Halliburton Settles Deepwater Horizon Claims

The settlement is approximately $1.1 billion, which includes legal fees and is subject to approval by a U.S. district judge in New Orleans.

Houston-based Halliburton announced Sept. 2 that it has agreed to settle "a substantial majority of the plaintiffs' class claims" against it resulting from the April 20, 2010, blowout of the Macondo well in the Gulf of Mexico. The drilling rig Deepwater Horizon sank as a result of the well blowout, which triggered a major oil spill. The settlement is approximately $1.1 billion, which includes legal fees and is subject to approval by a U.S. district judge in New Orleans.

The company's announcement said the money will be paid in three installments into a trust until all appeals have been resolved.

The settlement agreement includes claims against Halliburton that BP assigned to the settlement class in BP's April 2012 settlement, punitive damages claims against Halliburton by a class of plaintiffs for alleged damage to property or associated with the commercial fishing industry from the spill, and an affirmation that Halliburton has no liability for compensatory damages to the members of the settlement class in the BP April 2012 settlement, according to the announcement.

It states that the settlement "is subject to an agreed-upon level of participation by the current claimants which, if not achieved, allows Halliburton to terminate the agreement."

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Get the Ultimate Guide to OSHA Recordkeeping

    When it comes to OSHA recordkeeping there are always questions regarding the requirements and in and outs. IndustrySafe is here to help. We put together this page with critical information to help answer your key questions about OSHA recordkeeping.

  • Safety Training 101

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We put together a guide that’s easy to digest so you can ensure you're complying with OSHA's training standards.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Industry Safe
comments powered by Disqus
Live From NSC