Work Area: Oil and gas

Sinopec to bring claim against LNG supplier

China’s Sinopec is reportedly preparing to file for arbitration against a US exporter of liquefied natural gas that is already facing claims totalling US$2 billion from other energy and construction companies.

12 October 2023

Gazprom venture revealed as target of UK anti-suit injunctions

A subsidiary of Russia’s Gazprom has been revealed as the target of a set of recent English anti-suit injunction requests by German banks seeking to enforce Paris-seated ICC arbitration clauses.

11 October 2023

Shipping groups settle dispute over failed multibillion merger

A Belgian shipping company has settled an arbitration it filed against a Norwegian transporter after their US$4.2 billion merger fell through.

10 October 2023

London court rejects ECJ ruling in oil spill saga

A London court has refused to enforce an €855 million Spanish court judgment over a major oil spill after finding it would violate two earlier arbitral awards in the dispute – defying a ruling from the European Court of Justice on the issue.

06 October 2023

Yukos investors urge UK court to reject Russia’s immunity defence

The former majority shareholders of Yukos Oil Company have urged a UK court to reject Russia’s sovereign immunity defence to the enforcement of awards worth nearly US$60 billion, arguing the Dutch courts have already decided the underlying issue.

04 October 2023

Firtash suit falls foul of draft LCIA clause

A Dutch court has declined jurisdiction over various defendants in a US$500 million litigation brought by a company owned by Ukrainian oligarch Dmytro Firtash after finding that an LCIA arbitration clause in a draft contract was valid.

28 September 2023

Korean shipbuilder defeats claims over cancelled contracts

A London-seated tribunal has rejected claims worth more than US$180 million brought by a Bermudan drilling company against a Korean shipbuilder over cancelled contracts to deliver ultra-deepwater drillships.

27 September 2023

Rosneft asks Russian court to restrain BP arbitration

Rosneft has asked a Moscow court to block BP from pursuing an international arbitration – with the British company confirming the dispute does not relate to its ongoing effort to divest its stake in the Russian state-controlled entity.

27 September 2023

Guatemalan renewables investors bring claim against Honduras

A pair of Guatemalan renewable energy investors are pursuing a DR-CAFTA claim against Honduras, as a group of US claimants drop their bid to revive a case against Nicaragua under the same free trade agreement.

22 September 2023

Oxy pays Yemen to settle ICC awards

Houston’s Occidental Petroleum has agreed to pay a net sum to Yemen to settle awards rendered in two ICC arbitrations relating to the same oil block, bringing an end to enforcement proceedings in Delaware.

22 September 2023

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