BP Wants Halliburton To Pay Up

BP is reiterating claims against Houston-based Halliburton Energy Services for expenses and lost profits resulting from the 2010 Deepwater Horizon disaster.

BP has paid out more than $21 billion in cleanup costs and economic damages to date. It’s earmarked twice that for the final bill.  Since last April, it’s been saying Halliburton should be on the hook for at least that much.

The British energy giant has accused contractor Halliburton of botching the cement job on the Macondo well project. Halliburton says BP is trying to saddle Halliburton with far more than its share of the legal burden.

BP made its latest filing Monday in federal court in New Orleans, where complex litigation involving various companies connected to the disaster is playing out. The companies involved in the spill face more than 500 lawsuits from businesses, governments and coastal property owners. A federal trial to determine liability for the spill is set to begin in February.

Besides BP and Halliburton, the defendants include Houston-based Anadarko Petroleum and Cameron International, as well as Switzerland’s Transocean Limited and Japan’s Mitsui. BP has reached settlements with all its co-defendants other than Halliburton.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...