Trinidad High Court Judge Frank Seepersad Says Conoco Can Now Seek Compensation From Any Proceeds From Joint Gas Projects; Court In Trinidad Gives PDVSA 7 Days To Challenge Decision Favoring Conoco
Portfolio Pulse from Benzinga Newsdesk
A Trinidad High Court judge has ruled that ConocoPhillips can seek compensation from any proceeds from joint gas projects. PDVSA has been given 7 days to challenge this decision.
May 30, 2024 | 4:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ConocoPhillips has been granted the right to seek compensation from proceeds of joint gas projects by a Trinidad High Court. PDVSA has 7 days to challenge this decision.
The court ruling in favor of ConocoPhillips allows them to potentially secure compensation from joint gas projects, which could positively impact their revenue. The 7-day window for PDVSA to challenge adds a short-term uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100