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Latest Halliburton Items
Months of investigation by a presidential commission and other panels have heightened the likelihood that companies involved in the Gulf oil spill will be slapped with criminal charges that could add tens of billions of dollars to the huge fines they already face, legal experts said Thursday.
The Justice Department on Wednesday sued BP Exploration and Production Inc. and eight other companies in the Gulf oil spill disaster in an effort to recover billions of dollars in the largest offshore spill in U.S. history.
The Environmental Protection Agency has subpoenaed energy giant Halliburton, seeking a description of the chemical components used in a drilling technique called hydraulic fracturing
The presidential commission investigating the BP Gulf oil spill, siding with the international energy giant, challenged claims made by lawmakers in Congress that the oil company and others sacrificed safety to cut costs and were largely to blame for the record oil spill.
A personal aide to former President Olusegun Obasanjo was charged Wednesday in a six-count indictment accusing him of laundering money in a case involving massive bribes paid by a former Halliburton subsidiary.
A technician on Thursday challenged BP's claim about how long it would have taken to install an additional number of key devices the oil giant had been warned were essential to prevent a significant gas flow problem in its Gulf well that later blew out.
BP's incoming CEO fired the executive responsible for deep water wells like the one that blew out in the Gulf of Mexico and announced a new unit to police safety practices throughout the company.
In an internal report released Wednesday, oil giant BP PLC blamed itself, other companies' workers and a complex series of failures for the massive Gulf of Mexico oil spill and the drilling rig explosion that preceded it.
BP took some of the blame for the Gulf oil disaster in an internal report issued Wednesday, acknowledging that it misread a key pressure test of the well. But in a possible preview of its legal strategy, the oil giant also pointed the finger at its partners on the doomed rig.