Haliburton seeking settlement over Gulf oil spill - FOX 8 WVUE New Orleans News, Weather, Sports

Haliburton seeking settlement over Gulf oil spill

Updated:

NEW ORLEANS (AP) - BP's cement contractor on the drilling rig that exploded in the Gulf of Mexico in 2010 says it is trying to negotiate a settlement over its role in the disaster.        

Halliburton Chief Financial Officer Mark McCollum said during a conference call Monday that talks are at an "advanced stage."

The Houston-based company says it hopes to resolve a substantial portion of private claims spawned after the explosion of the rig Deepwater Horizon. 

Testimony ended last Wednesday in the first phase of a trial over the blast, which killed 11 workers and triggered the nation's worst offshore oil spill.          

A federal judge in New Orleans ultimately could decide how much more money BP, Halliburton and rig owner Transocean Ltd. owe for their roles in the catastrophe.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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