Judgment Issued For Oil Company In Dispute Over Hurricane-Damaged Oil Barge

( January 9, 2025, 2:33 PM EST) -- HOUSTON — A Texas federal judge on Jan. 8 granted in part summary judgment to a gas and oil exploration company in its breach of contract suit against its insurer for failure to cover costs for recovering an oil barge damaged and set adrift during Hurricane Ida, finding that because there is no dispute that removal of the barge was required under law, the protection and indemnity (P&I) policy applies....

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