West Cumbria Mining (Holdings) Ltd and its investors’ legal dispute against the British Government over quashed plans for a deep coal mine in Cumbria has had a second arbitrator appointed. PENDING Appointed on 21 October 2025, Sean Murphy joins Michael Pryles, in the first arbitration against the UK, at the International Centre for Settlement of […]
Legal
Ascent applies to enforce €7.8m Slovenia payment
Ascent Resources plc has filed a court application to enforce the “binding” award, of an increased amount of some €7.8 million in historic hydrocarbon production proceeds, from its former Slovenian partner. INVOICES The dispute arose from Geoenergo d.o.o.’s insolvency in January 2024, following arbitration over the partners’ previous Petišovci onshore gas joint venture. The company’s […]
Rockhopper receives full €31m Italy insurance
Rockhopper Exploration plc has received the full €31 million insurance arranged to protect the company against an unsuccessful outcome in the Ombrina Mare oil field arbitration. CLARITY In June, the company lost the second tranche payment in its dispute with the Italian Government, during proceedings at the International Centre for Settlement of Investment Disputes (ICSID). The arbitration […]
Capricorn doubts full $30m Waldorf payment
Capricorn Energy plc said it was unlikely to receive the full $29.5 million from its sale of the Catcher and Kraken oil fields, following court refusal of the purchaser’s restructuring plan. DISCUSSIONS The 2021 sale, amended in 2023, to Waldorf Production UK plc was part of Capricorn’s acquisition of a 25% non-operated interest in the […]
Chrysaor fined £150,000 for vent breaches
Chrysaor, which merged with Premier Oil to form Harbour Energy plc, has been fined £150,000 for vent breaches after exceeding its consent by more than 145 tonnes. ARMADA The company also failed to inform industry regulator the North Sea Transition Authority of the breach for seven months. On fining the company, NSTA today said that […]
Rockhopper confident of €31m Italy insurance
Rockhopper Exploration plc could be in line for €31 million from its insurance policy relating to the Ombrina Mare arbitration. TRIGGER The dispute followed the Italian Government’s ban on oil and gas exploration within 12 miles of the country’s coastline, which affected the company’s activities in the oil field. Rockhopper took out insurance in October […]