Oilfield services firm Halliburton agreed to a
plea of guilty to a criminal charge of destroying evidence in the
investigation of the April 2010 Deepwater Horizon oil well disaster
in the Gulf of Mexico, the US Justice Department said Thursday.
Halliburton, which was the cement contractor on the ill-fated drilling project, admitted to destroying the results from computer simulations that its engineers conducted in the weeks after the explosion and sinking of the Deepwater Horizon oil rig, in which 11 workers died.
The resulting oil spill reached Gulf shores from Florida to Texas. The well owner, British oil firm BP, has paid tens of billions of dollars in fines and damages.
Under the plea agreement, Halliburton Energy Services Inc admits its criminal conduct and will cooperate with the investigation, pay the maximum fine and submit to three years of probation. The company has voluntarily contributed 55 million dollars to a government-sponsored wildlife foundation.
Most Popular Stories
- Cape Cod Building Mussel Industry
- Hollywood Eager to Grasp Hispanic Market
- Frightfully Fun Films Return for Halloween
- Would Soccer Be Richer Without Small Clubs?
- Sears Denies Store Closings, Layoffs Report
- Cloud Lifts Microsoft's Quarterly Results
- Weekly Jobless Claims Rise but Remain Low
- IS Funded by Black Market Oil Sales, Racketeering
- Pfizer Approves $11 Billion Buyback Plan
- Microsoft Beats Income Expectations