arbitration

DEPA, Greece’s state-controlled gas supplier, is locked in a dispute with Russian energy giant Gazprom over the pricing terms of their natural gas supply contract. Soaring energy prices across Europe, fueled by the ongoing war in Ukraine, have significantly impacted the deal’s viability. DEPA is seeking a retroactive price reduction and relief from future payments through arbitration.

Chevron’s proposed $53 billion takeover of Hess Corporation’s stake in the lucrative Stabroek oil block has hit a major snag. Exxon Mobil, the current operator of the block, surprised everyone by filing for arbitration, claiming they have the first right to buy Hess’s stake.

The long-running dispute between Libya’s state-owned National Oil Corporation (NOC) and the United Arab Emirates-based Trasta Energy over the Ras Lanuf oil refinery is set to resume before an arbitration…