Loading...
Market
What will be the outcome of the court's decision on the Dragon Gas payments seizure by June 30, 2025?
3
Resolution / Starting Odds
ConocoPhillips receives full payment • 25%
ConocoPhillips receives partial payment • 25%
ConocoPhillips receives no payment • 25%
Settlement reached between ConocoPhillips and PDVSA • 25%
Court records, official announcements from ConocoPhillips, PDVSA, or Trinidadian authorities
Story
ConocoPhillips Wins Court Approval to Seize PDVSA Dragon Gas Payments
Sep 27, 2024, 06:48 PM
ConocoPhillips has secured approval from a Trinidad court to seize payments to Venezuela's PDVSA for the Dragon Gas offshore project. The court's decision includes the appointment of an accounting firm as a receiver to manage the seizure of Dragon Gas payments. This move was justified by the judge due to concerns that PDVSA might relocate assets from Trinidad to avoid payment obligations to ConocoPhillips.
View original story
Similar markets
Bid fully denied • 25%
Bid partially granted • 25%
Bid fully granted • 25%
Case delayed beyond timeframe • 25%
Bulgargaz wins • 25%
Gazprom wins • 25%
Settlement reached • 25%
Case unresolved • 25%
Guilty with similar or harsher sentences • 25%
Guilty with more lenient sentences • 25%
Not guilty • 25%
Case dismissed • 25%
Wage increase • 25%
No change in wages • 25%
Improved working conditions • 25%
Other • 25%
Verdict Upheld • 25%
Verdict Overturned • 25%
Sentence Reduced • 25%
New Trial Ordered • 25%
Permanently seized • 25%
Released back to original owners • 25%
Partially seized, partially released • 25%
Other outcome • 25%
Appeal successful • 25%
Appeal denied • 25%
Settlement reached • 25%
No further action • 25%
Appeal Successful • 25%
Appeal Partially Successful • 25%
Appeal Unsuccessful • 25%
No Appeal Filed • 25%
No new legal actions • 25%
Court rules in favor of MSF • 25%
Court rules against MSF • 25%
Settlement reached • 25%
