Judge Confirms $615.6M Award Issued Over Terminated Drilling Services Agreement

Mealey's (May 21, 2019, 10:02 AM EDT) -- HOUSTON — A federal judge in Texas on May 17 granted a petition to confirm a $615.62 million arbitral award issued in a dispute over an agreement for drilling services, rejecting petroleum companies’ arguments that the award should be vacated because an arbitrator was biased and holding that the arbitrators did not exceed their power in issuing the award (Vantage Deep Company, et al. v. Petrobras America Inc., et al., No. 4:18-CV-02246, S.D. Texas, 2019 U.S. Dist. LEXIS 83766)....

Attached Documents

Related Sections