Industry: Oil & gas exploration & production
RWE reports win against Gazprom
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
Second award issued in Vietnam power plant dispute
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
Bahraini launch event looks at investor-state mediation
Amid efforts to modernise ISDS, and with investors and states often settling disputes before an arbitration award, the launch event of the Council of International Dispute Resolution of the Kingdom of Bahrain in Riyadh explored way to promote more amicable resolution of disputes through negotiation or mediation.
12 March 2025
Swedish investor warns of claim against Russia
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
US court confirms funder’s award against Albania
A US court has granted a request by Australian disputes funder Omni Bridgeway to confirm an ICC award worth around US$15 million against Albania and its national oil company.
17 February 2025
Venezuela fails to annul ConocoPhillips award
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
Slovakia defeats ICSID claim by US oil investor
An ICSID tribunal has rejected a US oil and gas company’s US$133 million treaty claim against Slovakia over the state’s alleged failure to prevent a drilling project becoming disrupted by local protests.
20 January 2025
Dutch court upholds enforcement of Iranian gas award
The Hague Court of Appeal has refused to overturn the enforcement of an award worth US$2.75 billion won by the UAE’s Crescent Petroleum against the National Iranian Oil Company.
17 January 2025
Delaware court to overhaul Citgo sale process
The Delaware court overseeing the auction of Venezuela’s US refinery business Citgo Petroleum is set to overhaul the process after the country’s arbitral creditors refused to support a proposed US$7 billion sale.
02 December 2024
Chinese energy group enforces award after Chad oil deal dispute
The Commercial Court in London has enforced a US$325 million LCIA award obtained by the China National Petroleum Corporation's Chad subsidiary against a Geneva-based oil dealmaker, ruling that an appeal was time-barred.
27 November 2024