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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
12/06/201616:29:36Statement of Changes in Beneficial Ownership (4)
12/06/201610:00:00WellAware introduces Integrated Radio and Controller for oil...
12/01/201616:07:58Statement of Changes in Beneficial Ownership (4)
12/01/201616:00:35Statement of Changes in Beneficial Ownership (4)
11/29/201618:10:00Baker Hughes to Place Some Operations Into New Land Pressure...
11/22/201616:09:48Statement of Changes in Beneficial Ownership (4)
11/04/201617:30:00Halliburton 2016 Fourth Quarter Conference Call
11/02/201617:15:00Halliburton Declares Dividend
10/31/201619:27:00With Oil Deal, GE CEO Immelt Revamps His Strategy -- 3rd Update
10/31/201607:10:00GE, Baker Hughes Deal to Create Energy Powerhouse
10/28/201610:42:54Quarterly Report (10-q)
10/28/201603:02:00GE Pursues Major Deal In Oil Patch -- WSJ
10/27/201622:46:00General Electric Pursues Deal With Baker Hughes -- Update
10/27/201619:30:00General Electric in Talks to Buy Baker Hughes
10/27/201619:07:00General Electric in Talks to Buy Baker Hughes
10/25/201610:00:00Baker Hughes Shares Rise as Loss Not as Wide as Feared
10/21/201613:00:00As Oil Bust Recedes, Is a Barroom Brawl About to Break Out?
10/20/201618:00:00Schlumberger Profit Falls Sharply
10/20/201616:58:39Statement of Changes in Beneficial Ownership (4)
10/20/201616:48:21Statement of Changes in Beneficial Ownership (4)

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