Work Area: Oil and gas
Shell sees off award challenge in Nigerian loan dispute
A London court has upheld a pair of awards against a Nigerian oil and gas producer in an ICC dispute over loans worth US$2 billion, ruling that a Shell subsidiary had not waived its unilateral option to bring an arbitration.
23 November 2022
Canada defeats NAFTA claim over fracking ban
A divided NAFTA tribunal has rejected a US oil and gas company’s US$250 million claim against Canada over a revoked fracking permit – after a nine-year proceeding delayed by the death of an arbitrator.
22 November 2022
ECT parties delay vote on treaty reform
Contracting parties to the Energy Charter Treaty have delayed a vote that was due to take place today on whether to adopt a modernised version of the controversial treaty – after EU member states failed to agree on whether to support the reforms.
22 November 2022
Kosovo defeats ICC claim over microfinance licence
Kosovo says it has defeated a €30 million ICC claim brought by an Estonian fintech company over a revoked microfinance licence.
21 November 2022
Occidental wins damages over Venezuelan dividends
An UNCITRAL tribunal has ordered Venezuela to pay US$105 million to a Barbadian subsidiary of Occidental Petroleum after finding the state liable for discriminatory conduct in its payment of dividends from an oil and gas venture.
18 November 2022
Luxembourg at ECT exit door
Luxembourg has decided to withdraw from the Energy Charter Treaty – becoming the seventh European state to make similar moves in recent weeks.
18 November 2022
Gazprom sheds light on dispute with Finnish gas buyer
Gazprom has provided more details about an award issued in an arbitration with a Finnish state-owned gas importer, saying the tribunal ruled the Russian company is owed over €300 million and was entitled to cut off supplies owing to force majeure.
17 November 2022
Germany latest to quit ECT
Germany’s ruling coalition has decided to withdraw the country from the Energy Charter Treaty, while saying it will ratify the EU-Canada trade agreement known as CETA.
11 November 2022
PDVSA may face multibillion claim over joint venture
UPDATED: Executives at a Dutch company say they are considering potential arbitration claims worth billions of dollars against PDVSA after the Venezuelan state entity expropriated their interest in a joint venture.
08 November 2022
Will Exxon bring a claim against Russia?
ExxonMobil says it is reserving its right to pursue arbitration against Russia over the “expropriation” of its interest in a multibillion-dollar oil and gas project.
02 November 2022