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ConocoPhillips Petrozuata B.V. et al v. Petroleos de Venezuela S.A. et al

  1. February 21, 2018

    3rd Circ. Ruling Can't Doom Venezuela Case, Oil Giant Says

    ConocoPhillips Co. and subsidiaries of Venezuela's national oil company clashed on Tuesday over the effect of a recent Third Circuit ruling preventing the Delaware subsidiary of Venezuela's national oil company from being sued to collect a $1.39 billion arbitral award, with the parties at odds over whether the decision means their dispute over the country's seizure of oil project assets must be dismissed or simply restarted. 

  2. January 11, 2018

    Crystallex Seeks 3rd Circ. Redo In $1.4B Venezuela Mine Row

    Canadian mining company Crystallex said Wednesday it will ask the Third Circuit to reconsider a ruling that it cannot sue the Delaware subsidiary of Venezuela's national oil company to collect a $1.39 billion arbitral award over a canceled mining contract, saying lower courts are split on whether the subsidiary was wrongly targeted.

  3. June 02, 2017

    Judge Consolidates ConocoPhillips Suits Against Venezuela

    A Delaware federal judge on Thursday consolidated a pair of lawsuits from ConocoPhillips Co. affiliates accusing the Venezuelan government of trying to evade a potential arbitration award by shifting assets owned by its state oil company out of the United States.

  4. May 08, 2017

    Crystallex To Fight PDVSA's Escape From $1.4B Arbitral Row

    Days after Canadian mining company Crystallex saw Venezuela's state-owned oil company dismissed from its suit seeking to stop the South American company from evading a $1.4 billion arbitral award, Crystallex told a Delaware federal judge Friday that it will allege that the oil company has sufficient U.S. contacts to merit jurisdiction.

  5. April 12, 2017

    ConocoPhillips Slams Immunity Bid By Venezuela's Oil Co.

    ConocoPhillips Co. has fired back against an attempt by Venezuela’s state-owned oil company to shirk its lawsuit attempting to secure billions of dollars of assets amid ongoing international arbitration proceedings, arguing Petroleos de Venezuela SA can’t claim sovereign immunity because of the facts of the case.

  6. March 27, 2017

    Venezuela's Oil Co. Tries To Shake ConocoPhillips Row

    Venezuela's state-owned oil company asked a Delaware federal judge Monday to toss ConocoPhillips Co.'s lawsuit attempting to secure billions of dollars of assets amid ongoing international arbitration proceedings, claiming immunity from the suit under the Foreign Sovereign Immunities Act.

  7. January 09, 2017

    Del. Judge Urged To Reverse Course For Conoco Fraud Row

    Units of state-owned oil giant Petroleos de Venezuela SA urged a Delaware federal judge on Friday to dismiss ConocoPhillips Co.'s suit alleging they used junk bonds to fund a hefty dividend meant to judgment-proof Venezuela's government, calling his decision to not toss a similar suit radical and wrong.

  8. December 05, 2016

    US Units Want Pause In Suit Against Venezuela's Oil Arm

    U.S. subsidiaries of Venezuela's state-owned oil company on Monday asked a Delaware federal judge to pause ConocoPhillips' lawsuit over alleged fraudulent transfers, which the oil giant claims were aimed at avoiding payment on anticipated arbitral awards, during a related appeal.

  9. October 06, 2016

    ConocoPhillips Sues Venezuela's Oil Arm Over Asset Dumps

    ConocoPhillips sued state-owned Latin America gasoline giant Petroleos de Venezuela SA and Citgo Petroleum Corporation in Delaware federal court on Thursday, alleging PDVSA's attempts to sell its Citgo assets is a scheme to defraud creditors.

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