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David Lesar

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Halliburton in Gulf spill settlement talks, takes charge

Halliburton Co is in talks to settle private claims against it in a trial to determine how blame should be shared for the 2010 Gulf of Mexico spill, the company said on Monday, and it took a $1 billion pretax charge for a possible deal.The disclosure of the talks helped push Halliburton shares up 3.5 percent. It came just days after the conclusion of court proceedings for the first phase of the trial to settle claims brought by the U.S. government and Gulf Coast states, as well as private parties affected by the worst U.S. offshore oil spill.BP Plc has sought to offload as much blame as possible on to rig owner Transocean Ltd and Halliburton, which performed the cement work on the well.Halliburton Chief Executive Officer David Lesar said the company believed an "early and reasonably valued" resolution was in the best interests of shareholders, and its most recent offer included cash components payable over time as well as stock."Discussions are at an advanced stage but have not yet res...

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  1. Halliburton wins Eni contract in Iraq

    NEW YORK (Reuters) - Halliburton, the No. 2 oilfield services group, said Tuesday it had won a contract from Italian oil company Eni to help develop 20 oil wells in ...

  1. Halliburton in spill settlement talks, takes $1 billion hit

    Halliburton Co said on Monday it was in court-facilitated talks to settle private claims against it in the trial to determine blame for the 2010 Gulf of Mexico spill...

  2. Halliburton 3rd-Quarter Profit Off 12% Amid Pressures at North American Segment

    Halliburton Co.'s (HAL) third-quarter earnings fell 12% as reduced drilling activity in North America and rising costs for materials used in hydraulic fracturing squ...

  3. Halliburton profit falls on subdued U.S., fourth quarter looks tough

    Halliburton Co said its third-quarter profit fell due to inflated raw material costs and a slowdown in U.S. drilling, which showed no signs of picking up as many cli...

  4. Halliburton profit falls on subdued U.S., no bounce yet

    Halliburton Co said third-quarter profit fell due to the high cost of a key ingredient used in its operations and a slowdown in U.S. drilling, which showed no signs ...

  5. Halliburton Net Falls 12%

    Halliburton Co.'s (NYSE:HAL) third-quarter earnings fell 12% as the oil-field services company's North American business remained under pressure from hydraulic fract...

  6. Halliburton 2Q Profit Edges Down on Higher Costs, Pricing Pressure

    Halliburton Co.'s (HAL) second-quarter earnings slipped 0.3% as rising costs and pricing pressures masked the oil-field-services provider's revenue growth, but the c...

  7. Halliburton 1Q Net Income Jumps 23%

    Halliburton Co.'s (HAL) first-quarter earnings rose 23% as the oilfield-services company continued to benefit from the shift of rig activity to oil and liquids-rich ...

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