Several Gulf nations have declared force majeure on oil and gas shipment since the US-Israel’s war on Iran was launched.
Qatar halted production of liquefied natural gas after Iranian missile and drone strikes targeted Gulf energy infrastructure.
The new war in the Middle East has given fresh relevance to the legal term “force majeure.” It’s a clause that can be found ...
Middle East conflict triggers force majeure declarations from Gulf energy producers like Qatar, Bahrain and Kuwait. Attacks and shipping disruptions in the Strait of Hormuz have halted oil and gas ...
These developments are beginning to create contractual pressure across sectors beyond energy, including large engineering, procurement and construction projects that rely on cross-border supply chains ...
The move comes after Qatar, the world’s second-largest LNG exporter, halted production at a major 77-million-ton-per-year LNG facility and ...
As tensions in West Asia disrupt oil and LNG flows through the Strait of Hormuz, Indian energy firms are invoking force majeure clauses to suspend contractual obligations amid rising maritime risks ...
The Bahrain Petroleum Company (BAPCO) on Monday officially declared force majeure on its petroleum shipments after an Iranian ...
Shell (LSE:SHEL) and TotalEnergies have declared force majeure on LNG shipments from Qatar. Operations at the Ras Laffan LNG plant were halted following a drone attack. The disruption affects LNG ...
Marshall Hargrave is a stock analyst and writer with 10+ years of experience covering stocks and markets, as well as analyzing and valuing companies. Khadija Khartit is a strategy, investment, and ...
We are starting to hear reports of businesses declaring the Trump Administration's Executive Order on tariffs to be a force majeure event under their contracts. Most of us now have rather more ...