EU investigates oilfield service firms merger

An in-depth investigation into the proposed takeover of an oilfield service supplier by its rival has been launched. The European Commission said it will assess whether the purchase of Baker Hughes by Halliburton would impede effective competition. Both the US firms supply a broad range of tools and services for drilling and evaluation as well […]

Halliburton agrees $1.1bn Gulf oil spill settlement

Halliburton Corporation said it has reached a $1.1 billion (£0.7bn) settlement for claims related to its role in BP’s 2010 oil spill in the Gulf of Mexico. The company, said to be North America’s major oil services provider, was contracted by BP to cement the Mocando oil well in the event of a disaster. The […]

BP Deepwater trial delayed a week

British oil giant BP’s trial over the damages for the Deepwater Horizon disaster in April 2010 has been delayed by a week. The US District Court case was due to start in New Orleans today but has been pushed back to Monday 5 March to give BP more time to reach a settlement with the […]

BP pays more as Halliburton wins and loses

BP, the firm at the centre of the Deepwater Horizon environmental disaster, has been ordered to protect contractors Halliburton from third party compensatory claims, which means BP will be forced to pay the majority of the clean-up costs. Halliburton, which provided cementing services for the Macondo well that leaked the biggest oil spill in US […]

BP "ultimately responsible" for Gulf of Mexico oil rig

The Gulf of Mexico disaster on April 20, 2010 was caused by several “failures” by BP and its partners, finds the final report from US authorities. The report, which was dedicated to the 11 crew members who died in the accident, says that “it is clear that increased vigilance and awareness by BP, Transocean and […]

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