BP asks Halliburton to pay costs of ’10 oil spill
TEL AVIV (MarketWatch) — BP PLC, the U.K. integrated oil firm, is asking Halliburton Co. to pay all costs tied to the cleanup of the disastrous spring 2010 Gulf of Mexico oil spill, media reports say. Citing a court filing, Reuters reported that BP is demanding expenses plus lost profits from Halliburton, the Houston oil-services firm. BP previously estimated the cleanup expense at billion, Reuters reported. Halliburton cemented the well that failed and prompted the U.S.’s largest oil spill, the news service said. The explosion and fire on the Deepwater Horizon rig killed 11 people. BP declined immediate comment on the report; Halliburton couldn’t be reached for comment.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
