09:59 AM EST, 03/03/2026 (MT Newswires) -- (Updates with the latest stock move in the headline and first paragraph.)

Venture Global ( VG ) shares were over 9% higher in early Tuesday trading following a Reuters report that a New York state judge rejected a request from Shell (SHEL) to overturn an earlier arbitration ruling.

The ruling reportedly favored Venture Global ( VG ) in a dispute over alleged improper sales of liquefied natural gas.

The report said the judge denied Shell's request, stating that no additional evidence gathering was warranted and that courts must give 'substantial deference' to arbitration decisions.

Justice Joel Cohen wrote that Shell's claim that Venture Global's ( VG ) lawyers misled the arbitration panel was 'pure speculation', adding that the company failed to provide clear and convincing evidence of fraud or misconduct, according to Reuters.

Shell told Reuters that courts are reluctant to challenge arbitral awards but that it believed in the strength of its case and was disappointed with the ruling.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 81.90, Change: -2.33, Percent Change: -2.77