Judge Finds Contract Compels Arbitration In Papua New Guinea Petroleum Dispute

Mealey's (April 22, 2020, 2:57 PM EDT) -- HOUSTON — A federal judge in Texas on April 3 granted a motion filed by ExxonMobil Canada Holdings ULC to compel arbitration with investors who were seeking to convert their percentage in the parties’ contract into an interest in a petroleum retention license without ExxonMobil’s consent (ExxonMobil Canada Holdings ULC v. Lasco Development LLC [15], et al., No. 19-1471, S.D. Texas, 2020 U.S. Dist. LEXIS 58920)....

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