Statoil Drops Out Of Suit Against Oil Rig Engineering Cos.

By Christopher Crosby ( January 5, 2018, 4:49 PM EST) -- A Statoil unit on Thursday dropped out of a Texas federal lawsuit over a failed Chevron oil rig after several of the companies that designed it were able to shrug off some claims last summer, a move that comes as the insurance companies that underwrote the project took a first step toward appealing that decision....

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