Oilfield services provider wins patent damages

The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger N.V., the world's largest oilfield services provider. The 7-2 decision overturned a lower court's ruling that had enforced limits on applying U.S. patent law overseas and reduced by $93.4 million the damages sum that rival ION Geophysical Corp. had to pay for infringing Schlumberger technology that helps find oil and gas beneath the ocean floor.