BP Plc officials praised Halliburton Co.’s cement work on the Deepwater Horizon oil rig just hours before the drilling platform exploded and sent oil spilling into the Gulf of Mexico in 2010, according to e-mails made public in court.
BP Plc , owner of an oil well where a drilling rig exploded and sank last month, was faulted by U.S. lawmakers for “flailing around” after a massive spill began threatening the coast from Louisiana to Florida.
Exxon Mobil Corp. , ConocoPhillips, Chevron Corp. and Royal Dutch Shell Plc are as ill-prepared as BP Plc to halt and clean up an offshore oil spill because they all use “carbon copy” disaster plans, lawmakers said.
BP Plc will face a jury trial Aug. 25, 2014, in federal court in Houston on investors’ multibillion-dollar allegations that the company hid the true size of the 2010 Gulf of Mexico oil spill to limit the effect on its stock price.
BP Plc tentatively agreed to put about $20 billion over time into a fund to pay damages resulting from the Gulf of Mexico oil spill, with claims administered by the lawyer who oversaw executive compensation under the government’s financial bailout, people familiar with the talks said.