Ascent Resources plc has lost its case for claims against Slovenia in relation to the 2022 ban on hydraulic stimulation which affected its Petišovci oil and gas joint venture. COSTS The company had taken its case to the International Centre for Settlement of Investment Disputes (ICSID) under the Energy Charter Treaty. The tribunal ruled that […]
Tag: hydraulic stimulation
Ascent notifies Slovenia of further treaty breaches
Ascent Resources plc said it had formally notified the Slovenian Government of further claims of treaty breaches over its hydrocarbon operations in the country. COMMITTED The company refers to the UK-Slovenia Bilateral Investment Treaty (BIT) and the Energy Charter Treaty (ECT). Ascent added that Slovenia’s recent actions include a ban on “holders of mining rights […]
Ascent faces legal block to some gas workstreams in Slovenia
Ascent Resources plc said that, due to a legal amendment, it did not expect to complete certain work relating to hydraulic stimulation of its operating gas wells in Slovenia. LAW AMENDMENTS The company also expects to increase its claim for damages due to a further breach of the Energy Charter Treaty (ECT) and UK-Slovenia Bilateral […]