Home Peak Oil Facts News Commentary OilSlick Newsletter Stock Picks Special Reports Bookstore FREE TRIAL Subscribe
 

Halliburton, Transocean Want Spill Claims Dismissed

Printer Friendly Version

In a move similar to one recently employed by BP, Halliburton and Transocean are seeking to have claims for economic damages by two Gulf Coast states dismissed, claiming the Gulf of Mexico oil spill, the largest oil spill in U.S. history, is a matter of federal, not state law.

The two companies say the spill is governed by the Oil Pollution Act, which is a federal statute, and are seeking the dismissal of claims by Alabama and Louisiana. The companies say Louisiana did not follow proper presentment procedure under the Oil Pollution Act, so its claims should be dropped, according to Courthouse News.

Texas-based Halliburton (HAL) and Switzerland-based Transocean (RIG) claim they are not considered ''responsible parties'' under the Oil Pollution Act.

Halliburton, the world's second-largest provider of oilfield services, provided cement services for the Macondo well while Transocean, the world's largest provider offshore drilling services, owned the Deepwater Horizon rig. BP (BP), Europe's second-largest oil company, was the operator of the Deepwater Horizon.

Archives:20092010201120122013
Peak Oil Facts

Peak Oil - The term Peak Oil is very over used and misunderstood. Peak oil does not mean the end of oil production. Peak Oil, A Brief Description

Saudi Arabia - The largest oil producer on the planet is also the most secretive about their production and reserves. Saudi Arabia, Smoke and Mirrors

China - Much is said about China's growing oil demand with consumption in China up +250% over the last four years. China, A Bear on the Prowl

Oil Production - It is very tough to get accurate numbers on global oil production since OPEC chooses not to release any data. Global Oil Production

Oil Demand - Global oil demand is a very hard number to pin down but it is safe to say that demand will exceed supply very soon. Global Oil Demand

Bakken Shale - What about the trillions of barrels in the Bakken Shale in North Dakota? Bakken Shale

Read more about Peak Oil here: Peak Oil Facts




Copyright 2007 - 2013 OilSlick.com.
Do not duplicate or redistribute in any form.


Privacy Statement
Disclaimer
Terms of Service
Contact Us