Oil Equipment & Services

McDermott International, Inc. is protesting the Internal Revenue Service’s proposed unfavorable tax adjustments related to the 2001 through 2003 tax years.

The Company was advised in 2006 by the IRS of the proposed adjustments.

The Company reviewed the IRS positions and…

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…