And don’t forget to add this fact (!!!):
“Just eight days before the Gulf blow-out, Halliburton also announced that it had agreed to buy Boots & Coots for $240.4 million. Who are Boots & Coots?
The world’s largest oil-spill clean-up company which also deals with oil and gas well fires and blowouts.
What an incredibly fortunate coincidence. What a slice of luck.”
And to refresh your memory:
– Gulf of Mexico Oil Spill: The Halliburton Connection:
The company acknowledged Friday that it had completed the final cementing of the oil well and pipe just 20 hours before the blowout…
And now Bloomberg has changed the beginning of the article below to:
“Halliburton Co. disputed a U.S. panel investigating BP Plc’s oil spill, saying the cement cited for flaws in February was different from the mixture used to plug the well two months later.
Conclusions by the National Commission on the BP Deepwater Horizon Oil Spill, released yesterday, failed to account for changes BP ordered to the cement just before the April 20 blast, the Houston-based company said in a statement. Halliburton rose in New York trading, after falling 8 percent yesterday spurred by concerns the report may subject the company to increased liability for the spill.”
That was fast!
Now here is the original article …
Halliburton Disputes U.S. on Cement Tests for BP Well
Oct. 29 (Bloomberg) — Halliburton Co. may face increased liability in the Gulf of Mexico oil spill after the staff of a U.S. presidential panel said the contractor knew cement it mixed for BP Plc’s well was unstable.
The staff of the National Commission on the BP Deepwater Horizon Oil Spill said documents provided by Halliburton showed at least three tests of the mixture, in February and April, found the recipe wasn’t stable. Halliburton disputed the findings, saying in a statement the formulas tested differed from the final recipe used in the doomed Macondo well. Halliburton declined for a second day in New York trading.
Halliburton, the world’s second-largest provider of oilfield services, has received less scrutiny from lawmakers and investigators than BP and Transocean Ltd., owner of the rig that blew up on April 20, killing 11 workers and setting off the biggest U.S. oil spill. The report increases Halliburton’s legal risks, said J. David Anderson, an oil-industry analyst with J.P. Morgan Securities LLC in New York.
Don’t miss: Marine Toxicologist Dr. Riki Ott: ‘People Now Dropping Dead’ In the Gulf
“Up to now, we didn’t see a significant liability to Halliburton with respect to the blowout, but that may change if the report has a widespread impact,” Anderson said in a note to investors yesterday calling the stock “overweight” based on the new information.
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Tags: Boots & Coots, Economy, Environment, Global News, Government, Gulf of Mexico, Halliburton, Politics, U.S.