Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Nigeria’s anti-corruption agency said Friday that it had formally dropped bribery charges against former U.S. Vice President Dick Cheney and oil services company Halliburton after the company agreed to pay a fine.
“It was formally dropped today,” Economic and Financial Crimes Commission spokesman Femi Babafemi said. He said the Nigerian government had agreed to an offer made by Halliburton to pay fines totalling up to $250 million.
Halliburton could not immediately be reached for comment.
A New Orleans federal judge overseeing litigation on the Deepwater Horizon drilling disaster signed an order to release materials Halliburton used in the cementing job on BP’s blown-out Macondo well to federal investigators. Get the full story »
From The New York Times | Halliburton and BP knew weeks before the blast on a rig in the Gulf of Mexico that the cement mixture they planned to use to seal the well was unstable, a commission found.
Several U.S. agencies are preparing a criminal probe of at least three companies involved in the massive oil spill in the Gulf of Mexico, though it could take more than a year before any charges are filed, the Washington Post reported Wednesday.
BP Plc, Transocean Ltd. and Halliburton Co. are the initial targets of the wide-ranging probe, which aims “to examine whether their cozy relations with federal regulators contributed to the oil disaster in the Gulf of Mexico,” the newspaper said, citing law enforcement and other sources. Get the full story »
Outgoing BP Chief Executive Tony Hayward declared in a web cast Tuesday that the Gulf of Mexico oil well disaster represents a failure for the deepwater oil and gas drilling industry, not just for BP.
“The industry needs to re-evaluate safety,” he said. “Everyone will re-evaluate the business model to reduce risk associated with deepwater drilling.” Get the full story »
