Federal Judge Confirms $14M LCIA Award For Offshore Drilling Companies

Mealey's (March 14, 2018, 11:48 AM EDT) -- HOUSTON — After finding that the court had subject matter jurisdiction under the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, a Texas federal judge on March 12 granted a petition filed by two drilling companies to confirm a $14,028,560.67 London arbitral award issued in their favor and against an energy firm (Transocean Offshore Gulf of Guinea VII Limited, et al. v. Erin Energy Corporation, No. 17-2623, S.D. Texas, Houston Div., 2018 U.S. Dist. LEXIS 39494)....