A Halliburton Co. safety executive testified he didn’t authorize post-explosion tests on the type of cement used on the BP Plc well that blew up in the Gulf of Mexico and was surprised when he heard about them a year later.
Halliburton Co. and Schlumberger Ltd., the world’s largest oilfield contractors, rose in New York trading on speculation they have enough business around the world to weather a deep-water drilling moratorium in the U.S.
President Barack Obama singled out executives from BP Plc , Transocean Ltd . and Halliburton Co . for blaming each other in a “ridiculous spectacle” at congressional hearings on the oil leak in the Gulf of Mexico.
The U.S. agency overseeing offshore drilling safety is also the government’s second-largest money maker, a dual role being probed in hearings on last month’s deadly oil-rig explosion in the Gulf of Mexico.
By Steven Mufson and David A. Fahrenthold May 13 (Washington Post) -- A House energy panel investigation has found that the blowout preventer that failed to stop a huge oil spill in the Gulf of Mexico had a dead battery in its control pod, leaks in its hydraulic system, a "useless" test version of a key component and a cutting tool that wasn't strong enough to shear through steel joints in the well pipe and stop the flow of oil. In a devastating review of the blowout preventer, which BP said was supposed to be "fail-safe," Rep. Bart Stupak (D-Mich.), chairman of the House Energy and Commerce Committee's subcommittee on oversight, said Wednesday that documents and interviews show that the device was anything but. The comments came in a hearing in which lawmakers grilled senior executives from BP and oilfield service firms Transocean, Halliburton and Cameron, maker of the blowout preventer. In one
BP Plc ’s head of U.S. operations will be the first company official to testify before Congress on the explosion and sinking of a drilling rig in the Gulf of Mexico when he appears before two Senate panels next week.