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energy

ExxonMobil sues the Netherlands over gas field closure
11-Oct-2024 SOMO
The multinational disagrees with the decision that gas production in the Dutch province of Groningen will be shut down early.
Update on arbitrations against the Republic of Tunisia
4-Oct-2024 Euronext
The investors have determined a revised amount of US$503 million as the total claimed amount of the ICSID Arbitration
Investors sue Finland for attempt to curb power transmission prices
1-Oct-2024 XM
Investors in Finland’s largest power distributor Caruna are taking the Nordic country to arbitration, the Finnish foreign ministry said, due to the Finnish Energy Authority’s attempt to curb rising power transmission prices for ordinary consumers.
SAMIR case: Morocco, Corral Holdings file for rectification of ICSID ruling
9-Sep-2024 Morocco World News
The SAMIR affair, dating back to the refinery’s 2015 closure, has seen Morocco and Corral Holdings locked in a bitter dispute before the ICSID tribunal.
‘Expropriation threat’: Tanzania hit by $1.2 billion damages claim in bitter gas field dispute
9-Aug-2024 Upstream
Toronto-listed Orca Energy has hit Tanzania’s government with a US$1.2 billion claim
State lawmakers urge US exit from toxic ISDS mechanisms in trade deals
6-Aug-2024 Common Dreams
"Outdated trade rules like ISDS can pose a real threat to states’ sustainable energy initiatives and the good-paying jobs they create," said one lawmaker from Maine
Turkey ratifies free trade zone agreement with Ukraine
2-Aug-2024 The Kyiv Independent
Turkey ratified the agreement on a free trade zone with Ukraine on Aug. 2, more than two years after the agreement was originally signed.
Investment treaties are undermining the global energy transition
31-Jul-2024 E3G
Globally, 2 gigatonnes (Gt) of carbon dioxide equivalent (CO2e) of potential annual greenhouse gas emissions is protected via investment treaties.
Thailand ready to start free trade negotiations with EAEU
29-Jul-2024 Bangkok Post
Thailand is ready to start negotiations on concluding a free trade agreement (FTA) with the Eurasian Economic Union (EAEU).
UAE and Morocco finalize CEPA to boost goods and services trade through tariff cuts, regulatory reforms
29-Jul-2024 Middle East Economy
The UAE and Morocco have finalized the terms of a Comprehensive Economic Partnership Agreement (CEPA).
TC Energy loses $15-billion NAFTA lawsuit against US
19-Jul-2024 The Monitor
The welcome decision shines a light on Canada’s flawed defence in similar investor-state case against Canada.
Why Switzerland is diverging from Europe on a key energy treaty
18-Jul-2024 Swiss Info
The European Union will withdraw from the Energy Charter Treaty, an international agreement that protects investments in coal and oil. But Switzerland is sticking to the agreement which scientists considered incompatible with climate goals.
Dismissal of $15 billion NAFTA legacy case on Keystone XL pipeline is welcome, but billions in egregious claims still remain
17-Jul-2024 Public Citizen
The World Bank has dismissed Canadian oil company TC Energy’s $15 billion ISDS case against the US sought due to lack of jurisdiction.
Samir case : Corral Holding awarded only $150 million of claimed $2.7 billion
16-Jul-2024 Yabiladi
The ICSID dismissed most of Corral Morocco Holding’s claims against Morocco, amounting to $2.7 billion, awarding the group $150 million.
World Bank arbitration tribunal dismisses Emirati oil firm’s EGP 3 bn case against Egyptian government
9-Jul-2024 Enterprise
The World Bank’s ICSID dismissed claims brought against the Egyptian government by UAE-based CTIP Oil & Gas Investment Limited.
SAMIR oil refinery: Morocco rejects $2.7 billion compensation claim from Saudi firm
9-Jul-2024 Morocco World News
Morocco dismissed the claims, maintaining that the businessman was engaging in blackmail and illegal maneuvers to obstruct the liquidation process of Morocco’s sole oil refinery, Samir.
EU notifies exit from Energy Charter Treaty and puts an end to intra-EU arbitration proceedings
2-Jul-2024 European Commission
The EU has taken the final step to exit the Energy Charter Treaty; the Union and its Member States have also reached a formal agreement to put an end to the continuation of intra-EU arbitration proceedings under the ECT.
India to get critical mineral access with Australian FTA
2-Jul-2024 MSN
The upgradation of trade agreement between India and Australia will enable greater access to the critical minerals and other capabilities to manage transition to green energy, Australian high commissioner to India Philip Green said.
Dangote Refinery opens opportunity for shipping business, AfCFTA
25-Jun-2024 Business Day
Dangote Refinery is positioning Nigeria for the AfCFTA, which is also creating new trade opportunities between Nigeria and African countries.
Oil giant MOL initiates arbitration process against Croatian state
24-Jun-2024 Hungary Today
MOL has filed a new arbitration case with the International Centre for Settlement of Investment Disputes against the Croatian state.