U.S. Supreme Court sides with Venezuela over oil rigs claim

Reuters News
Posted: May 01, 2017 10:15 AM

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday ruled against an American oil drilling company that claimed Venezuela unlawfully seized 11 drilling rigs in 2010.

Siding with Venezuela, the justices ruled 8-0, with Justice Neil Gorsuch not participating, to throw out a 2015 decision by the U.S. Court of Appeals for the District of Columbia Circuit that allowed one of the claims made by Oklahoma-based Helmerich & Payne International Drilling Company to move forward.

(Reporting by Lawrence Hurley; Editing by Will Dunham)