Halliburton Co. (HAL) yesterday filed a lawsuit against BP PLC in Texas state court claiming negligent misrepresentation, business disparagement and defamation related to the April 20, 2010 Macondo incident in the Gulf of Mexico. Halliburton has also moved to amend its claims against BP in the multi-district litigation in New Orleans, Louisiana, to include fraud.
Halliburton alleges that BP provided them with inaccurate information pertaining to the actual location of hydrocarbon zones in the Macondo well before cementing began on April 19, 2010. Halliburton also claims BP has used and omitted that information in subsequent public statements, filings and governmental investigations.
Halliburton says it remains confident that all the work the company performed with respect to the Macondo well was completed in accordance with BP’s specifications, and that Halliburton is fully indemnified under the contract.
The Bureau of Ocean Energy Management (BOEM) has confirmed competitive interest in two offshore wind areas (WEAs) off the southeast Texas coast, following an unsolicited lease request from Hecate Energy...
W&T Offshore, an independent driller operating in the U.S. Gulf of Mexico, has asked a federal judge to block insurance companies' demands for $250 million in additional collateral for taking apart old oil infrastructure.
Europe is starting to find the limit of a decades-long boom in offshore wind.
It can be seen most acutely in the places that have been quickest to build capacity. Countries like Denmark and Sweden are beginning to hit a wall as power prices and incentives drop too low to make building projects worth it. The latest example is a Danish government auction for offshore wind that failed to attract any bids.
December 10, 2024
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