Organisation: ConocoPhillips

An ICSID annulment committee has upheld an award that ordered Venezuela to pay around US$9 billion to ConocoPhillips over the expropriation of three oil projects. 

23 January 2025

ConocoPhillips has persuaded a court in Trinidad and Tobago to appoint a receiver over payments the Caribbean country owes to Venezuela’s PDVSA, as part of the US oil company’s efforts to recover US$1.3 billion under an ICC award. 

02 October 2024

A court in Trinidad and Tobago has recognised a US$2 billion ICC award won by ConocoPhillips against Venezuela’s national oil and gas company PDVSA – as the US company seeks to recover the US$1.3 billion it says it is still owed. 

04 June 2024

International arbitration lawyers have been paying tribute to David Kasdan, a prolific real-time court reporter who transcribed more than a thousand hearings and procedural sessions, who has died aged 60.

08 March 2024

The latest ITA-IEL-ICC joint annual conference considered the future of international energy disputes amid global conflict, energy transition initiatives and heightened criticism of ISDS, while King & Spalding’s Doak Bishop was interviewed about his career. Sophia Sepulveda Harms of King & Spalding in Houston reports.

06 March 2024

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

Miriam Harwood has left Squire Patton Boggs, where she was co-head of investment arbitration, to launch an international arbitration practice at US firm Katten Muchin Rosenman.

27 July 2023

Romania has asked an ICSID tribunal to dismiss a Canadian mining group’s “staggering” request to recover almost US$64 million plus interest in costs stemming from its long-running US$4.4 billion treaty claim.

12 May 2023

The US government agency that administers economic sanctions has indicated it does not oppose the court-supervised auction of an interest in a US refinery business owned by Venezuela’s national oil and gas company PDVSA to pay the state’s creditors.

02 May 2023

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