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Gulf Oil Spill

Halliburton Pleads Guilty to Destroying Evidence

Halliburton Co (NYSE:HAL) has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the U.S. Department of Justice said on Thursday.The government said the guilty plea is the third by a company over the spill, and requires the world's second-largest oil field services company to pay a maximum $200,000 statutory fine. Halliburton also made a separate, voluntary $55 million payment to the National Fish and Wildlife Foundation, the Justice Department said.Halliburton also agreed to three years of probation, and to continue cooperating with the criminal probe into the April 20, 2010 explosion of the Deepwater Horizon drilling rig.Court approval of the settlement is required.A Halliburton spokeswoman did not immediately respond to requests for comment.The disaster caused 11 deaths and triggered the largest U.S. offshore oil spill following the rupture of the Macondo oil well, which was 65 percent owned by BP Plc (NYSE:BP). Halliburton had earlier provid...

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  1. Halliburton pleads guilty to destroying Gulf oil spill evidence

    Halliburton Co has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, and will pay the maximum possible statutory fine, the ...

  2. Judge Denies BP Request to Block Payment in Oil Spill Case -Report

    A federal judge in New Orleans Friday denied a request by BP PLC (BP) to block payments linked to a settlement of the Gulf of Mexico oil spill in 2010, the Houston C...

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    BP PLC (BP.LN) now expects to pay more than previously anticipated in compensation for private economic and property damage stemming from the Deepwater Horizon disas...

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    The owner of the oil rig that exploded in the Gulf of Mexico in 2010 says BP (BP) hampered efforts to stop the resulting gusher of oil by misleading government offic...

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