In a dispute over Deepwater Horizon documents, the International Association of Drilling Contractors has warned that a court ruling in favor of the Chemical Safety Board would upset decades of precedent governing the offshore oil sector.
Bill Johnson’s ouster was “the most blatant example of corporate deceit that I have witnessed during a long career on Wall Street,” John Mullin III, the former lead director of Progress Energy, said at the time.
The British oil giant said Friday it is withdrawing an appeal of its request for a federal judge to fire Patrick Juneau, the claims administrator of BP’s settlement program, which has paid more than $4 billion to thousands of Gulf Coast businesses and residents who have claimed financial losses after the 2010 Deepwater Horizon disaster.
The Houston firm said this week it is set to sell off its least important assets and plans to either reorganize or sell its main subsea contracting business, which helps oil companies maintain offshore production platforms and pipelines.
The New Jersey State Department of Environemntal Protection filed the lawsuit in 2004, and a state superior judge had been close to a decision this year before Gov. Chris Christie’s office told the court on Feb. 20 it had settled with Exxon.
U.S. District Judge Nanette Jolivette Brown recently ruled that the board had no legal standing to bring the suit and that the energy companies had no legal duty to protect the board from the effects of coastal erosion.
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