Work Area: Oil and gas
Chilean state entity seeks enforcement in Spain
A Spanish contractor is facing a bid to enforce an ICC award issued in a US$158 million arbitration over a Chilean refinery upgrade – as it settles a dispute with an Algerian state entity over a power plant project.
22 April 2025
Naftogaz targets Russian assets in France
Ukraine’s Naftogaz says it has taken a “first step” towards seizing Russian state-owned assets in France to satisfy a US$5 billion investment treaty award – while in a separate dispute it is hit with a billion-dollar penalty by a Russian court over its failure to halt an ICC arbitration.
17 April 2025
Croatia loses immunity challenge to intra-EU ECT award
A US court has refused to dismiss a Hungarian investor’s action to enforce a US$261 million Energy Charter Treaty award against Croatia – finding the state’s sovereign immunity defence was “foreclosed” as a result of an appellate ruling on other intra-EU ECT awards.
17 April 2025
Nigerian LNG producer loses appeal over indemnity order
The Court of Appeal in London has upheld an UNCITRAL award requiring a Nigerian affiliate of Shell to indemnify a trader for hundreds of millions of dollars in arbitral debts caused by its failure to deliver supplies of liquified natural gas.
16 April 2025
Colombian refinery investors return to ICSID
Colombia is facing a second ICSID claim by a pair of US investors in a troubled oil refinery upgrade project – as an investor in another dispute with the state fails in a novel request for rectification of a dissenting opinion.
09 April 2025
Azerbaijan defeats ECT claim over oilfield sale
An ICSID tribunal has declined to hear a Georgian businessman’s US$700 million claim against Azerbaijan over alleged interference in the sale of his stake in an onshore oilfield.
09 April 2025
Mexico faces ICSID claim over hydrogen project
A French industrial gases company has brought an ICSID claim against Mexico following the expropriation of a hydrogen plant.
08 April 2025
Kurdistan wins costs in billion-dollar oilfield dispute
A London-listed energy company has been ordered to pay nearly US$27 million in costs to the Kurdistan regional government of Iraq after losing a US$1.75 billion LCIA arbitration over two oil and gas fields.
07 April 2025
Thai state oil company faces SIAC claim over refinery
Samsung’s engineering arm and Saipem have filed SIAC proceedings against a Thai state-owned oil company over its enforcement of security for a US$4 billion refinery expansion project.
26 March 2025
Insolvent UK company files ECT claim against Kazakhstan
UPDATED: An insolvent UK oil and gas company has brought a long-threatened Energy Charter Treaty claim against Kazakhstan, seeking at least US$112 million over an alleged corporate raid on its local assets.
24 March 2025