Halliburton is protected from some Gulf-spill claims, judge rules

01/31/2012 | Fox Business

U.S. District Judge Carl Barbier ordered BP to pay Halliburton for any third-party compensatory claims arising from the Gulf of Mexico oil spill under a drilling contract. However, Halliburton could be held responsible for civil penalties or punitive damages under the Clean Water Act, Barbier ruled. Halliburton "agrees with the ruling to the extent that it requires BP to honor its contractual indemnity obligations," the company said.

View Full Article in:

Fox Business

Published in Briefs: