Work Area: Oil and gas

French utility pursues Gazprom over supply shortage

French utility Engie says it is pursuing arbitration against Gazprom’s export arm, accusing the Russian state entity of gas delivery shortages following a payment dispute.

21 February 2023

Korean shipbuilder settles billion-dollar claim

A Korean shipbuilder has reportedly agreed to pay to settle a dispute with Japanese oil and gas producer Inpex that gave rise to a US$970 million ICC case.

17 February 2023

Malpass to leave World Bank role

David Malpass has announced his plans to resign as president of the World Bank – and chair of ICSID’s administrative council – before the end of his term, amid reports of a climate policy rift with US President Joe Biden.

17 February 2023

UK oil company takes Ghana to ICC

The UK’s Tullow Oil says its subsidiary has filed a pair of ICC arbitrations against Ghana over disputed tax assessments by the state revenue authority worth over US$387 million.

14 February 2023

Peruvian agency fails to halt oil consortium liquidation

An ICC tribunal has ruled that an oil consortium validly terminated its agreement with a Peruvian state agency, rejecting arguments it was a bad faith move to trigger a liquidation proceeding.

13 February 2023

Czech energy group brings ICC claim against Gazprom

CEZ, the majority state-owned Czech energy group, says it has launched a US$45 million ICC arbitration against Gazprom – the latest in a wave of claims over undelivered Russian gas supplies.

10 February 2023

Challenge to Kazakh oil contract triggers treaty threat

A Cayman-registered oil and gas company has said it may bring a treaty claim against Kazakhstan after local prosecutors filed litigation to cancel a contract they say was extended unlawfully.

10 February 2023

European Commission calls for exit from ECT

In a major policy U-turn, the European Commission has proposed a “coordinated withdrawal” of EU member states from the controversial Energy Charter Treaty after failing to muster enough support for a “modernised” version of the agreement.

09 February 2023

Yemen pursues Oxy over ICC award

Yemen has applied to a US court to enforce the outstanding part of a US$10 million ICC award against an affiliate of Occidental Petroleum.

08 February 2023

Repsol fails to overturn Sinopec awards in Singapore

A Singapore court has upheld a pair of SIAC awards that found Repsol liable for fraud in a US$5 billion dispute with China’s Sinopec, while refusing to disqualify the presiding arbitrator over his role on a Chinese court-appointed expert panel.

02 February 2023

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