Industry: Oil & gas exploration & production
UK oil company monetises Energy Charter Treaty award
London-listed oil company Rockhopper Exploration says it has received an initial payment from a deal to monetise an Energy Charter Treaty award against Italy, resulting in a €26 million payout to the funder that backed the arbitration.
04 July 2024
ICC tribunal decides Albanian oil field dispute
An ICC tribunal has issued a final award in a US$800 million dispute between a Chinese-owned energy company and Albania over cost recovery at one of Europe’s largest oil fields.
01 July 2024
Indonesian oil producer settles Libyan claim
An Indonesian energy company has settled an ICC claim against a Libyan state-owned entity over a US$900 million oil and gas project disrupted by civil war.
04 June 2024
ConocoPhillips enforces PDVSA award in Trinidad
A court in Trinidad and Tobago has recognised a US$2 billion ICC award won by ConocoPhillips against Venezuela’s national oil and gas company PDVSA – as the US company seeks to recover the US$1.3 billion it says it is still owed.
04 June 2024
Brazilian oil producer declares win in ICC case over offshore field
A Brazilian independent oil producer says it has defeated an ICC claim brought by its Indian-owned partner in a deepwater oilfield, meaning it will be entitled to all the oil from the project.
31 May 2024
Singaporean state-owned entity settles oil drilling dispute
A Singaporean state-owned company has agreed to settle the remaining part of a US$176 million SIAC award over contracts for oil drilling equipment that were terminated in the wake of Brazil’s Lava Jato scandal.
23 May 2024
Chad sees off bid to freeze bank accounts in oil pipeline dispute
Chad says an ICC tribunal has rejected a request by the UK’s Savannah Energy to freeze the accounts of an oil pipeline venture pending a dispute over its partial nationalisation.
14 May 2024
Shell hit with claim from South African partner
A Johannesburg-based company has reportedly launched an arbitration against Shell over the value of its stake in their South African joint venture.
09 May 2024
Trinidad faces ICSID and ICC claims over gas supply deal
An investor in a gas-to-liquids plant in Trinidad and Tobago is bringing ICSID and ICC proceedings after its gas supply agreement with a state-owned enterprise was purportedly terminated.
29 April 2024
Canadian energy company loses claim over Pakistani gas blocks
A Canadian energy company has reportedly lost its ICC claim to regain rights to two gas blocks in Pakistan.
09 April 2024