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-0.000258264462809866 -0.000501033057851173 0.000516528925619916 0.00102789256198346 0.000516528925619916 -0.00387396694214872 -0.00103305785123965 -0.00103305785123965
Stock impact report

Ecopetrol (EC) Wins Dispute, Awarded McDermott Share Capital [Yahoo! Finance]

Archrock, Inc. (AROC) 
Last archrock, inc. earnings: 2/19 07:16 pm Check Earnings Report
US:NYSE Investor Relations: archrock.com/aroc
Company Research Source: Yahoo! Finance
Reficar will receive the convertible preferred shares under a financial restructuring plan proposed by the Chicago Bridge and Iron Company (“CB&I”), which was approved by the District Court of Amsterdam in the Netherlands. Reficar has been part of a prolonged international dispute, which is related to the facility's renovation. In 2016, Reficar sought arbitration proceedings against CB&I, which is a subsidiary of McDermott International. Reficar raised allegations against CB&I, accusing it of doubling construction costs during the renovation. In addition, CB&I was accused of certain failures as per the engineering, procurement and construction contract. In September of the previous year, Reficar also sought intervention from a U.S. federal judge to freeze certain assets of the CB&I. The intervention followed the ruling of the International Chamber of Commerce in 2023, asking CB&I to pay more than $1 billion in compensation to Reficar after a judge ruled in favor of the refinery in Show less Read more
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