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Halliburton plea may help BP in spill liability battle

2013-07-26 21:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: BP Plc appeared to gain an edge in the battle over liability for the 2010 Gulf of Mexico spill on Friday, after Halliburton abandoned one of its arguments that tried to paint the British oil company as unconcerned about well safety. Halliburton, which did the cementing work for BP's well, on Thursday pleaded guilty to destroying evidence of internal tests it conducted showing there was no difference between the effectiveness of putting six or 21 casing centralizers on the well. Centralizers...

Tags: battle liability spill plea

 

Halliburton also contacted in antitrust probe of fracturing

2013-07-26 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

FuelFix: Federal officials have contacted Halliburton Co. and Baker Hughes Inc. as part of an antitrust investigation into an oil and gas drilling process used in hydraulic fracturing, or fracking. Halliburton spokeswoman Beverly Blohm Stafford said Thursday that the company received what`s called a civil investigative demand from the Justice Department`s antitrust division during the April-to-June quarter regarding pressure pumping services and is responding to the request. "We understand there have...

Tags: of probe contacted antitrust

 
 

Halliburton Pleads Guilty to Destroying Evidence in Gulf Oil Spill

2013-07-26 13:57:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Halliburton Co has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the U.S. Department of Justice said on Thursday. The government said Halliburton's guilty plea is the third by a company over the spill and requires the world's second-largest oilfield services company to pay a maximum $200,000 statutory fine. Halliburton also agreed to three years of probation and to continue cooperating with the criminal probe into the April 20, 2010, explosion of...

Tags: evidence oil guilty gulf

 

Halliburton Launches $3.3 Billion Tender Offer

2013-07-26 10:15:00| OGI

At closing, Halliburton will determine the lowest price enabling the purchase of up to $3.3 billion in the aggregate of its common stock.

Tags: offer billion tender launches

 

Halliburton admits destroying Gulf oil spill evidence

2013-07-26 04:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Halliburton has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the US department of justice said on Thursday. The government said Halliburton's guilty plea was the third by a company over the spill and would require the world's second-largest oilfield services company to pay a maximum US$200,000 statutory fine. Halliburton also agreed to three years' probation and to continue co-operating with the criminal probe into the 20 April 2010 explosion of...

Tags: evidence oil gulf spill

 

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