Oil Co. Must Fork Over $14M To Transocean Cos., Judge Says

Law360 (March 12, 2018, 6:53 PM EDT) -- Two Nigerian units of Transocean won confirmation of over $14 million in arbitration awards against an oil and gas exploration company over allegedly unpaid work on a drilling contract, with a Texas federal judge holding Monday that there is no basis to vacate or alter the awards.

Chief U.S. District Judge Lee H. Rosenthal granted Transocean Offshore Gulf of Guinea VII Ltd. and Indigo Drilling Ltd.’s motion to enforce a London Court of International Arbitration consent award of about $14 million plus interest, as well as...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.