PGS and EMGS Settle Patent Disputes

April 14, 2016

Two Norwegian seismic players, Electromagnetic Geoservices (EMGS) and Petroleum Geo-Services (PGS) have entered into an agreement to settle the two companies’ patent disputes. In 2013 and 2014, EMGS filed a lawsuit in the UK and Norway against PGS for patent infringement relating to PGS’ Towed Streamer EM technology and EMGS’s “Refracted Wave Patent” Furthermore, in March 2015, PGS filled a complaint… Continue Reading »


FMC Technologies Takes Ex-Employees to Court

April 8, 2016

FMC Technologies is taking legal action against its four former Norwegian employees and their company Optime Subsea Services, established in alliance with subsea installation player DeepOcean last year. Reportedly FMC claims that Optime’s founders have used FMC knowhow and technology for inventions that they have patents pending. According to one of the founders and CEO… Continue Reading »


US Sues ValueAct Over Halliburton-Baker Hughes Deal Disclosures

April 6, 2016

The U.S. Department of Justice said on Monday it had sued activist investor ValueAct Capital for violating pre-merger notification requirements related to oilfield service provider Halliburton Co’s deal to buy rival Baker Hughes Inc. The lawsuit said ValueAct used its access to senior Halliburton and Baker Hughes executives to formulate the merger and other strategies,… Continue Reading »


Switzerland To Hand Venezuela Oil Firm Bank Records To US

March 31, 2016

In a widening corruption probe into Venezuela’s state oil company by U.S. authorities, Swiss regulators have agreed to provide U.S. prosecutors with records from at least 18 banks relating to the oil firm. The requests for information from two separate U.S. authorities were part of their investigations into alleged money laundering and corruption in connection… Continue Reading »


Israel’s High Court Strikes Down Government Natural Gas Plan

March 30, 2016

Israel’s High Court blocked the government’s controversial proposal to regulate the natural gas industry, in a dramatic ruling that complicates plans to develop the country’s largest field and conclude export deals. The court said late Sunday that it objected to the so-called stability clause that would have prevented major regulatory changes for 10 years, inserted… Continue Reading »


Transocean Defeats US Shareholder Appeal Over Gulf Spill

March 20, 2016

Transocean Ltd on Thursday won the dismissal of an appeal by shareholders accusing the owner of the doomed Deepwater Horizon drilling rig of deceiving them about its safety practices prior to the 2010 Gulf of Mexico oil spill. The 2nd U.S. Circuit Court of Appeals in Manhattan said the lead plaintiff waited two months too… Continue Reading »


McClendon’s Actions Aren’t Uncommon Across US Shale Patch

March 8, 2016

The actions that resulted in former Chesapeake Energy Corp. chief Aubrey McClendon’s indictment aren’t uncommon across the shale patch, lawyers and analysts said. McClendon was charged Tuesday with allegedly violating antitrust laws known as the Sherman Act by coordinating a scheme in which two companies didn’t bid against each other for oil and natural gas leases… Continue Reading »


GC Rieber Wins PGS $9 Mln Claim Case

March 5, 2016

Bergen district court has dismissed claims of €9 million from seismic company Arrow Seismic (now PGS UK) against GC Rieber Shipping’s subsidiary Armada Seismic Invest II (Armada) in connection with the delivery of 3D seismic vessel Polar Duchess. Namely, in 2012 Arrow alleged that Armada had acted negligently when the company took delivery of the… Continue Reading »


Final BP Spill Defendant Cleared Of US Pollution Charge

February 29, 2016

A former BP manager charged with violating U.S. pollution law over the 2010 Gulf of Mexico oil spill was cleared by a New Orleans jury, thwarting federal prosecutors’ last chance to jail someone over the disaster. Robert Kaluza, a well-site manager who wasn’t on duty at the time it exploded, was the last defendant remaining… Continue Reading »


Oceanteam Settles with Sawicon

February 17, 2016

Oceanteam has reached an out-of-court settlement over an IP infringement case related to the Oceanteam ASA – North Ocean vessel series, which was filed against naval architect Sawicon AS in 2011. According to the company’s Oslo-filing, the terms of the settlement are to remain confidential, but Oceanteam said that the settlement will have no negative effect… Continue Reading »

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