Posts Tagged ‘ecuador’

Ivanhoe Energy sells China block to MIE for $45m

by on November 21, 2012 3:52 pm BST
Hong Kong-listed MIE, which holds assets in China, the United States and Kazakhstan, will gain 100% of the foreign contractor's rights at Petrochina’s Dagang production sharing contract in Hebei province, eastern China under the deal.The block held 2.5 million barrels of proven and probable reserves as of 31 December 2011, according

Argentina judge embargoes up to $19 billion of Chevron assets over Ecuador case

by on November 7, 2012 3:22 pm BST
Argentina judge embargoes up to $19 billion of Chevron assets over Ecuador caseBY TAOS TURNER BUENOS AIRES -- Ecuadorean indigenous groups have moved a step closer to collecting on a multi-billion-dollar court award against Chevron after a judge embargoed up to $19 billion of the oil company's assets in Argentina,

Ecuador plaintiffs to sue Chevron in Argentina

by on October 31, 2012 5:22 pm BST
The 2011 judgment against Chevron is one of the biggest rulings for environmental damage and is being tracked closely by the global oil industry, Reuters reported.The source told Reuters that the plaintiffs' legal team would file a lawsuit against Chevron in an Argentine court.Other sources said the legal team

Ecuador appeals Oxy ruling

by on October 10, 2012 11:00 pm BST
The International Centre for Settlement of Investment Disputes (ICSID) on Friday ordered Ecuador to pay the hefty sum to Oxy, the fourth largest US oil company, as a compensation for taking over its assets in 2006."The annulment request has already been filed before the ICSID," a spokesman for the