Work Area: Oil and gas

A Turkish state-owned energy company has failed to set aside an award favouring Gazprom’s exports arm in a gas price review arbitration at the Stockholm Chamber of Commerce – as challenges to awards in similar cases continue in the Swedish courts.

10 June 2021

India has challenged a partial award permitting Reliance and a Royal Dutch Shell subsidiary to recover further development costs for an offshore oilfield - in a US$5 billion arbitration that has lasted more than a decade

08 June 2021

Perth-based energy company Star Phoenix has instructed counsel for a prospective LCIA claim against a Chinese purchaser over the sale of oil blocks in Trinidad and Tobago.

04 June 2021

A US court has refused to grant Ukraine a stay of enforcement on a US$173 million treaty award held by Russian oil and gas producer Tatneft, dismissing an argument that information sought in a related discovery proceeding could facilitate “Russian aggression.”

02 June 2021

UPDATED: An ICSID committee has largely upheld Bahamian oil company Perenco’s US$449 million award against Ecuador – reducing the damages by US$36 million after annulling certain findings on quantum.

01 June 2021

A group of US oil and gas investors have filed an ICSID claim against Mexico over their investments in the country’s upstream hydrocarbons sector.

13 May 2021

US energy services group Baker Hughes has settled a €142 million dispute over alleged equipment defects at a complex of gas storage caverns in Germany – which gave rise to two DIS arbitrations, a lawsuit in Houston and a discovery bid in Delaware.

06 May 2021

A UK energy company has filed an ICSID claim against the Republic of the Congo over the expropriation of its interest in an oil block – seeking at least US$450 million in damages.

05 May 2021

A Chinese-owned oil company has applied to enforce an award worth more than US$540 million against Occidental Petroleum, representing its share of an ICSID settlement paid by the Ecuadorean government six years ago.

04 May 2021

Repsol has for a second time been held liable in a US$5.5 billion SIAC claim lodged by China’s Sinopec group over the purchase of a stake in a North Sea oil venture, although several other claims were dismissed in the latest partial award.

29 April 2021