On Thursday, Trinidad and Tobago’s High Court reportedly upheld ConocoPhillips’ (NYSE:COP) arbitration claim against Venezuela, potentially freezing payments for joint natural gas projects. In late May, the court’s decision allowed ConocoPhillips to enforce a $1.33 billion claim against Venezuela for past expropriations by seizing compensation from joint energy projects. Judge Frank Seepersad stated in his decision that Venezuela and its state-owned company PDVSA missed the deadline to present their arguments, reported Reuters. Judge Seepersad said in May, when he made his original decision, “The order gives to the claimant a green ...