Ascent Resources plc today said it still expected an award towards the end of the first quarter of this year, in relation to its Energy Charter Treaty claim against Slovenia. DELIBERATION The claim, registered with International Centre for Settlement of Investment Disputes (ICSID), is connected with the company’s Petišovci onshore gas joint venture. Ascent added that […]
Tag: International Centre for Settlement of Investment Disputes (ICSID)
WCM vs UK – second arbitrator appointed
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 […]
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 […]
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 […]
Rockhopper loses second Italy payment
Rockhopper Exploration plc will not receive the second tranche payment in its arbitration with Italy which has had the award annulled. INSURANCE The company, focused on the North Falkland Basin, said it intended to make a claim under its October 2024 insurance policy. The proceedings relate to Italy’s 2015 ban on oil and gas exploration within 12 […]
Rockhopper-Italy to work jointly over €247m award
Rockhopper Exploration plc and Italy must work together over the €247m Ombrina Mare award, before the oil and gas explorer is allowed to take legal action. PROVISIONAL STAY The ICSID award relates to compensation from Italy’s ban on oil and gas exploration within 12 miles of the Italian coastline, which affected Rockhopper’s activities. In October […]