Halliburton Co is in talks to settle private claims against it in a trial to determine how blame should be shared for the 2010 Gulf of Mexico spill, the company said on Monday, and it took a US$1-billion pretax charge for a possible deal.
Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are facing their day in court.
The trial over the worst U.S. offshore oil spill is set to start Monday morning in New Orleans before a federal judge and without a jury. Few expect the case, seen lasting several months, will be decided by the judge.
Reuters reports that Alabama’s attorney general Troy King is suing BP Plc (BP), Transocean (RIG) and Halliburton (HAL) for “catastrophic harm” caused by the Gulf of Mexico oil spill.
“We are making this claim because we believe that BP has inflicted catastrophic harm on the state,” Mr.
BP Plc faces billions of dollars in additional payments after failing again to convince an appeals court that the company is being forced to pay claims that aren’t directly related to the 2010 Gulf of Mexico oil spill.
The decision leaves BP with two options — pay claims the company has called “fictitious,” or appeal further to the U.S. Supreme Court. Paying these claims will cost additional billions of dollars, BP has said in court filings. Payments for disputed business economic losses have been on hold while BP appealed.
Oil giant BP said on Friday it had reached an estimated $7.8 billion settlement with plaintiffs suing over the disastrous 2010 Gulf of Mexico oil spill. The company still faces US government claims which could cost it billions of dollars in fines.
Financial Times reported that British Petroleum will be charged more than $34 billion from the US federal and local governments for the catastrophe with Deepwater Horizon in 2010. The size of this fee, might cause a considerable increase in the total charge over the spill in the Gulf of Mexico.