Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Halliburton Pleads Guilty to Destroying Gulf Spill Evidence

change text size

Deepwater Horizon Gulf of Mexico Oil Spill

Reuters

July 25 (Reuters) - Halliburton Co has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the U.S. Department of Justice said on Thursday.

The government said Halliburton's guilty plea is the third by a company over the spill and requires the world's second-largest oilfield services company to pay a maximum $200,000 statutory fine.

Halliburton also agreed to three years of probation and to continue cooperating with the criminal probe into the April 20, 2010, explosion of the Deepwater Horizon drilling rig.

Court approval is required. Houston-based Halliburton also made a separate, voluntary $55 million payment to the National Fish and Wildlife Foundation, the Justice Department said.

Edward Sherman, a Tulane University law professor, said the plea could suggest weakness in Halliburton's position in negotiating a settlement over spill-related liabilities.

"Their willingness to plead to this may also indicate that they'd like to settle up with the federal government on the civil penalties," he said. "It may indicate a softening of their position."

Halliburton confirmed in a statement that it pleaded guilty to the misdemeanor charge and confirmed the plea agreement's terms.


123

View Full Article

Copyright 2014 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Deepwater Horizon Images
Deepwater Horizon Sinking (Apr 22) Macondo Oil Leak Oil Spill Response Operation Deepwater Horizon in Flames (Apr 20)
A crewman aboard secures a cofferdam Dark clouds of smoke & fire emerge Donnie Wilson, CEO of Elastec Inc. Workers Respond to Oil Spill
71 more images view image library

From the Career Center
Jobs that may interest you
SH&E Representative
Expertise: Safety Training Rep
Location: Dumas, TX
 
Business Development Manager
Expertise: Business Development, Client Representative, Regulatory Compliance
Location: Arvada, CO
 
TPM Manager - Ellwood City, PA Job
Expertise: Logistics Coordinator, Supply Chain Management
Location: Ellwood City, PA
 
search for more jobs