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Halliburton to Pay $1 Billion for BP Oil Spill

Monday, 01 September 2014 09:47
Halliburton will pay $1.1 billion for its part in the 2010 oil spill in the Gulf of Mexico. The Houston-based contracting company has been embroiled in multiple lawsuits, from BP and local residents, for its role in the largest oil spill in U.S. history. The spill occurred in April, 2010 when a blowout at BP's Macondo oil well caused an explosion at Transocean's Deepwater Horizon rig just miles off the Louisiana coast.
Halliburton pays $1.1bn to settle Gulf of Mexico suits
Monday, 01 September 2014 08:13
The American contractor that worked for BP (LSE: BP.L - news) on the Deepwater Horizon oil rig has closed its case for $1.1bn - a fraction of BP's fine Halliburton, the American contractor that worked on BP’s Deepwater Horizon oil rig, has agreed to pay $1.1bn to settle most of the lawsuits over its role in the Gulf of Mexico spill.
Halliburton agrees to Gulf spill deal
Monday, 01 September 2014 05:43
Claimants covered by the settlement are principally commercial fishermen and charter boat operators, and owners whose property was physically touched by the oil, as well as other businesses and individuals whose incomes and livelihoods were affected in the two years after the spill. Joe Rice, who was the plaintiffs' lead negotiator in the settlements with Halliburton and BP, said: "There are still many issues yet to be resolved related to responsibility for this tragic event…
Halliburton reaches $1B Gulf oil spill settlement
Monday, 01 September 2014 05:39
NEW YORK (AP) — Halliburton agreed to pay $1.1 billion to settle what it calls "a substantial portion" of plaintiff claims arising from the 2010 BP oil spill in the Gulf of Mexico. The settlement, if approved by a federal court, would allow businesses and property owners who were hurt by the oil spill to collect punitive damages from Halliburton through a fund to be administered by a court-appointed representative.
Halliburton’s to Pay $1.1 Billion for Oil Spill Lawsuits
Monday, 01 September 2014 04:38
Halliburton Co. (HAL)’s agreement to pay$1.1 billion to settle most of the lawsuits over its role in thebiggest U.S. offshore oil spill helps it avoid billions more inpotential penalties down the road. The oilfield services company, accused of doing defectivework on BP Plc (BP/)’s Macondo well before it exploded in 2010,killing 11 men and dumping millions of barrels of crude oil intothe Gulf of Mexico, said today the agreement resolves “asubstantial majority” of its liability…
Plaintiffs' Steering Committee In BP/Deepwater Horizon Oil Spill Litigation Announces Settlement With Halliburton
Monday, 01 September 2014 04:09
NEW ORLEANS, La., Sept. 2, 2014 /PRNewswire/ -- The Plaintiffs' Steering Committee (PSC) spearheading the litigation emanating from the 2010 Deepwater Horizon Oil Spill today announced that it has reached an approximately $1.1 billion settlement with Halliburton Energy Services, Inc. (HESI) stemming from its role in the incident. The settlement, which will be overseen by Judge Carl A. Barbier of the Eastern District of Louisiana, includes two classes of eligible claimants.
Halliburton to settle U.S. Gulf spill claims for $1.1 billion
Monday, 01 September 2014 03:57
(Reuters) - Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010. The settlement, which includes legal fees, is subject to approval by the U.S. District Court for the Eastern District of Louisiana.
Halliburton to settle U.S. Gulf spill claims for $1.1 bln
Monday, 01 September 2014 03:48
(Adds background, shares) Sept 2 (Reuters) - Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010. The settlement, which includes legal fees, is subject to approval by the U.S. District Court for the Eastern District of Louisiana.
Halliburton to Pay $1.1 Billion to Settle Spill Lawsuits
Monday, 01 September 2014 03:15
Halliburton Co. agreed to pay $1.1 billion to settle a majority of lawsuits brought over its role in the largest offshore oil spill in U.S. history. The agreement is subject to court approval and includes legal fees, the Houston-based company said in a statement today. Halliburton was accused by spill victims and BP Plc of doing defective cementing work on the Macondo well before the April 2010 Gulf of Mexico oil spill.
BP plc & Royal Dutch Shell plc Can Help You Play The Oil Price Rebound
Sunday, 31 August 2014 22:20
The oil price has been falling since June, when a barrel of Brent crude hit hit $116. Today, it trades at around $103. It could go lower. Some analysts believe it could hit $90 or $80 a barrel, as supply grows, largely due to the US shale oil and gas revolution, and extra capacity from Libya. I'm not so convinced. If the US recovery continues apace, and Mario Draghi at the European Central Bank escapes…
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