Halliburton deciding on plan to allocate payment for Gulf oil spill claims

Posted on April 30th, 2013 No Comments

Halliburton, BP’s cement contractor on the Macondo drilling rig that exploded in the Gulf of Mexico, shedding more than 4 million barrels of oil in the process, is planning the best way to allocate payment for settling Gulf oil spill claims, while also submitting to a $1 billion pretax charge.

Disclosure of these talks regarding the settlement has helped the company’s shares, causing them to rise more than 3 percent on April 23’s afternoon trade in the New York Stock Exchange, a change from the first-quarter loss the company experienced in connection with the spill.

Halliburton’s announcement came after the end of the first phase of the Gulf of Mexico oil spill trial, of which the U.S. government, Gulf Coast states, and private parties affected by the spill were the plaintiffs.

Unfortunately, many people who were negatively affected by this oil spill are not receiving the insurance assistance they should. If this describes your situation, talk with a lawyer from Williams Kherkher about taking legal action to get the money you need. Call 800-821-1544 today.

Leave a Reply





Get news about the areas in the destructive path of Gulf oil spill.

Learn more about the affected areas of the Gulf oil spill
home  |  about us  |  environmental impact  |  economic loss  |  affected areas  |  types of claims  |  contact us  |  articles  |  law resources  |  faqs  |  blog  |  locations  |  Log in

Copyright ©2010 Williams Kherkher. Attorneys are licensed only in the state of Texas unless otherwise indicated in the biographical section. Past performance is no guarantee of future results. Williams Kherkher's primary office is located in Texas. The choice of a lawyer is an important decision and should not be based solely upon advertisements.
Terms of Use  |  Disclaimer  |  Sitemap

8441 Gulf Freeway, Suite 600, Houston, TX 77017-5051
Call toll free today: 800-821-1544
John Eddie Williams +