Work Area: Oil and gas

Timor Sea oil block dispute settles

An Asian-Australian consortium has settled a US$45 million ICC dispute with an East Timor government authority over a petroleum block in the Timor Sea.

07 August 2020

Shell faces challenge to Malaysian oil platform award

A Malaysian state-owned shipping company has applied to set aside an award worth over US$340 million won by a Shell subsidiary at the Asian International Arbitration Centre in a dispute over one of the country’s largest offshore oil fields.

22 July 2020

SIAC to hear claim over Vietnamese gas block

A Singaporean oil and gas company has filed a SIAC claim against a subsidiary of Japan’s Inpex Corporation over a deal to acquire a US$14 million stake in a Vietnamese offshore gas block.

08 July 2020

ICC panel rules in Turkmen-Iranian gas dispute

Turkmenistan’s national gas company Turkmengaz has reportedly been awarded around US$2 billion in an ICC claim concerning payments for the supply of natural gas to Iran.

30 June 2020

Stockholm panel carves up Ukrainian gas venture

A Stockholm Chamber of Commerce tribunal has issued a further award in a dispute over the dissolution of a Ukrainian gas joint venture, reportedly rejecting most of a state-owned entity’s valuation arguments while reducing its partners’ share in their joint property by more than half.

19 June 2020

Gazprom to pay out on billion-dollar gas price award

Russia’s Gazprom has agreed to repay US$1.5 billion to Poland’s state gas utility PGNiG to comply with an award in a gas price review arbitration but says it will continue with efforts to challenge the outcome in the Swedish courts as well as pursuing further price renegotiations.

15 June 2020

Shell and Exxon to arbitrate Dutch gas field dispute

Shell and ExxonMobil will go to arbitration with the Netherlands over compensation for the early closure of a gas field that was blamed for causing earthquakes.

27 May 2020

Pandemic sinks settlement of Egyptian gas plant dispute

A settlement agreed by Egypt earlier this year to satisfy a US$2 billion ICSID award has fallen through, with sources suggesting the coronavirus is to blame.

27 April 2020

Shell wins damages in Malaysian oil dispute

A Shell subsidiary has won more than US$340 million in a billion-dollar arbitration at the Asian International Arbitration Centre, launched by a Malaysian state-owned shipping company over one of the country’s biggest offshore oil fields.

14 April 2020

Witness must testify in Central Asian bribery dispute

The English Court of Appeal has ruled that a UK-based witness can be compelled to give evidence in a New York-seated arbitration over alleged bribes paid to a Central Asian government despite the fact that he is not a party to the arbitration agreement.

20 March 2020

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