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LNG construction blowouts turns to bonanza for dispute lawyers

2015-07-05 19:26:24| Oil & Gas - Topix.net

Australia's liquefied natural gas sector is set to be swamped by a multibillion-dollar wave of disputes between producers and contractors over liability for cost blowouts and delays, as the slump in resources investment and commodity prices sharpens appetites to claw back funds. Chevron's overbudget $US54 billion Gorgon LNG venture, Santos' $US18.5 billion GLNG project, and Inpex Corporation's $US34 billion Ichthys project in Darwin are among those understood to be the subject of arguments over responsibility for contract variations that have had an impact on the entire supply chain.

Tags: construction lawyers turns dispute

 

LNG construction blowouts turns to bonanza for dispute lawyers

2015-07-05 18:35:48| Energy - Topix.net

Australia's liquefied natural gas sector is set to be swamped by a multibillion-dollar wave of disputes between producers and contractors over liability for cost blowouts and delays, as the slump in resources investment and commodity prices sharpens appetites to claw back funds. Chevron's overbudget $US54 billion Gorgon LNG venture, Santos' $US18.5 billion GLNG project, and Inpex Corporation's $US34 billion Ichthys project in Darwin are among those understood to be the subject of arguments over responsibility for contract variations that have had an impact on the entire supply chain.

Tags: construction lawyers turns dispute

 
 

LightSquared asks FCC to help it settle GPS dispute

2015-07-02 02:00:00| Total Telecom industry news

Would-be LTE wholesaler confident it can reach a 'reasonable business compromise' with Deere, Garmin, Trimble.

Tags: gps dispute asks settle

 

Cheil Industries vows more dividends amid merger dispute

2015-06-30 14:18:54| Electronics - Topix.net

By Suk Gee-hyun Cheil Industries announced Tuesday that it will increase dividend payouts to investors in an apparent attempt to win over stakeholders' approval of its proposed merger with Samsung C&T. In a bid to sway shareholders, Cheil Industries, the de facto holding company of Samsung Group, called an impromptu investor relations session in Seoul to announce that the payout ratio would gradually be raised to 30 percent by 2020 from 21 percent in 2014.

Tags: industries dispute merger dividends

 

Cheil Industries vows more dividends amid merger dispute

2015-06-30 12:42:40| Chemicals - Topix.net

By Suk Gee-hyun Cheil Industries announced Tuesday that it will increase dividend payouts to investors in an apparent attempt to win over stakeholders' approval of its proposed merger with Samsung C&T. In a bid to sway shareholders, Cheil Industries, the de facto holding company of Samsung Group, called an impromptu investor relations session in Seoul to announce that the payout ratio would gradually be raised to 30 percent by 2020 from 21 percent in 2014.

Tags: industries dispute merger dividends

 

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