financetom
Business
financetom
/
Business
/
Conoco Phillips gets Trinidad Judge to appoint company to seize PDVSA Dragon Gas payments
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Conoco Phillips gets Trinidad Judge to appoint company to seize PDVSA Dragon Gas payments
Sep 28, 2024 12:21 AM

HOUSTON, Sept 27 (Reuters) - Conocophillips ( COP ) on Friday

got a Trinidad court to approve the seizing of payments to

Venezuela for the Dragon Gas offshore gas project when it agreed

to the appointment of an accounting firm as a receiver to go

after the payments.

Judge Frank Seepersad said his decision was made as there is

a risk that PDVSA will move assets from Trinidad's jurisdiction

to avoid paying ConocoPhillips ( COP ), and pointed to PDVSA's

relocation of its European Headquarters to Moscow as an example

of it in the past avoiding its legal obligations.

(Reporting by Curtis Williams in Houston)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SolarEdge Technologies Closes Acquisition of Wevo Energy
SolarEdge Technologies Closes Acquisition of Wevo Energy
Apr 4, 2024
10:11 AM EDT, 04/04/2024 (MT Newswires) -- SolarEdge Technologies ( SEDG ) said Thursday that it has closed the acquisition of an electric vehicle charging optimization and management software startup called Wevo Energy. The terms of the deal were not disclosed. The company said that Wevo is already integrated with its EV chargers, solar inverters and meters, and will also...
Nextracker Insider Sold Shares Worth $440,024, According to a Recent SEC Filing
Nextracker Insider Sold Shares Worth $440,024, According to a Recent SEC Filing
Apr 4, 2024
10:12 AM EDT, 04/04/2024 (MT Newswires) -- Nicholas Marco Miller, Chief Operating Officer, on April 01, 2024, sold 8,355 shares in Nextracker ( NXT ) for $440,024. Following the Form 4 filing with the SEC, Miller has control over a total of 11,114 shares of the company, with 11,114 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1852131/000095010324004876/xslF345X03/dp209393_4-miller.xml Price: 52.66, Change: +0.59, Percent...
Palantir Technologies Insider Sold Shares Worth $454,694, According to a Recent SEC Filing
Palantir Technologies Insider Sold Shares Worth $454,694, According to a Recent SEC Filing
Apr 4, 2024
10:12 AM EDT, 04/04/2024 (MT Newswires) -- Alexander D. Moore, Director, on April 01, 2024, sold 20,000 shares in Palantir Technologies ( PLTR ) for $454,694. Following the Form 4 filing with the SEC, Moore has control over a total of 1,615,519 shares of the company, with 1,615,519 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1321655/000132165524000046/xslF345X03/wk-form4_1712188908.xml Price: 23.26, Change: +0.56, Percent Change:...
Wayfair Insider Sold Shares Worth $335,153, According to a Recent SEC Filing
Wayfair Insider Sold Shares Worth $335,153, According to a Recent SEC Filing
Apr 4, 2024
10:11 AM EDT, 04/04/2024 (MT Newswires) -- Fiona Tan, Chief Technology Officer, on April 01, 2024, sold 5,315 shares in Wayfair ( W ) for $335,153. Following the Form 4 filing with the SEC, Tan has control over a total of 128,333 shares of the company, with 51,095 shares held directly and 77,238 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1616707/000162828024014775/xslF345X03/wk-form4_1712189705.xml Price: 64.78,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved