Halliburton Settles Patent Feud

Halliburton confirmed that it has settled all ongoing patent disputes involving each other's products with ReedHycalog UK, Ltd., Grant Prideco, Inc., ReedHycalog, L.P., and National OilWell Varco. The settlement agreement includes a $30 million payment to ReedHycalog as well as ongoing royalties and a cross-licensing agreement that allows the parties to continue using the products involved in the dispute.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours