Zimbabwe faces arbitration over currency payments
A hydropower plant in Zimbabwe is taking the local utility to international arbitration over a dispute on what currency should be used in payments.
Arbitration
Sonangol wins back Galp stake in Dutch ruling
A Dutch arbitration court has found against Isabel dos Santos in her attempts to transfer shares from Sonangol.
Dana Gas wins arbitration challenge in Egypt
An arbitration panel has backed Dana Gas in its decision to terminate a sales agreement with IPR Energy.
Keppel set to ‘vigorously’ defend FPSO arbitration
Singapore rig builder Keppel Offshore & Marine has received a request for arbitration from an unnamed counterparty relating to two engineering, procurement and construction (EPC) contracts for floating production storage and offloading units (FPSOs).
PTTEP expects Erawan output to fall short for up to two years
Thailand’s PTT Exploration & Production (PTTEP) said it will need between one and two years to hit its contractual production target at the Erawan field offshore Thailand once it takes over from current operator Chevron.
PTTEP ‘losing hope’ in battle with Chevron for access to Thai gas field
Thailand’s PTT Exploration & Production (PTTEP) is having difficulty accessing the Chevron-operated Erawan gas field to install production facilities as planned, ahead of a transition next year. PTTEP is now reportedly “losing hope” of gaining access before next April’s handover due to an unresolved legal battle with Chevron.
Inpex takes Ichthys LNG contractors to court in Japan
Japan’s Inpex has filed a lawsuit against joint venture company JKC, which consists of KBR, Chiyoda and JGC, relating to the construction of the giant Ichthys liquefied natural gas (LNG) export project in northern Australia.
Chevron pledges smooth transfer of Thai gas field to PTTEP
Chevron’s recently-appointed president Chatit Huayhongtong has pledged to ensure a smooth transfer of its Erawan gas field, now facing a legal dispute, to Thai upstream company PTT Exploration and Production (PTTEP), reported the Bangkok Post.
PTTEP warns Chevron handover at Erawan a key risk
Thailand’s PTT Exploration & Production (PTTEP) reported it is having difficulty accessing the Chevron-operated Erawan gas field to install production facilities as planned, ahead of a handover next year.
Cairn Energy attempts to seize Indian assets over tax dispute
Cairn Energy is increasing pressure on the Indian government to pay a $1.2 billion arbitration award after filing a lawsuit in the U.S.
Shell seeks ICSID arbitration over Rivers case
Shell has filed for arbitration against Nigeria over an ongoing dispute around oil spills.
Updated: Cairn Energy shares soar as firm awarded £900m in long-running India tax row
Shares in Cairn Energy soared after the Scottish oil and gas firm announced it had prevailed in a long-running tax dispute with the Indian Government.
Awilco warns of cost saving measures on the horizon
Rig contractor Awilco Drilling has warned it will initiate a "wide range of cost saving measures".
Naturgy, Sonatrach tweak gas sales agreement
Senior Sonatrach executives have held a meeting with Naturgy to review gas agreements.
Judge dismisses Meta Energia application to set aside ruling ordering it to pay Shell almost £18m
An appeal by Meta Energia to roll back a court’s decision to award an arbitration to Shell has been dismissed.
Scots legal experts join forces for ‘pioneering’ online service to solve costly oil and gas disputes
A crack team of six respected members of Scotland’s legal system have joined forces to provide a “pioneering” online solution to costly disputes in the oil and gas sector.
Dana considers demerger, sukuk payment
Dana Gas has taken a step towards splitting its upstream and midstream businesses off from each other, following approval for the plan from its shareholders at an AGM vote.
Senegal’s Sangomar inches closer to FID for Woodside, Cairn
Senegal’s government has approved the plan to develop the Woodside Energy-led Sangomar field.
UK Supreme Court to hear Halliburton insurance wrangle on $1.1bn Deepwater Horizon payments
A dispute between Halliburton and its insurer over its $1.1bn (£855m) Deepwater Horizon oil spill payments will be presided over by the UK’s highest court today.
Senegal launches licence round
Senegal has launched its licence round the Africa Oil Week conference in South Africa, although it faces criticism from one company for offering a disputed block.
Oil and gas industry favours international arbitration to solve disputes says university
International arbitration is the most preferred form of dispute resolution for cross-border disputes, including in the oil and gas industry a new study has revealed.
Cosco Corporation wins arbitration case
Chinese shipyard Cosco Corporation (Singapore) has successfully won an arbitration case in the UK. The case was against a compatriot rig owner in relation to an axed $500million-plus drillship newbuild deal. A spokesman for the company said the matter related to a previous announcement in October 2013.