Schlumberger Wins in US Supreme Court on Patent Damages
The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider.The 7-2 decision overturned a lower court's ruling that had enforced limits on applying U.S. patent law overseas and reduced by $93.4 million the damages sum that rival ION Geophysical Corp had to pay for infringing Schlumberger technology that helps find oil and gas beneath the ocean floor. Both companies are based in Houston.The decision expands the ability of patent
Schlumberger Fights to Boost Patent Damages at US Supreme Court
The U.S. Supreme Court on Monday appeared divided over whether to make it easier for companies to recoup profits lost due to the unauthorized use of their patented technology overseas in a dispute involving Schlumberger NV, the world's largest oilfield services provider.The nine justices heard about an hour of arguments that will resolve the amount of money that rival ION Geophysical Corp must pay for infringing Schlumberger technology that helps search for oil and gas beneath the ocean floor. Both companies are based in Houston.Some justices, including conservative Justice Neil Gorsuch and
US Supreme Court to Hear Schlumberger Fight over Patent Damages
The U.S. Supreme Court on Friday agreed to review a bid by Schlumberger NV, the world's largest oilfield services provider, to allow companies to recoup profits lost due to patent infringement when patented technology is used overseas. The case involves a fight over how much rival ION Geophysical Corp must pay for infringing Schlumberger technology that helps search for oil and gas beneath the ocean floor. The justices will hear Schlumberger's appeal of a lower court ruling that barred it from recovering more than $93 million stemming from foreign contracts the company said it lost as a
Colombia Moves to Salvage Treasure from Spanish Shipwreck
Sea Search Armada, a U.S.-based salvage company, which said in 1981 it had located the area where the ship sank. The company and the government agreed to split any proceeds from the wreckage, but the government later said all treasure would belong to Colombia, a view that was backed by a U.S. court in 2011. (Reporting by Helen Murphy; Editing by Cynthia Osterman
Spanish Treasure Galleon San Jose Found - Colombia
Bogota over ownership of the wreck. SSA said in 1981 it had located the area in which the ship sank. SSA and the government were partners back then and following international custom, they agreed to split any proceeds. The government later said any treasure would belong to Colombia. In 2011 a U.S. court declared the galleon property of the Colombian state. (Reporting by Helen Murphy; Editing by Sandra Maler
U.S. Court Finds WesternGeco Patents Valid
The U.S. Court of Appeals for the Federal Circuit recently affirmed the 2014 judgment that ION Geophysical Corp. infringed four seminal WesternGeco LLP patents covering streamer steering technology for marine seismic surveys, and that WesternGeco is the rightful owner of the pioneering technology. In 2009, WesternGeco filed suit for patent infringement against ION's DigiFIN streamer steering system in U.S. federal court in Houston, Texas. ION was found to infringe one patent on summary judgment, and a 2012 jury found that ION infringed three more WesternGeco patents and rejected all of
Shell's US Arctic Policy an 'Ongoing Gamble': Greenpeace Analysis
; in the company’s Arctic programme, Shell announced, on 30 January 2014, a forced reversal of its intention to return to the Chukchi Sea in the summer of 2014. The main factor cited by Shell for its decision to pause its offshore Arctic drilling programme yet again was a decision by the US Court of Appeals for the Ninth Circuit. On 22 January 2014, the court found in favour of Alaska Native and conservation organisations in their challenge to the environmental analysis underlying the US government’s decision to sell leases, including those owned by Shell, in the Chukchi Sea. The plaintiffs
American Investors and Colombian Government Battle over $17 Billion Treasure Salvage
A group of investors sued the Colombian government for preventing American salvage group Sea Search Armada from recovering San Jose, a ship that sank in 1708, often referred to as the “Holy Grail of Shipwrecks.” With numerous court rulings throughout the years, the battle has lasted since 1979. In a case filed March 29 with the Inter-American Commission on Human Rights (IACHR), a group of American investors claimed the government of Colombia violated their human rights by preventing them from salvaging their jointly owned property, a Spanish galleon sunk in 800 feet of water near
February 2024
