Category: arbitration
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Seatrium’s affiliate pursuing arbitration against Petrobras over FPSO deal
Seatrium’s affiliate pursuing arbitration against Petrobras over FPSO deal Jurong Shipyard (JSPL), a wholly-owned subsidiary of Seatrium, a Singapore-headquartered provider of offshore, marine, and energy solutions, has initiated arbitration proceedings against Petrobras Netherlands (PNBV), a subsidiary of Brazil’s energy giant Petrobras. The post Seatrium’s affiliate pursuing arbitration against Petrobras over FPSO deal appeared first on Offshore…
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Seatrium and Maersk Offshore Wind WITV dispute heads for arbitration
Seatrium and Maersk Offshore Wind WITV dispute heads for arbitration A dispute between Singapore’s Seatrium and Maersk Offshore Wind is headed for arbitration. As we reported at the time, on October 10, Seatrium received a notice of termination from Maersk Offshore Wind related to the construction of a Wind Turbine Installation Vessel (WTIV) intended for…
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BP scores victory in arbitration showdown with Venture Global, seeks over $1B in damages
BP scores victory in arbitration showdown with Venture Global, seeks over $1B in damages Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has lost its arbitration battle against the UK-headquartered energy giant BP over the delay in starting full commercial operations at its LNG facility in Louisiana, United…
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Seatrium vows arbitration battle as court clears path for $126.6 million rig contract payout
Seatrium vows arbitration battle as court clears path for $126.6 million rig contract payout A subsidiary of the Singapore-headquartered Seatrium has opted to continue its arbitration fight, following […] The post Seatrium vows arbitration battle as court clears path for $126.6 million rig contract payout appeared first on Offshore Energy. Melisa Cavcic Go to offshore…
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With final say on arbitration due by August-end, Chevron readying for ‘prompt close’ of Hess merger in 2025
With final say on arbitration due by August-end, Chevron readying for ‘prompt close’ of Hess merger in 2025 Chevron is confident that its rival, Hess Corporation, will emerge as the winner in the ongoing arbitration proceedings the remaining Stabroek block partners launched over the sale of interests in assets off the coast of Guyana. The…
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Arbitration win against Gazprom enables OMV to take €230M plus interest and costs home
Arbitration win against Gazprom enables OMV to take €230M plus interest and costs home OMV has managed to get the upper hand in the arbitration case against Gazprom Export, a subsidiary of Russia’s gas giant Gazprom, over the latter’s alleged irregular gas supplies to Germany. The post Arbitration win against Gazprom enables OMV to take…