Work Area: Oil and gas
Venezuela creditors flock to take part in Citgo auction
ExxonMobil has joined a line of Venezuela’s creditors seeking to take part in the court-supervised auction of an interest in a state-owned refinery business, which is reportedly valued at US$13 billion.
16 August 2023
Emergency arbitrator grants measures against Chad
The UK’s Savannah Energy has obtained ICC emergency arbitrator relief against Chad to halt attempts to oust it from an oil pipeline venture.
10 August 2023
LNG vessel manufacturer takes BP to arbitration
A Bermuda-headquartered manufacturer of LNG carriers has filed for arbitration against BP over a vessel built to serve an offshore project in West Africa.
10 August 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
Claims loom against US gas supplier
Portuguese oil company Galp says it is considering its options over a US exporter’s alleged failure to provide contracted natural gas supplies – which has reportedly already led to three pending cases at the LCIA.
02 August 2023
Iran's central bank prepares treaty claim against Korea
The Central Bank of Iran is preparing to file a treaty claim against South Korea after local banks froze US$7 billion of assets due to sanctions – as a Texas private equity group seeks to revive a multibillion-dollar claim against the east Asian state through ICSID annulment proceedings.
01 August 2023
Bulgaria fails to knock out Lithuanian heirs' claim
An ICSID tribunal has rejected Bulgaria’s request for summary dismissal of a billion-euro Energy Charter Treaty claim brought by the children of a Lithuanian oil and gas entrepreneur.
31 July 2023
ExxonMobil faces claim over Colombian exit
A Canadian energy company says it is bringing claims against subsidiaries of ExxonMobil after the US group withdrew from an oil block in Colombia following the suspension of its fracking operations at the site.
28 July 2023
Pemex award survives Mexican appeal
A Mexican appeal court has upheld an AAA-ICDR award that threw out a US consortium’s US$200 million claim on jurisdiction and awarded US$80 million in favour of Mexico’s state oil company Pemex.
27 July 2023
Funder brings Albania award to US court
Australian disputes funder Omni Bridgeway has asked a US court to enforce an ICC award worth nearly US$15 million against Albania and its national oil company.
26 July 2023