Region: Ecuador
Russian group wins damages over Ecuador hydro project
Russian state-owned energy group Inter RAO has won US$45 million in an arbitration against an Ecuadorean state entity over a terminated contract to install components at a hydroelectric power project.
13 September 2023
Oxy loses further claim against Amazon oil block partner
An ICDR tribunal has thrown out a US$310 million claim by Occidental Petroleum against its Chinese former partner in an Ecuadorean oil block, finding it was barred by res judicata because of an earlier award.
09 August 2023
Oxy loses appeal over payout to Amazon oil block partner
A US appeals court has dismissed Occidental Petroleum's challenge to an award requiring it to share the proceeds of an ICSID settlement with its former partner in an Ecuadorean oil block.
16 June 2023
Panel in place for US investor's claim against Ecuador
A panel is in place at the Permanent Court of Arbitration to hear a claim brought against Ecuador by a US company linked to casino investors.
15 June 2023
Sinopec sees off challenge to Ecuador oilfield award
A Chilean court has upheld a US$64 million award won by Chinese state-owned energy group Sinopec against Ecuador’s national oil company, finding it did not violate national public policy.
18 May 2023
US court enforces Perenco award against Ecuador
A US court has enforced a US$412 million ICSID award against Ecuador that was the subject of a recent settlement agreement – while refusing to offset it against a disputed tax bill.
17 March 2023
Ecuador to pay Perenco ICSID award
Ecuador has agreed to pay Bahamian oil company Perenco its US$412 million ICSID award to settle a long-running dispute over a tax on windfall revenues, while in a separate arbitration the state has been ordered to pay US$17 million to a Spanish-led consortium.
03 January 2023
Canadian energy company to bring claim against Ecuador
UPDATED: A Canadian energy company says it will bring an UNCITRAL claim against Ecuador over the state’s alleged refusal to renew concessions for a pair of oil blocks.
06 December 2022
Chinese mining investor brings claim against Ecuador
A Chinese mining company that says it lost control over a gold and silver project in Ecuador after it was invaded by activists has made good on its threat to file an investment treaty claim.
06 October 2022
Perenco takes Ecuador award to UK and Singapore
Bahamian oil company Perenco says it has registered its US$412 million ICSID award against Ecuador in the courts of Singapore and the UK, as the Latin American state challenges an unrelated award in favour of a Singaporean oil company.
26 August 2022