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Exxon slammed with lawsuit over climate change category
Oct. 25, 2018
Source: Energy Voice

Exxon slammed with lawsuit over climate change

Supermajor, ExxonMobil has been slammed with a new lawsuit by the New York Attorney General. The lawsuit alleges Exxon of misleading investors about its readiness to overcome the financial challenges posed by climate change to their business. The suit follows a three-year legal fight against Exxon. Spokesman for Exxon, referring to the allegations as baseless, said that the New York AG’s office is yet to find any evidence against Exxon.

TechnipFMC slams trade secret theft lawsuit on McDermott category
Aug. 16, 2018
Source: Energy Voice

TechnipFMC slams trade secret theft lawsuit on McDermott

EPC giant, TechnipFMC has sued Houston-based McDermott International and its newly appointed CEO, Samik Mukherjee for trade secret theft. TechnipFMC has alleged that Mukherjee downloaded thousands of sensitive and confidential documents right before he left his job at TechnipFMC to accept an offer at McDermott. The court has passed a temporary restraining order necessitating McDermott and Mukherjee to return any TechnipFMC documents and their use.

Reliance Naval indicts ONGC category
Aug. 8, 2018
Source: Livemint

Reliance Naval indicts ONGC

Anil Ambani-lead Reliance Naval has filed a lawsuit against E&P major, ONGC for wrongfully terminating a deal and invoking bank guarantee. ONGC refused to take the delivery of an eighth vessel under a supply deal of a dozen vessels. Reliance Naval has asked ONGC for a reimbursement of more than $6.6 million, and another $15.46 million as payment for the support vessel.

Rig boarded by Greenpeace due to drill for Statoil in Arctic category
March 25, 2018

Rig boarded by Greenpeace due to drill for Statoil in Arctic

Greenpeace activists boarded a rig, ‘West Hercules’, which was due to sail to the Arctic to drill prospects for the oil firm Statoil. The drilling unit is being prepared at the Skipavik yard on the west coast of Norway. Along with other environmental groups, Greenpeace has been challenging the verdict of the Norwegian government for continued drilling in the Arctic which violates the citizens’ right to a clean environment.

Cairn Energy tax issue to see its final hearing category
March 14, 2018
Source: Economic Times

Cairn Energy tax issue to see its final hearing

In the year 2014, India had used a two year old legislation to raise a Rs.10, 247 crore retrospective tax demand on a decade old Cairn’s unit in the country. The British firm had initiated an international arbitration challenging the tax demand and the final hearing will begin in August, 2018 in The Hague.

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