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Texas High Court Snubs Shell, Amoco Arbitration Appeal

By Steven Melendez ( May 11, 2012, 7:34 PM EDT) -- The Texas Supreme Court declined Friday to hear BP Amoco PLC and Shell Oil Co. affiliates' petition to reinstate an arbitration award against Occidental Petroleum Corp. over environmental liabilities from a $3.75 billion oil-and-gas rights sale after lower courts ruled an arbitrator was improperly conflicted....

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