Abstract

The international oil and gas industry still dominates the energy markets, in practically all regions the world and along the way plays a prominent role in the global economy. The process and technology utilized in the exploration, development, production, and transportation of oil and gas are complex, immensely expensive, and capital intensive. The associated transnational commercial disputes, among the various stakeholders, are contractually and legally complicated and involve a huge sum of claims, often leading to protracted and costly proceedings. This paper captures these intriguing ...