Work Area: Oil and gas

Paris court issues trio of Libya decisions

The Paris Court of Appeal has upheld its earlier ruling permitting Libya to appeal the enforcement of a €280 million award – the third judgment the court has issued in recent months involving the state or entities it owns.

27 February 2024

UK oil company instructs counsel for claim against Ireland

A London-listed oil and gas company has instructed counsel as it prepares to file the first known investment treaty claim against Ireland, for which it is also seeking third-party funding.

26 February 2024

Slovenia denied security in fracking case

An ICSID tribunal has declined to order a UK company to post security for costs in a €656.5 million claim over Slovenia’s blanket ban on fracking for natural gas.

23 February 2024

Chinese consortium brings claim over Cyprus LNG project

A Chinese consortium is pursuing a €200 million claim in a London arbitration against two Cypriot state-owned entities over a delayed project to construct a liquefied natural gas terminal.

21 February 2024

Dutch court rejects Russia’s fraud challenge to Yukos awards

A Dutch appeal court has rejected Russia’s arguments that awards worth US$60 billion in favour of the former majority shareholders of Yukos were tainted by procedural fraud, finding that the allegations were time-barred and unlikely to have changed the outcome of the arbitration.

20 February 2024

US energy company threatens claim against Equatorial Guinea

A Houston-based energy company has reportedly threatened to file an arbitration against Equatorial Guinea over the alleged termination of its contract for an offshore gas field.

19 February 2024

Shell and Exxon launch claim over phase-out of Dutch gas field

Shell and ExxonMobil have filed a contractual arbitration against the Netherlands over arrangements for the closure of the largest natural gas field in Europe.

14 February 2024

Oxy agrees to settle dispute with Ecuador oil block partner

Occidental Petroleum says it has reached a preliminary settlement with its Chinese former partner in an Ecuadorean oil block to settle a long-running fight over the proceeds of an ICSID award.

13 February 2024

Billion-dollar dispute over Indian gas venture headed for arbitration

The Indian Supreme Court is set to send a billion-dollar dispute between India’s national oil company and a joint venture between ArcelorMittal and Japan’s Nippon Steel to arbitration.

09 February 2024

Yukos shareholders seize Russian property in London

The former majority of shareholders of Yukos have seized a London property owned by Russia to satisfy the legal costs of their battle to enforce awards worth US$60 billion.

02 February 2024

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