Transocean Ltd. said its internal investigation found BP Plc was largely responsible for last year’s fatal drilling catastrophe in the Gulf of Mexico and reiterated its refusal to help BP pay claims stemming from the worst U.S. offshore oil spill.
BP Plc ’s Gulf of Mexico oil spill was caused by poor management practices that are “systemic” in the industry and may recur absent “significant reform,” according to a presidential panel probing the spill.
Halliburton Co., the world’s second- largest oilfield services provider, agreed to pay $35 million to Nigeria to settle charges related to alleged bribery in connection with a natural-gas liquefaction project.
Nigeria will file charges against former U.S. Vice President Dick Cheney and officials from five foreign companies including Halliburton Co. over a $180 million bribery scandal, a prosecutor at the anti-graft agency said.
Federal regulators asked companies including Halliburton Co. to disclose chemicals used to dislodge underground natural gas after residents in two states where the practice is widespread were warned not to drink well water.
Halliburton Co . and KBR Inc . must face lawsuits brought by military personnel and contractors allegedly harmed by contaminated water and toxic emissions from burning waste in Iraq and Afghanistan, a judge said.
Anadarko Petroleum Corp. and Transocean Ltd. rose in New York trading on optimism that their liabilities in the worst oil spill in U.S. history will be limited because of BP Plc’s actions at the Macondo well in the Gulf of Mexico.