Tag: lawsuit
Chinese state-owned companies sue Talisman Energy for $5.5 billionUSD
“Addax has chosen to commence legal proceedings to gain an illegitimate benefit instead of devoting all efforts to improving TSEUK’s performance” Addax Petroleum UK Limited and Sinopec International Petroleum Exploration and Production Corporation (both companies ultimately owned by the Chinese Government) have initiated arbitration proceedings against Talisman Energy Inc. (currently Repsol Oil & Gas Canada […]
Pipeline wars: Energy Transfer Equity countersues in nasty legal spat with Williams
DALLAS, Texas – Energy Transfer Equity, L.P. says it has filed its Affirmative Defenses and Counterclaim in the lawsuit brought by The Williams Companies, Inc. over tax issues that threaten their $20 billion merger. The trial is scheduled to begin on June 20 in Delaware. The companies also set a shareholder vote on the deal for June 27, according to a […]
Occidental Petroleum awarded $1 billion from Republic of Ecuador by arbitrator
Occidental Petroleum’s Block 15 was expropriated by Ecuador in 2006 HOUSTON, Texas – Occidental Petroleum Corporation announced Tuesday that it has reached an understanding with the Republic of Ecuador for the payment of $1 billion after the country expropriated the company’s assets in 2006. The arbitration was awarded in Nov. by the International Centre for Settlement of Investment Disputes […]
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