Halliburton agrees to billion dollar oil spill settlement
HOUSTON - Halliburton has agreed to pay $1.1 billion to settle a large portion of claims from the 2010 Gulf of Mexico oil spill.
The settlement is subject to court approval. Halliburton was BP's cement contractor on the drilling rig that exploded in the Gulf, killing 11 people and triggering the largest offshore oil spill in U.S. history.
The money would be paid into a trust until appeals are resolved over the next two years. The deal covers claims assigned to Halliburton in BP's settlement made in 2012, including punitive damages.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Small plane makes emergency landing in Scotlandville Friday; no injuries reported
Southern University police bust a move while filming 'Lipsync Challenge' video
Still no leads in parish-wide cat killings
Resident trying to stay cool amid heat advisory this weekend
USPS investigating mail found in storm drain