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

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 Hart about taking legal action to get the money you need. Call 800-821-1544 today.

Oil sheen reported off of Gulf coast

The Coast Guard has reported an “oil sheen” off of the coast of Louisiana.

It was originally found by satellite images in the middle of September. The Coast Guard retrieved samples of the water for testing. Luckily, the samples taken show no indication of further damage to marine ecosystems.

The sheen is located very close to the site of the Deepwater Horizon explosion that dumped over 200 million gallons of oil into the sea.

The oil spill did vast amounts of economic and environmental damage to the Gulf region. If you were negatively impacted by the 2010 Gulf oil spill, contact an oil spill attorney of Williams Hart at 800-821-1544 to learn more about your legal options.

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

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