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.
Home warranty company not providing results homeowner expects
No end in sight for construction on Twin Oaks Bridge
Surveillance video released in Lockwood Avenue murder
Smoking ban snuffed out... for now; Council delays making anti-smoking decision
Police find kids hanging out at popular bar, many arrested during sting