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 2015 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
Horizon's Sister, Nautilus, Transported via Heavy Lift Vessel A crewman aboard secures a cofferdam Smoke from Deepwater Horizon (Apr 21) Relief Wells & Subsea Containment
Deepwater Horizon in Flames (Apr 20) Louisiana Oilfield Diver, Bruce Padilla, Workers Respond to Oil Spill Jeff Cantrell,VP Elastec/American Marine
71 more images view image library

From the Career Center
Jobs that may interest you
Senior Process Engineer
Expertise: Certification Engineer|Process Engineer|Safety Engineering
Location: Houston
 
Process Engineer
Expertise: Facilities Engineer|HSE Manager / Advisor|Process Engineer|Production Engineering
Location: Freeport, TX
 
Senior Project Manager - Environmental
Expertise: Environmental Engineer|Project Engineer
Location: Pittsburgh
 
search for more jobs