Sakhalin-1 project, as it will grant it to its state oil firm Rosneft.
http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-09-22T083005Z_01_L22769857_RTRIDST_0_ENERGY-RUSSIA-EXXON-UPDATE-1.XML&rpc=66&type=qcna