Work Area: Oil and gas
Russian court issues billion-euro judgment despite HKIAC clause
A Russian court has ordered industrial gases conglomerate Linde to pay around €1 billion to a Gazprom affiliate for halting work on an LNG plant – refusing to enforce an HKIAC arbitration clause in the project contract.
04 November 2024
BVI judge refuses to find award creditor in contempt
A judge in the British Virgin Islands has refused to find a bankrupt Greek shipping group in contempt for disclosing information obtained as part of its effort to collect US$36 million owed under a JAMS award.
31 October 2024
Law firms in place for Iran-Pakistan pipeline claim
UPDATED: White & Case and Willkie Farr & Gallagher have been instructed to defend Pakistan in a multibillion-dollar arbitration recently launched by Iran over a gas pipeline project disrupted by US sanctions.
30 October 2024
Naftogaz freezes Russian assets in Finland
Ukraine’s Naftogaz says a Finnish court has granted its request to freeze Russian state-owned assets worth tens of millions of dollars in aid of its bid to enforce a US$5 billion investment treaty award.
28 October 2024
BP seeks to enforce against Mexican gas buyers
BP’s Mexican arm has applied to a Texas court to enforce a US$46 million ICDR award against three customers who failed to pay for gas during a winter storm.
21 October 2024
Exxon brings ECT claim against Netherlands over gas phase-out
UPDATED WITH COUNSEL: ExxonMobil says it has filed an Energy Charter Treaty claim against the Netherlands after the government phased out gas extraction following earthquakes in Europe’s biggest gas field.
10 October 2024
BP wins ICC case over African LNG supplies
BP has won an ICC award blocking its US partner in a West African subsea project from selling LNG supplies to third parties during the life of their sales agreement.
09 October 2024
Uniper sees award upheld in Dutch gas supply dispute
A Swiss court has upheld an award favouring German state-owned energy company Uniper in an under-the-radar dispute with a Dutch gas distributor concerning a long-term supply contract.
07 October 2024
Kazakhstan settles gas pricing dispute
A Cayman-registered energy company says it has agreed not to arbitrate a dispute with Kazakhstan's national gas company over the price of deliveries, as a consortium reportedly resumes talks to settle claims raised by the state in a US$150 billion arbitration.
03 October 2024
Conoco seizes PDVSA funds in Trinidad
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