June 02, 2017
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.
May 08, 2017
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.
February 06, 2017
ConocoPhillips Co. asked a Delaware federal court Friday to reject a bid from U.S. refiner Citgo Petroleum Corp.'s Venezulean-owned parent company to stay a lawsuit over an alleged sham transaction, saying the defendant can't show any hardship to warrant delaying the case.
February 02, 2017
A unit of Venezuela's state-owned oil company that owns U.S. refiner Citgo Petroleum Corp. asked a Delaware federal judge on Wednesday to dismiss a lawsuit brought by ConocoPhillips Co. over an alleged sham transaction, saying the energy company's claims are just a "rehash" of those in three other lawsuits related to the transactions.
January 11, 2017
ConocoPhillips has again sued Latin American gasoline giant Petroleos de Venezuela in Delaware federal court, alleging the state-owned company extracted another $1.5 billion out of its assets in Citgo to make it even harder for companies with arbitral awards against Venezuela to get paid.