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ExxonMobil Canada Ltd. et al v. Polygon PNG, L.P. et al
Case Number:
4:18-cv-00884
Court:
Nature of Suit:
896(Other Statutes: Arbitration)
Judge:
Firms
Companies
Sectors & Industries:
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May 09, 2018
Exxon Ends Arbitration Fight After Exit From $73M Oil Row
ExxonMobil Corp. has dropped its Texas federal court suit to escape arbitration with investors who claim they dumped $73.2 million into a failed project to explore for oil in Papua New Guinea, after the investors voluntarily dropped the company from international proceedings last week.
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March 21, 2018
ExxonMobil Says It Doesn't Belong In Investors' $73M Oil Row
ExxonMobil Corp. asked a Texas federal judge on Tuesday for help staying out of arbitration proceedings launched by investors who dumped $73.2 million into a Singaporean company's botched oil exploration project in Papua New Guinea, telling the court it passed any liability on to a Canadian affiliate.