Texas Driller Wins $36M Arbitration Award In BP Contract Row

Law360, New York (October 29, 2012, 1:35 PM EDT) -- Texas oil company Frontier Drilling USA Inc. won a $36 million arbitration award against BP Exploration & Production Inc. in a contract dispute over an oil storage vessel that BP had agreed to charter from Frontier, according to a Friday court filing.

Houston-based Frontier asked a Texas federal court to affirm a July arbitration verdict and the panel’s amended award earlier in October, including more than $36 million in damages and more than $111,000 in arbitrators' fees and costs, which was the outcome of an arbitration...
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