Halliburton News

Halliburton Offers Settlements Over Chemical in Wells to Property Owners

Halliburton is offering settlements to dozens of property owners after a chemical compound called ammonium perchlorate showed up in residents’ private wells. The company has offered settlements to 130 plaintiffs involving more than 80 properties in Duncan. As of Oct. …

Halliburton Posts 1Q Loss on Litigation Charges

Halliburton Co. said Monday that it lost money in the first quarter after adding $637 million to the reserve it has to cover litigation over the 2010 Gulf of Mexico oil spill. It’s also in talks to settle most claims …

Halliburton Wins Ruling vs BP Over Gulf Oil Spill

A federal judge on Tuesday said Halliburton Co is not liable for some pollution claims arising from the 2010 Gulf of Mexico oil spill, setting back BP Plc’s effort to hold other companies responsible for part of the $42 billion …

BP Maintains Stance, Entitled to Payment From Halliburton

BP is reiterating claims first made last April that it is entitled to payment from contractor Halliburton Energy Services for expenses and lost profits resulting from the 2010 Deepwater Horizon offshore oil well disaster. BP’s latest filing was made Monday …

BP Faces More Citations, Halliburton Responds

BP was hit with five more safety citations from the U.S. government on Wednesday, while it also received the latest legal salvo from a major contractor, as it continues to deal with fallout from last year’s massive oil blowout in …

BP Says Halliburton Destroyed Gulf Spill Evidence

BP Plc accused Halliburton Co of destroying evidence that the oilfield services company did inadequate cement work on the Gulf of Mexico oil well that blew out last year, and asked a federal judge to punish Halliburton. The accusation, in …

Texas-based Halliburton Must Pay $200M for Defective Bolts

Halliburton Co. said Wednesday that as a result of an arbitration panel ruling, it must pay Barracuda & Caratinga Leasing Co. $200 million related to a claim Barracuda filed against a former Halliburton subsidiary. Before KBR Inc. was spun off …

Supreme Court Reinstates Halliburton Asbestos Liabilities Case

Halliburton Co. suffered a legal setback Monday when the U.S. Supreme Court refused to make it harder for shareholders to proceed with some class-action securities-fraud lawsuits against publicly traded companies. The justices unanimously ruled that a U.S. appeals court erred …