Legal News

Jersey Oil and Gas Announces TGS Dispute Settlement Payment
United Kingdom >> 1/4/2021 - Jersey Oil & Gas (JOG), an independent upstream oil and gas company, ?focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce that it has reached a settlement with...
Bahamas Petroleum Provides Update on Court Process in the Bahamas
Bahamas >> 12/28/2020 - - An Application to the Supreme Court of the Bahamas (“Court”) for leave to apply for a Judicial Review, brought against the Government of The Bahamas in respect of the issue to BPC (in February 2020)...
Bahamas Petroleum Outcome of Court Proceedings in the Bahamas
Bahamas >> 12/24/2020 - BPC advises that the Supreme Court of The Bahamas has issued a ruling refusing leave in relation to an application for an extension of time to apply for Judicial Review of the decision by the Governme...
Gazprom’s Complaint Rejected by Swedish Court
Poland >> 12/23/2020 - The Svea Court of Appeal in Stockholm rejected Gazprom’s complaint to set aside the partial award of the Arbitral Tribunal concerning the dispute over the pricing terms under the Yamal contract. The r...
Pacific Drilling Announces Confirmation of Prearranged Plan
United States >> 12/22/2020 - Pacific Drilling S.A. (OTC: PACDQ) announced today that the United States Bankruptcy Court for the Southern District of Texas confirmed the First AmendedJoint Plan of Reorganization of Pacific Drillin...
Strike Shuts Down Four Equinor Fields in the North Sea
Norway >> 10/5/2020 - The trade union Lederne has stepped up its strike on the Norwegian continental shelf from Sunday midnight. As a result of the escalation, Equinor has conducted a controlled closure of the fields Gudru...
BIS Fines with $31M for Using US Equipment to Conduct Survey in Iranian Waters
Iran >> 8/24/2020 - BIS Acting Under Secretary Cordell Hull issued a final order imposing a $31,425,760.00 penalty on Singapore based Nordic Maritime Pte. Ltd. (“Nordic”) and its Chairman, Morten Innhaug (Innhaug). The ...
Termination of JPDA Arbitration Proceedings
East Timor >> 8/7/2020 - Oilex Ltd (“Oilex”), in its capacity as Operator, on behalf of the Joint Venture Participants in Joint Petroleum Development Area (“JPDA”) 06-103 Production Sharing Contract (“PSC”) in East Timor is p...
Argentina’s Highest Court Rejected the Plaintiffs’ Final Bid Against Chevron
Argentina >> 7/31/2020 - Argentina’s highest court unanimously rejected the plaintiffs’ final bid to enforce a fraudulent $9.5 billion Ecuadorian judgment against Chevron Corporation. This is the latest in a string of legal v...
PGNiG S.A. & PST Will Participate in the Court Proceedings for Nord Stream 2
Poland >> 7/30/2020 - Polish Oil and Gas Company S.A. and its German subsidiary PGNiG Supply & Trading sent a letter to the Dusseldorf Higher Regional Court expressing willingness to participate in the court proceedings re...
New Legislation Helps Pave the Way for Australia’s Hydrogen Industry
Australia >> 5/15/2020 - Minister for Resources, Water and Northern Australia Keith Pitt says an important step has been taken to lay the foundations of a new hydrogen industry in Australia after key legislation passed throug...
Natural Gas-Based Industry Projects to Work under Free Zone System in Egypt
Natural Gas-Based Industry Projects to Work under Free Zone System in Egypt Egypt >> 5/13/2020 - The Cabinet approved during its meeting on Wednesday 13/5/2020 a proposal submitted by the General Authority for Investment and Free Zones (GAFI) on amending article 34 of investment law no. 72/2017. ...
Hundreds of Algerians Protest Against Proposed Energy Law
Algeria >> 10/13/2019 - Hundreds of Algerians protested in front of parliament on Sunday against proposed changes to the energy law that they say the caretaker government has no right to pass. ...
SBM Offshore Confirms Formal Closure of Brazil Legacy Case
Brazil >> 10/9/2019 - SBM Offshore received notification that the Federal Court has formally closed the Improbity Lawsuit filed by the Brazilian Federal Prosecutors Office (Ministerio Publico Federal, MPF) in 2017. This ap...
Petrobras Informs on Negotiations with the Government of Uruguay
Brazil >> 7/16/2019 - The President of Petrobras, Roberto Castello Branco, and the President of Uruguay, Tabare Vazquez, met, with the objective of seeking a definitive solution on the disputes arising from the concessions...
Petroceltic Commences Arbitration Proceedings against EGPC
Egypt >> 2/12/2019 - Petroceltic, the UK incorporated international energy company, announces its intention to commence arbitration proceedings in the World Bank managed International Centre for Settlement of Investment D...
Venezuela Congress Slams Oil Deals with US French Companies
Venezuela >> 1/8/2019 - Venezuela’s opposition-run congress issued a resolution calling deals between state-run oil company PDVSA and U.S. and French companies announced this week illegal, since they had not been sent to law...
Brazilian Fifth Chamber Approved Brazilian Prosecutor & SBM Agreement
Brazil >> 12/18/2018 - The Leniency Agreement with the Brazilian Federal Prosecutor’s Office (Ministerio Publico Federal – “MPF”) of September 1, 2018 has been approved by the Brazilian Fifth Chamber for Coordination and Re...
Algeria Hopes to Have Energy Law Ready by H1 of 2019
Algeria >> 10/16/2018 - Algeria wants to have a new energy law ready by the first half of 2019 and might use Mexico’s legislation as inspiration, the CEO of state energy firm Sonatrach said. ...
Agreement Signed Between SBM Offshore & Brazilian Public Prosecutor
Brazil >> 9/1/2018 - Following the announcement by the Company of July 26, 2018 of a Leniency Agreement with Brazilian Authorities CGU (Ministerio da Transparencia e Controladoria-Geral da Uniao– “CGU”) and AGU (Advocacia...

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