Work Area: Oil and gas

A Luxembourg company has applied to revive a US$763 million ICDR claim against US oil field services group Baker Hughes over a project to build a pair of small-scale liquefied natural gas plants in Nigeria.

26 February 2021

A Swiss court has upheld an ICC award requiring the National Iranian Gas Company to pay over €1.5 billion to a Turkmen state entity, dismissing arguments that US sanctions make payment impossible.

25 February 2021

The ITA-IEL-ICC joint conference on international energy arbitration considered the future of the energy industry and the challenges the industry faces during the covid-19 pandemic. Maria Slobodchikova of Freshfields Bruckhaus Deringer in New York reports.

24 February 2021

The US Supreme Court yesterday refused to hear Petrobras’s appeal against the confirmation of an ICDR award that required it to pay an offshore drilling company for terminating a contract allegedly procured through bribery.

23 February 2021

A Swedish energy company has warned it will proceed with an ICSID claim against Ukraine over a gas royalty hike that led to the collapse of a controversial joint venture – after settling a related SCC case.

17 February 2021

The Supreme Court of Luxembourg has overturned the enforcement of a US$543 million Energy Charter Treaty award won by Moldovan investors Anatolie and Gabriel Stati against Kazakhstan, ruling that a lower court had violated due process when it refused to admit evidence of the state's fresh fraud allegations.

16 February 2021

Shell has lodged an ICSID claim against Nigeria over an oil mining joint venture in the Niger Delta that has led to multiple lawsuits based on allegations of environmental contamination.

11 February 2021

A tribunal at the Permanent Court of Arbitration has ordered a US oil investor to reveal the third-party funder backing his US$97 million investment treaty claim against Peru – but said he was not required to disclose details of the funding agreement.

11 February 2021

A Korean energy company has threatened Peru with a treaty claim, accusing the state of blocking the billion-dollar sale of its gas investments in the Amazon basin.

08 February 2021

Azerbaijan’s national oil company has won damages in a third arbitration against a Turkish shipping group and its founder, bringing its total compensation in the cases to over US$240 million – after again defeating allegations that the parties had verbally agreed to form a joint venture.

05 February 2021