BP Must Cover Some Halliburton Gulf Spill Costs, Judge Says
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BP Plc must cover some of any direct damage claims awarded against Halliburton Co. for the $40 billion in cleanup costs and economic losses caused by the 2010 oil-well blowout and Gulf of Mexico spill.
BP must indemnify Halliburton for compensatory damage claims under its drilling contract, U.S. District Judge Carl Barbier in New Orleans ruled today. London-based BP sued Halliburton, which provided cementing services for the project, in April to recover a share of any damages and costs from the spill. Any punitive damages awarded against Halliburton don’t have to be paid by BP, the judge said.