Vilnius Regional Court last Thursday approved an amicable agreement signed between Chevron Intellectual Property and Rytis Paliulis on January 15. The Lithuanian thus agreed to transfer, for free, all property and non-property rights to the domain name to the US company.
The website could not be accessed on Monday.
According to information on Linkedin, Paliulis is a project manager with Prodek. The company was a third party to the dispute.
Chevron has recently submitted a bid for rights to explore for shale gas in the 1,800-square-kilometer Šilutė-Tauragė field in western Lithuania. If its bid is accepted, the company will have to invest at least 80 million litas (EUR 23.2m) in exploration of the field.
According to unconfirmed data, Lithuania could have recoverable shale gas reserves of around 100 billion to 120 billion cubic meters.
