November 15, 2021
A New York federal judge has granted a BP PLC unit's bid to confirm an arbitral award that dismissed claims by three companies affiliated with deep-water drilling contractor Seadrill seeking compensation after a new U.S. tax law increased their costs by more than $55 million.
October 04, 2021
A trio of companies affiliated with deep-water drilling contractor Seadrill are urging a judge in New York to vacate an arbitral award rejecting their claims against BP for compensation after a new U.S. tax law increased their costs by more than $55 million, saying their contract clearly puts the energy behemoth on the hook.