Aker Covered For Chevron Faulty Repair Costs, 5th Circ. Says

Law360, New York (August 1, 2012, 4:13 PM EDT) -- Oceaneering International Inc. must cover Aker Maritime Inc.'s share of costs for a faulty repair to a Chevron USA Inc. facility in the Gulf of Mexico, the Fifth Circuit ruled Tuesday, the latest twist in a long-running feud over which company is responsible for a share of a $3 million jury award to Chevron for the repair.

In a published decision, the three-judge panel upheld the March 2011 decision of U.S. District Judge Carl J. Barbier, which found that under the terms of a 1991 service agreement...
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