Rowan Companies, Inc. intends to defend and prosecute its rights under the contract relating to the construction of the Company’s fourth Tarzan Class jack-up rig, the J. P. Bussell, which was originally subcontracted to Signal International LLC.
The rig was scheduled…
Noble Corp.’s wholly owned indirect subsidiary, Noble Asset Company Ltd., continues to pursue contractual indemnification against liability for Indian customs duty and related costs and expenses against a rig’s previous owner in arbitration proceedings in London, which proceedings the parties…
Everest Re Group, Ltd. is cooperating with the state regulators from Delaware and Georgia in their investigations into the Company’s insurance subsidiaries.
No further details were disclosed regarding these investigations in the Company’s latest quarterly report filed with the U.S.…
Trial on the merits of the lawsuit filed by MOSH Holding, L.P. against Pioneer Natural Resources Co. and its principal U.S. subsidiary, Pioneer Natural Resources USA, Inc., is scheduled for December 2008.
The Judicial District Court of Harris County, Texas, on…
Everest Re Group, Ltd. continues to cooperate with the U.S. Securities and Exchange Commission in its investigation regarding Everest Reinsurance Holdings, Inc.’s loss mitigation insurance products.
In May 2005, the Company’s subsidiary, Holdings, received and responded to a subpoena from…
Everest Re Group, Ltd. estimates that at June 30, 2008, the total cost to replace all annuities for which it was contingently liable in its business arrangement with The Prudential Insurance Company of America was US$174 million.
In 1993 and prior,…
Pioneer Natural Resources Equatorial Guinea Limited, a wholly owned subsidiary of Pioneer Natural Resources, has agreed to settle the dispute with Roc Oil (Equatorial Guinea) Company, Atlas Petroleum International Limited and Osborne Resources Limited, according to Roc Oil Co Ltd’s…