Conoco to Soon Argue Damages in Venezuela Dispute

Source: Reuters 5/13/2014, Location: South America

Conocophillips CEO Ryan Lance said that his company and Venezuela's state-owned PDVSA are due to argue damages before an arbitration panel as their dispute over oil assets moves forward.

The arguments are "imminent," Lance told reporters after the company's annual meeting, adding that it was uncertain when the World Bank panel would issue a ruling.

Conoco's projects were taken over during the socialist administration of deceased former President Hugo Chavez, who led a wave of nationalizations that included the oil, electricity and steel industries.


United Kingdom >>  8/5/2022 - The Equinor-operated Rosebank oil and gas field will provide significant investment into the UK.

According to a socioeconomic study by Wood...

United States >>  8/5/2022 - Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet") today announced a series of transactions conducted by its unrestricted subsidiary...

Saudi Arabia >>  8/3/2022 - Saudi Arabian Oil Company (“Aramco”) today signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering m...
Azerbaijan >>  8/2/2022 - Azerbaijan’s goal of diversifying its energy mix has received a major boost with the approval of US$ 114.2 million financing package from the European...

United States >>  8/2/2022 - The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced $26 million to fund projects that will demonstrate that ...
Canada >>  8/1/2022 - Aurora Hydrogen, a company developing emission-free, hydrogen production technology, has raised $10M USD in Series A funding led by Energy Innovation ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.