Work Area: Oil and gas

Oil and gas companies from the US and Panama have filed a contractual ICSID claim against Ecuador.

21 March 2025

US oil services group Schlumberger has sought to stay an UNCITRAL arbitration worth at least USS$230 million over alleged corruption in a Guatemalan oil project, arguing it is not a signatory to the underlying contracts.

20 March 2025

German energy company RWE says it prevailed in its ICC arbitration with Gazprom’s export arm over gas supplies halted following Russia’s invasion of Ukraine. 

20 March 2025

A SIAC tribunal that was asked by a Singapore court to revisit a US$570 million award in favour of a sanctioned Russian engineering group against Vietnam’s national oil and gas company has issued a new award – again finding the underlying contract had been validly terminated.

18 March 2025

An international consortium has reportedly won interim relief in its US$160 billion dispute with Kazakhstan over the Kashagan oil field – seeking to stop the state from collecting on a US$5 billion fine. 

10 March 2025

US gas exporter Venture Global has paid US$320 million to satisfy two ICC awards won by a contractor that built its LNG facility in the Gulf of Mexico – as it faces arbitrations worth more than US$7 billion brought by customers for non-delivery of promised cargoes.

10 March 2025

Guyana and a US-Puerto Rican contractor have agreed to send their dispute over the delayed construction of a US$759 million power plant to ICC arbitration.

07 March 2025

The Amsterdam Court of Appeal has enforced an ICC award worth US$85 million plus interest against an Iraqi state entity over a salvage contract while setting off amounts it was granted in a separate award. 

04 March 2025

Spanish electric utility Endesa has instructed counsel to defend it in a US$308 million price review arbitration brought under a long-term contract for supply of liquefied natural gas – months after defeating a US$650 million claim in a separate arbitration.  

03 March 2025

A Swedish company says it is considering a potential arbitration against Russia over the seizure of gas assets in the Black Sea, after its Ukrainian partner won a claim over the same assets.

27 February 2025