Halliburton Worker Gets Probation for Destroying Well Tests

Jan. 21 (Bloomberg) -- A former Halliburton Co. manager was spared jail for destroying well-testing evidence after BP Plc’s 2010 Gulf of Mexico oil spill. U.S. District Judge Jay Zainey in New Orleans today sentenced Anthony Badalamenti to probation for one misdemeanor count of evidence destruction, Peter Carr, a U.S. Justice Department spokesman, said in an e-mailed … [Read more...]

BP Wants Haliburton to Pay All Costs Related Gulf Oil Spill

BP Plc (BP) said all of its costs and damages from the Deepwater Horizon incident and resulting oil spill in the Gulf of Mexico should be paid by cementing contractor Halliburton (HAL), according to a report by Bloomberg, citing a court filing. Bloomberg says that BP has paid more than $21 billion in cleanup costs and economic damages to individuals, businesses and … [Read more...]

Breaking Precedent: Oil Firms Face Liability Protection Challenges

HOUSTON —The U.S. government broke precedent by issuing citations to contractors Halliburton Co. and Transocean Ltd. in the Deepwater Horizon oil spill, along with rig operator BP PLC. While now facing greater scrutiny from regulators, contractors in the oil-service industry have considerable liability protection to fight the citations and any subsequent fines, legal … [Read more...]

BP Contractors Could Face Fines Over Gulf Oil Spill

By Tennille Tracy, The Wall Street Journal WASHINGTON—The prospect that contractors for BP PLC could be fined by the government over the Deepwater Horizon oil spill is jolting the contracting industry, which traditionally avoided liability in such accidents. U.S. regulators are set to hand out punishments in the Deepwater Horizon case as soon as this week, following … [Read more...]