Halliburton, Baker Hughes Abandon $34B MergerThe Justice Department says two companies crucial to the business of U.S. energy exploration have abandoned their planned $34 billion merger.
Halliburton Pays More Than $18 Million In Back OvertimeHalliburton has agreed to pay almost $18.3 million in back overtime to more than 1,000 employees to settle a wage and hour case brought by the U.S. Labor Department.
Halliburton Reaches $1.1B Gulf Oil Spill SettlementHalliburton says it has agreed to pay $1.1 billion to settle a substantial portion of plaintiff claims arising from the 2010 Gulf of Mexico oil spill.
Halliburton Manager Gets Probation In Gulf SpillA former Halliburton manager was sentenced Tuesday to one year of probation for destroying evidence in the aftermath of BP's massive 2010 oil spill in the Gulf of Mexico.
People Close To Case: Gulf Oil Spill Trial Delayed A federal trial over the nation's worst offshore oil disaster has been delayed for a week to allow more time for settlement talks, according to two people close to the case.
BP Faces Billions In Fines As Spill Trial Nears On the cusp of trial over the catastrophic 2010 oil spill in the Gulf of Mexico, phalanxes of lawyers, executives and public officials have spent the waning days in settlement talks. Holed up in small groups inside law offices, war rooms and hotel suites in New Orleans and Washington, they are trying to put a number on what BP and its partners in the doomed Macondo well project should pay to make up for the worst offshore spill in U.S. history.
BP Settles With Maker Of Failed Blowout PreventerBP said it was "in their mutual best interests, and the agreement is not an admission of liability by either party." The companies are dropping all claims against one another, they said.
EPA Subpoena Seeks Halliburton "Fracking" InfoThe Environmental Protection Agency has subpoenaed energy giant Halliburton, seeking a description of the chemical components used in a drilling technique called hydraulic fracturing.