Industry: Oil & gas exploration & production

An Argentine-owned energy company has launched an ICSID claim against Ecuador over the state’s failure to release it from US$100 million worth of guarantees issued in connection with the handover of a major oil pipeline. 

23 April 2025

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

Russia has reportedly asked its own courts to restrain a German oil and gas producer from pursuing an Energy Charter Treaty claim on pain of a €7.5 billion penalty, while seeking to have the arbitrators and the investor’s German law firm held jointly liable if the arbitration proceeds.

17 April 2025

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

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

An advocate-general at the Dutch Supreme Court has recommended the dismissal of Russia’s bid to revive allegations that awards now worth US$63 billion in favour of the former majority shareholders of Yukos were tainted by procedural fraud. 

14 April 2025

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

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

Romania is seeking to annul an Energy Charter Treaty award that reportedly granted US$85 million to a Russian-owned petrochemical investor over the seizure of a refinery.

27 March 2025

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