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Schlumberger Blasts Hess' Suit Over Oil Well Valve Failures

By Shayna Posses (December 8, 2016, 7:31 PM EST) -- Schlumberger Technology Corp. moved to toss Hess Corp.'s suit over failed underwater safety valves that the oil and gas giant says cost more than $115 million to fix, telling a Texas federal court on Thursday that the litigation has no legs because the valves allegedly failed after the warranty ran its course....

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