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Andes Petroleum Ecuador Ltd. v. Occidental Exploration and Production Company

  1. February 12, 2024

    Andes, Oxy Resolve $392M Ecuadorian Award Fight

    An Occidental Petroleum unit has resolved its feud with a Chinese-owned oil company over a $392 million arbitral award stemming from an ill-fated Ecuadorian oil project, a case that Occidental was attempting to appeal all the way to the U.S. Supreme Court.

  2. June 15, 2023

    Occidental Can't Convince 2nd Circ. To Nix $392M Award

    An Occidental Petroleum unit on Thursday failed to convince the Second Circuit to vacate a $392 million arbitral award issued to Andes Petroleum Ecuador Ltd. due to an undisclosed relationship between Andes' lead counsel and Occidental's appointed arbitrator.

  3. May 15, 2023

    Occidental Says $558M Award Can't Be Enforced Against It

    Occidental Petroleum urged a New York federal court not to force it to pay a $558.6 million arbitral award issued against a subsidiary, arguing that Andes Petroleum Ecuador's "extraordinary" request ignores "long standing principles of corporate separateness."

  4. January 12, 2023

    Oil Co. Wants Occidental On The Hook For $559M Award

    An oil company is targeting Occidental Petroleum Corp. for a $558.6 million arbitral award even though the award was issued against a subsidiary, telling a New York court on Wednesday that the oil giant has siphoned away the smaller company's assets to frustrate its creditors.

  5. August 12, 2022

    Oil Co. Can Pursue $559M Occidental Award In Calif.

    An oil company looking to enforce a $558.6 million arbitral award against an Occidental Petroleum Corp. unit has been given permission by a New York judge to hunt down its parent company's assets in California, as Occidental continues its efforts to have the award nixed over an alleged conflict of interest.

  6. December 03, 2021

    Chinese Oil Co. Subsidiary Gets $558M From Occidental Deal

    A New York federal judge has ordered Occidental Petroleum Co. to pay over $588 million to the subsidiary of a Chinese state-owned oil company for its share of a $1 billion settlement with Ecuador over an expropriated oil field.

  7. November 15, 2021

    Ecuadorian Oil Co. To Get $392M Award In Occidental Dispute

    A New York federal judge agreed to enforce a $392 million arbitral award issued to Andes Petroleum Ecuador Ltd., rejecting Occidental Petroleum Corp.'s argument of an "ongoing co-arbitrator relationship."

  8. August 23, 2021

    Oil Co. Atty Says He Hid Nothing In $392M Award Case

    Counsel for an oil company looking to enforce a $392 million arbitral award against an Occidental Petroleum Corp. unit is fighting back against allegations that he improperly hid an ongoing relationship with one of the arbitrators, saying he's "outraged" about the attack on his reputation.

  9. May 24, 2021

    Occidental Looks To Nix $392M Award In Ecuador Oil Case

    An Occidental Petroleum Corp. unit will look to vacate a $392 million arbitral award issued to Andes Petroleum Ecuador Ltd. due to an ongoing relationship between its lead counsel and Occidental's appointed arbitrator, who both allegedly hid a separate arbitration where they served as arbitrators.

  10. May 04, 2021

    Chinese-Owned Oil Co. Seeks Its Share Of $1B Ecuador Deal

    An oil company with ties to the Chinese government can seek its share of a nearly $1 billion settlement Ecuador agreed to pay to a subsidiary of Occidental Petroleum Corp. after shutting down a project to explore for oil deep in the country's rainforest, an international tribunal has ruled.

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