Halliburton 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.
A 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.
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.
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 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.
The Environmental Protection Agency has subpoenaed energy giant Halliburton, seeking a description of the chemical components used in a drilling technique called hydraulic fracturing.