Japan’s Inpex (TYO:1605) has filed a claim for $975 million against South Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) relating to the construction of a floating production storage & offloading (FPSO) vessel for its Ichthys LNG project in Australia.
Around 100 people whose homes were damaged in a deadly explosion in the Chinese port of Tianjin have gathered for a protest to demand compensation from the government.
A challenge by BP over a settlement agreement following the 2010 Gulf of Mexico oil spill has been rejected by the US Supreme Court.
The oil major had claimed the deal allowed certain businesses to get payouts, despite being unable to trace their losses to the disaster.
The court’s refusal to hear the appeal by BP means that it will have to continue making payments as it deals with the aftermath of the explosion four years ago.
