Financial LiabilityBP is seeking damages in excess of $1.0 billion, as well as interest, costs, and attorneys’ fees.
Legal IssuesVG loses arbitration against BP, a surprise, which raises questions about what was different from the Shell case.
Operational ChallengesThere may be more uncertainty around whether VG’s strategy of selling cargoes while building can continue, potentially lowering profits and project IRRs.