Brazilian Companies' Petitions For Rehearing Denied In $615M Drilling Award Row

Mealey's (August 31, 2020, 2:01 PM EDT) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel on Aug. 28 denied three Brazilian petroleum companies' petitions for rehearing and rehearing en banc of the panel's recent opinion affirming a district court's confirmation of an approximately $615.6 million arbitral award against them for a deepwater drilling contract dispute that the oil companies had argued used the wrong standard of review and would create an intracircuit split (Vantage Deepwater Co., et al. v. Petrobras America Inc., et al., No. 19-20435, 5th Cir.)....