Work Area: Oil and gas
South African oil company gets default judgment against Congo
A South African oil company has obtained a default judgment from a US court enforcing a US$619 million ICC award against the Democratic Republic of the Congo over contracts for four petroleum blocks.
16 September 2021
Mexico threatened with treaty claim over oilfield
A Houston energy company has threatened Mexico with a treaty claim after the country’s national petroleum company, Pemex, was designated as the operator of an offshore oilfield.
06 September 2021
Shell to shell out in Nigerian oil spill dispute
Royal Dutch Shell has agreed to pay US$112 million to Nigeria in compensation for oil spills in the Niger Delta over 50 years ago – as an ICSID case that reportedly relates to the same environmental liabilities remains pending.
18 August 2021
Mega-award against Chevron blocked again in US
The heirs of a Saudi official have once again failed to enforce an US$18 billion award against Chevron in the United States, as their counsel face the prospect of court sanctions for allegedly relying on a “fabricated” news article.
17 August 2021
BP defeats claim over tax liabilities
An AAA tribunal has dismissed a US$55 million claim against BP by subsidiaries of a Bermudan deepwater drilling contractor over tax liabilities.
06 August 2021
Statis threaten fresh claim against Kazakhstan
UPDATED: Moldovan investors Anatolie and Gabriel Stati have threatened Kazakhstan with a fresh Energy Charter Treaty claim over its refusal to pay an earlier US$545 million award, which the state alleges was obtained through fraud.
05 August 2021
Exxon brings claim against Iraqi state entity over oilfield sale
ExxonMobil has filed an ICC claim against an Iraqi state-owned oil company over a stalled attempt to sell a stake in a US$50 billion oilfield.
02 August 2021
Ecuador in “full default” as stay on Perenco award is lifted
Bahamian oil company Perenco says Ecuador has defaulted on an undertaking to pay a US$391 million ICSID award, as a US court lifts a stay on its enforcement.
29 July 2021
Dana Gas declares quick win in dispute over Egyptian sale
Emirati energy company Dana Gas says it has defeated an LCIA claim brought by a US energy group over the aborted sale of Egyptian assets, less than three months after it was filed.
29 July 2021
“Grand corruption”: Dutch panel rules against dos Santos
UPDATED WITH AWARD: A Dutch-seated tribunal has ordered an entity owned by billionaire Isabel dos Santos to return shares worth over €650 million to Angola’s national oil and gas company, ruling they were acquired illegally.
27 July 2021
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