August 19, 2022
ConocoPhillips won approval on Friday to enforce an $8.5 billion arbitral award against Venezuela despite the country ignoring the litigation for more than two years, after a federal judge in Washington, D.C., ruled that Caracas' chances of success in an ongoing annulment proceeding are minimal.
October 21, 2021
ConocoPhillips moved to enforce an $8.5 billion arbitral award against Venezuela after an international committee decided late last month to lift a stay of enforcement and the cash-strapped country's annulment proceedings were suspended.
October 01, 2021
Efforts by ConocoPhillips to enforce an $8.5 billion arbitral award against Venezuela could start heating up after an international committee decided on Wednesday to lift a stay of enforcement, while the cash-strapped nation's annulment petition remains pending.
August 26, 2019
ConocoPhillips on Monday outlined its attempts to serve Venezuela with a suit seeking to enforce an $8.75 billion award, responding to a New York federal court order that asked for details on its efforts.
August 23, 2019
A D.C. federal judge has asked ConocoPhillips to demonstrate the efforts it has made to serve Venezuela with a suit seeking to enforce an $8.75 billion award, saying the suit could be dismissed without prejudice if a response is not given within two weeks.
March 12, 2019
ConocoPhillips has filed a petition in D.C. federal court asking it to enforce an $8.75 billion award handed down by an international tribunal against Venezuela that stems from a dispute over the country's decision to nationalize three oil projects the company had invested in.