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News Breaks | | | | December 23, 2012 | | 12:28 EDT |  | COP | Tribunal rules in favor of ConocoPhillips in Ecuador case
ConocoPhillips, wholly owned subsidiary, Burlington Resources,has received a favorable decision in the international arbitration filed against Ecuador. The Tribunal, constituted under the International Centre for the Settlement of Investment Disputes, ICSID, ruled that Ecuador unlawfully expropriated the company’s significant oil investments in Blocks 7 and 21, in violation of the U.S.-Ecuador bilateral investment treaty. The Tribunal also found that Burlington’s investment, expropriated by Ecuador, included the contractual right to be indemnified for the effects of the Windfall Profits Tax. An additional arbitration phase will take place to determine the amount of compensation owed to Burlington for Ecuador’s actions. | |
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News For COP From The Last 14 Days Check below for free stories on COP the last two weeks. |
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| May 21, 2013 | | 16:04 EDT |  | COP | Options Update; May 21, 2013
 Subscribe for More Information | | | 07:22 EDT |  | COP | ConocoPhillips pulls back on plans to sell oil sand assets, Globe and Mail says
Subscribe for More Information | | | May 15, 2013 | | 12:46 EDT | | COP | ConocoPhillips seeing some cost 'softness' that they can benefit from
Subscribe for More Information | | | 08:02 EDT | | COP | FMC Technologies awarded $26M subsea equipment order from ConocoPhillips
Subscribe for More Information | | | 07:33 EDT |  | COP | National Association of Business Economics to hos a conference
Subscribe for More Information | | | May 14, 2013 | | 11:20 EDT | | COP | ConocoPhillips says making 'significant progress' on production, margin growth
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