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John Oliver rips Halliburton for destroying the Gulf of Mexico: They can go eat a bag of dicks

Tuesday night on The Daily Show, host John Oliver blasted oil giant Halliburton over the 2010 Gulf of Mexico spill. After the Deepwater Horizon rig exploded and leaked nearly 5 million barrels of crude oil into the Gulf, Halliburton conducted an internal review and concluded BP was entirely to blame.…

Halliburton pleads guilty to destroying Gulf oil spill evidence

(Reuters) – 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 U.S. Department of Justice said on Thursday. The plea agreement requires court approval, and also requires the Houston-based company to…

Halliburton profit down, sees more growth outside North America

(Reuters) – Halliburton Co , the world’s second-largest oilfield services company, on Monday reported a decline in quarterly profit but said it had more headway outside its home U.S. market, which has been turned upside down by a natural gas glut. Its second-quarter profit fell to $679 million, or 73…

Tens of billions at stake in BP oil spill trial

Tens of billions of dollars will be at stake when BP heads to a US court this month to determine how much it owes for the massiveGulf of Mexico oil spill and how much it can shift to subcontractors. Several government probes have castigated BP, rig operatorTransocean and Halliburton – which was responsible for…

BP must pay some of Halliburton’s Gulf spill costs

WASHINGTON — A US court ordered British oil giant BP Tuesday to pay oilfield services company Halliburton for some of the claims stemming from the massive 2010 Gulf of Mexico oil spill. In a ruling in Louisiana on Tuesday, a federal judge ruled BP must “indemnify Halliburton for third party…

BP sues Halliburton over $42 billion oil spill bill

LONDON (Reuters) – BP has called on contractor Halliburton to pay all costs and expenses it incurred to clean up the 2010 Gulf of Mexico oil spill, which the oil major previously put at around $42 billion. Halliburton cemented the failed well that caused the United State’s biggest offshore oil spill. In a U.S. court filing, BP said…

Archbishop warns of risk of more riots by young

(Reuters) - 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 a BP court filing, raises the stakes ahead of a trial, expected in late February, to…

BP says Halliburton destroyed Gulf spill evidence

(Reuters) - 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 a BP court filing, raises the stakes ahead of a trial, expected in late February, to…

Supreme Court allows class-action fraud lawsuit against Halliburton

WASHINGTON — The US Supreme Court gave the green light Monday to a group seeking to bring a class-action lawsuit against US oil services firm Halliburton for alleged fraud. The nine judges unanimously decided that the plaintiffs, a group of investors, do not need to prove a direct relationship between…

BP sues Gulf rig firm, shifting blame for oil spill

LONDON (AFP) – BP is taking legal action to shift the blame for the Gulf of Mexico oil disaster which devastated the environment and the group’s image a year ago, suing rig operator Transocean for damages of $40 billion (24 billion pounds). The disaster threatened to ruin BP as a…

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