{"id":5663,"date":"2014-09-02T00:00:00","date_gmt":"2014-09-02T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/09\/halliburton_settles_oil_spill"},"modified":"2022-03-11T13:12:16","modified_gmt":"2022-03-11T19:12:16","slug":"halliburton-settles-oil-spill","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/halliburton-settles-oil-spill\/","title":{"rendered":"Texas-Based Halliburton Settles Oil Spill Lawsuit for $1.1B"},"content":{"rendered":"\n

Halliburton Co. (HAL) has consented to pay $1.1 billion to settle most of the lawsuits related to the massive 2010 oil spill in the Gulf of Mexico. A court must still approve the deal, which covers claims for punitive damages that were filed by the commercial fishing industry and others impacted by the spill. <\/p>\n

BP P.c (BP) Spill victims accused Halliburton, which is based in Houston, Texas, of defective cementing on the Macondo well prior to the spill. Halliburton blamed BP Plc., which was operating the rig. This is Halliburton\u2019s most significant payout related to the spill to date. <\/p>\n

The oil spill occurred when there was an explosion on the Deepwater Horizon drilling rig. Eleven workers died and millions of oil barrels poured out into the gulf. Hundreds of lawsuits against Halliburton, BP, and Transocean Ltd, (RIG) which owned the rig ,soon followed.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Halliburton Co. (HAL) has consented to pay $1.1 billion to settle most of the lawsuits related to the massive 2010 oil spill in the Gulf of Mexico. A court must still approve the deal, which covers claims for punitive damages that were filed by the commercial fishing industry and others impacted by the spill. BP […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740],"tags":[2682],"class_list":["post-5663","post","type-post","status-publish","format-standard","hentry","category-miscellaneous","tag-halliburton"],"yoast_head":"\nTexas-Based Halliburton Settles Oil Spill Lawsuit for $1.1B — Investor Lawyers Blog — September 2, 2014<\/title>\n<meta name=\"description\" content=\"Halliburton Co. 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A — September 2, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Texas-Based Halliburton Settles Oil Spill Lawsuit for $1.1B — Investor Lawyers Blog — September 2, 2014","description":"Halliburton Co. (HAL) has consented to pay $1.1 billion to settle most of the lawsuits related to the massive 2010 oil spill in the Gulf of Mexico. 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