Halliburton seeking settlement over Gulf oil spill

[TexasTowelie]

Source: AP

NEW ORLEANS (AP) — BP's cement contractor on the drilling rig that exploded in the Gulf of Mexico in 2010 announced Monday that it is trying to negotiate a settlement over its role in the disaster, a focus of trial testimony that ended last week.

Halliburton Chief Financial Officer Mark McCollum said during a conference call to discuss first-quarter earnings that talks were at an "advanced stage." The Houston-based company says it hopes court-facilitated negotiations will resolve a substantial portion of private claims it has faced since the Deepwater Horizon rig blast spawned the nation's worst offshore oil spill.

"We are working hard to come to a reasonable settlement that would be in the best interest of our shareholders," Halliburton president and CEO Dave Lesar said on the same call.

Testimony ended last Wednesday for the first phase of a trial over London-based BP PLC's Macondo well blowout. The April 20, 2010, blowout triggered an explosion that killed 11 workers and spilled millions of gallons of oil into the Gulf.

Read more: http://www.mywesttexas.com/statenation/article_ba709d12-abbd-11e2-b37d-0019bb2963f4.html

[sakabatou]

1. No settlements. I want to see their asses in JAIL.

Yeah right, as if I'll see that.

[Brimley]

2. So, how much does Halibuton want to be paid?

[ReRe]

3. "Criminal defendant Halliburton, an evil American Corporation, ....

... on it's knees begging plaintiff evil Criminal Multinational Corporation, BP, to settle out of court." I hope they tear each other limb from limb, because The People will never see a cent of it.

[ashling]

4. By all means, anything for

the best interest of Halliburton's shareholders.

[lonestarnot]

5. So do we settle with corporate terrorists?