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BP Delays Gulf Spill Trial For Week

LONDON -(Dow Jones)- BP PLC (BP, BP.LN) has postponed the start of a civil trial to apportion blame for the Gulf of Mexico oil spill for a week, as the U.K oil major attempts to reach a settlement deal with individuals and businesses affected by the disaster. A consolidated trial that groups together plaintiffs, including the U.S. Department of Justice, will now begin on March 5, BP said in a statement. BP said the adjournment was to allow its lawyers and those acting on behalf of the multiple litigants affected by the spill more time to try and come to an agreement. The company said earlier this month that it had set aside just over $6 billion to cover compensation claims from fisherman and Gulf coast businesses affected by the spill. BP also faces fines from the DOJ, which could ultimately be as high as $20 billion. BP said there was no guarantee that the discussions will lead to a settlement deal. The trial, originally due to begin Feb. 27, will apportion blame and liability for an explosion aboard a BP-operated drilling rig, the Deepwater Horizon, which killed 11 men and set off the worst offshore oil spill in U.S. history. -By Alexis Flynn, Dow Jones Newswires, +44 207 842 9471, alexis.flynn@dowjones.com

Stock News for Halliburton (HAL)
DateTimeHeadline
05/02/201603:02:00Oil Deal Unravels Amid Scrutiny -- WSJ
05/01/201620:00:00Halliburton and Baker Hughes Announce Termination of Merger Agreement
05/01/201619:06:00Halliburton, Baker Hughes to Call Off Merger -- 3rd Update
05/01/201618:41:00Halliburton, Baker Hughes to Call Off Merger -- 2nd Update
05/01/201618:32:00Halliburton, Baker Hughes to Call Off Merger -- Update
05/01/201618:13:00Halliburton, Baker Hughes to Call Off Merger
04/27/201609:50:00Baker Hughes Loss Widens Amid Oil Downturn
04/27/201609:45:00Baker Hughes Loss Widens Amid Oil Downturn
04/25/201609:46:00U.S. Hot Stocks: Hot Stocks to Watch
04/25/201606:01:36Current Report Filing (8-k)
04/22/201621:03:00Halliburton Delays Release of Full First-Quarter Financial Data
04/22/201620:07:00Halliburton Delays Release of First-Quarter Financial Data
04/22/201617:05:00Halliburton Provides First Quarter 2016 Operational Update
04/21/201617:40:00Schlumberger Profit Falls as Revenue Slumps
04/15/201603:03:00Carlyle Angles for Oil Deal -- WSJ
04/14/201615:31:00Halliburton, Baker Hughes in Talks to Sell Assets to Carlyle...
04/14/201615:20:00Halliburton, Baker Hughes in Talks to Sell Assets to Carlyle...
04/14/201615:11:00Halliburton, Baker Hughes in Talks to Sell Assets to Carlyle...
04/14/201614:58:00Halliburton, Baker Hughes in Talks to Sell Assets to Carlyle...
04/07/201602:31:00U.S. Challenges Halliburton Deal For Baker Hughes -- WSJ

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