Apr 24: In the oil & gas industry, when it comes to a fight, either with a fellow JV partner or the government, a foreign company has a distinct disadvantage.
8Cairn Energy Plc found its shares in Cairn India were sold by the Indian government well before an international arbitration could declare an award over the dispute. Similar battles were fought and lost by other foreign companies as well. The trend contributes to the growing disenchantment and disinterest by foreign companies in India's E&P sector.
8Oilex has been fighting a battle with GSPC over cash calls in the Cambay PSC
8But the company is now facing a criminal case of an entirely different kind
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