BP's cement contractor on the drilling rig explosion occurred in 2010 in the Gulf of Mexico, the company announced on Monday that it is trying to exceed its role in the disaster, a focus said As of the in the of the the last week's trial testimony, the reached by the negotiations of the in a reconciliation.
Thomas Chandler Haliburton, the Chief Financial Officer of the Company Mark · McCollum, said, in the a conference call, to discuss the the the first quarter of fiscal been reported that the talks are the the in the "the advanced stage of". The Houston-based company said it wants the court to promote a negotiated settlement of the majority of private creditors have been facing since the Deepwater Horizon rig explosion gave birth to the nation's worst offshore oil spill.
"We are working hard to be a reasonable solution in the best interests of the shareholders of the Company, Dave Lesar, Halliburton's president and CEO, said:" in the same call.
As of the first stage of the trial testimony on Wednesday, headquartered in London, the British Petroleum (BP PLC) Macondo well blowout. April 20th 2010, the blowout causing an explosion, resulting in the the death of 11 workers, the number of millions of gallons of petroleum diarrhea into the Gulf.
In New Orleans U.S. District Judge Carl Barbier presided over the trial without a jury, and listened to the testimony of eight weeks. Barbier, who does not rule out a few months, and ultimately can decide how much money BP, Halliburton and rig owner Transocean Ltd. due to their role in the disaster.
Halliburton and BP have accused each other to sealed the Macondo oil well cement job fails. During the trial, the the the BP requirements Barbier sanctions Halliburton allegedly to destroy evidence blowout cement slurry design can play a role.
When February 25th after the to the commencement of the trial, the Halliburton found that cement samples, does not turned over to the the the test of the Ministry of Justice, they are sprinkled on the the laboratory of Lafayette after the. A Company solicitor in Halliburton saying that it was to be a a "simple misunderstanding", and accused the BP trying to establish the a "juggling".
The additives of the the plaintiff 'lawyers the the use of of the accused the Halliburton Company of, are set out and some an unstable in the the efforts of the a, leftover in order to the save time and money of the cement,. They also claim that Halliburton employees "recording" cement testing, did not write down some of the test results, because they are worried about how they can affect the overflow of the litigation.
, A University of Michigan law professor and the Ministry of Justice environmental crimes of a former chief, David Ullman said, the damaging testimony gave Halliburton added incentive to settle.
The Halliburton companies will definitely is the results of of the test worse, because the the the extent of of the stressed that of the trial, their behavior in the leaks and During the time of legal proceedings, has always been is a problem, "he said...," "They looked at too terrible."
Ullman said that a settlement may not prevent Barbier imposed BP is seeking sanctions Halliburton processing evidence.
Halliburton said its recent reconciliation proposal includes an unspecified amount of stock and cash. McCollum said the company believes it has a "substantive legal arguments and against any liability" and "fully prepared to see the conclusion of this matter in court" if the negotiations do not produce an agreement.
Halliburton does not recognize that it is trying to party or parties to reach a settlement, but the businesses and residents of the Gulf Coast of the Steering Committee of the plaintiff claims that oil spill spend their money's private legal team. The members of the committee reached a multibillion-dollar settlement with BP, more than the same period last year.
The spokesman of the Committee, David · Falkenstein Grand said in a statement, it does not Review, "the the presence or does not exist the discussion of of the reconciliation of more than once."
Of the the Ministry of Justice (Justice Department) does not have a Not to prosecute Halliburton Company, but with the the BP and at headquarters located in the the Switzerland-Transocean Company has reached a the independent settlements in the of the. In Alabama, Florida, Louisiana, and Mississippi, the state has also been submitted with the spill - the litigation.
The same time, the designated claimants by the Court administrator can be continue to pay the the expenditure of the the to the businesses affected in a by the the the controversial of the the judgment of of the a judge of the the years of of 2010 of Appeals for the oil spills BP.
From the 5th U.S. Circuit Court on (Monday) decided to appeal a three-judge panel rejected BP's request for an April 5 in order to stay by Barbier.
Barbier refused to stop this may be billions of dollars in payment and settlement business, claimed oil spill spend their money.
The judge has insisted the claims administrator Patrick Juneau regulatory settlement payment companies interpretation of the provisions. BP believes that exposes the company to pay fictitious losses in Juneau.
The fifth session of of Circuit Court of agreed on Monday to, in order to speed up the the proposed by of an appeal of the the the the's ruling of of the Barbier in the BP the company's.
 
 



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