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.
Arbitration
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.