Primeline Energy Sends Chinese Companies Notice Of Arbitration

(June 10, 2016, 10:10 AM EDT) -- HONG KONG — An energy firm on June 9 announced that it has sent two Chinese entities a formal notice of its intent to commence arbitration against them.

Primeline Energy Holdings Inc. said in a news release that it has given China National Offshore Oil Corp. (CNOOC) and CNOOC China Limited (CCL) (collectively, the CNOOC Group) formal notice of the commencement of arbitration pursuant to a petroleum contract for Block 25/34. On May 24, Primeline announced that it had notified the CNOOC Group of its intent...
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