Trinidad and Tobago's High Court reaffirmed its decision on Thursday to recognize U.S. oil producer ConocoPhillips' arbitration claim against Venezuela. This ruling allows ConocoPhillips to potentially freeze payments to Venezuela from joint natural gas projects,...
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ConocoPhillips Secures Trinidad Court Ruling, Threatening Venezuela’s Natural Gas Proceeds
ConocoPhillips has won a favorable court ruling in Trinidad and Tobago, enabling the company to enforce a $1.3 billion arbitration award against Venezuela. This development, reported by Reuters on May 29, has raised concerns over the potential impact on natural gas...
Tobago Oil Spill Spreads Across Caribbean, Reaching Bonaire and Raising Concerns for Aruba and Curaçao
An oil spill originating from a capsized barge near Tobago has spread across the Caribbean Sea, reaching Bonaire and raising concerns for nearby islands like Aruba and Curaçao. The incident, first reported in early February 2024, has already caused significant damage...