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Controversial Ecuador oil deal lets China stake an $80 million claim to pristine Amazon rainforest

2016-01-30 06:42:55| Oil & Gas - Topix.net

Ecuador's President Rafael Correa, left, welcomes Paraguay President's Horacio Cartes during the IV Summit of the Community of Latin American and Caribbean States, CELAC, in Quito on Wednesday, Jan. 27, 2016. Andes Petroleum Ecuador, a consortium of two Chinese state-owned firms - China National Petroleum Corp. and China Petroleum and Chemical Corp. - on Wednesday purchased the rights to explore two oil blocks in the Amazon that cover an area of 500,000 acres.

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International court rules in favour of Chevron in Ecuador pollution case

2016-01-25 01:00:00| Hydrocarbons Technology

The District Court of The Hague has ruled in favour of the US-based Chevron in its legal battle with Ecuador, which sought to nullify several arbitration awards handed down against the country in connection with a long-running dispute over alleged dr

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Acciona and Odebrecht consortium wins $1.5bn metro contract in Ecuador

2015-10-29 01:00:00| Railway Technology

Ecuador's Quito City Council has awarded a $1.5bn contract to a consortium of Spain's Acciona Infrastructure and Brazil's Construtora Norberto Odebrecht to build the second phase of Quito Metro Line 1.

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Court upholds $96M award to Chevron in dispute with Ecuador

2015-08-04 19:58:01| Oil & Gas - Topix.net

A federal appeals court has upheld a $96 million arbitration award to Chevron Corp. stemming from a 1990s-era oil contract dispute with the government of Ecuador. The U.S. Court of Appeals for the District of Columbia Circuit on Tuesday rejected Ecuador's challenge to the 2011 award from the Netherlands-based international arbitration panel.

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U.S. appeals court upholds $96M to Chevron in contract dispute with Ecuador

2015-08-04 19:24:07| Energy - Topix.net

A U.S. appeals court has upheld a $96 million arbitration award to Chevron Corp. stemming from a 1990s-era oil contract dispute with the government of Ecuador. The U.S. Court of Appeals for the District of Columbia Circuit on Tuesday rejected Ecuador's challenge to the 2011 award from the Netherlands-based international arbitration panel.

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