As the oil spill in the Gulf of Mexico continues to spread, allegations are coming to light that this may be the Halliburton oil spill. BP claimed all the responsibility for paying for the oil spill cleanup, and Transocean was operating the oil drilling platform - but both may now be looking to Halliburton for oil spill answers.
How Halliburton was involved with the oil spill
Being leased to BP although the Deepwater Horizon was owned by Transocean, Halliburton was working as a contractor when the oil spill started. The oil well was supposed to be cemented by Halliburton who was hired by Transocean. Cementing an oil well is done by pumping cement into an oil well to plug it and prevent an oil spill and combustible gas from leaking. Natural gas and oil will push through the cement when the cement is cracked, improperly pumped, or improperly mixed. Halliburton had just finished cementing the well when Deepwater Horizon exploded. To convince others it wasn’t their fault, Halliburton will need more than payday loans.
Oil spill concerns with Halliburton
Halliburton oil spill concerns are centered on this oil-rig-cementing process. Halliburton is the largest oil well cementing business in the world which is also 11 percent, rather $ 1.7 billion, of the business the company has. A Halliburton oil spill is usually a result of when the cementing process goes wrong. A study done in 2007 found that “cementing was a factor in 18 of 39 well blowouts in the Gulf of Mexico over a 14-year period.” In other words, Halliburton cementing issues are more common than equipment failure and pipe failure when it comes to the cause of Gulf of Mexico oil spills. Other countries such as Australia have experienced oil spills as well.
Halliburton and oil spill lawsuits
There are a lot of lawsuits that are based off of the Halliburton oil spill. One of the Transocean employees killed has a wife named Natalie Roshto that is filing a lawsuit. The lawsuit suggest the explosion and ensuing oil spill are Halliburton’s fault. The lawsuit specifically states that “prior to the explosion, (Halliburton) was engaged in cementing operations of the well and well cap and, upon information and belief, improperly and negligently performed these duties, which was a cause of the explosion.”
Halliburton will not claim responsibility of oil spill
Though BP has agreed to pay for part of the cleanup of the oil spill, and Transocean is taking responsibility for a portion of the oil spill, Halliburton has not claimed any responsibility. Halliburton has only confirmed that the corporation had just completed cementing about 20 hours before the explosion.
Sources for the article
Financial Times
http://www.ft.com/cms/s/0/48419230-57a3-11df-855b-00144feab49a.html
The Atlantic
http://www.theatlantic.com/science/archive/2010/05/halliburton-could-be-at-fault-for-oil-spill/56131/
Wall Street Journal
http://online.wsj.com/article/SB10001424052748703572504575214593564769072.html
CBS News
http://www.cbsnews.com/8301-503544_162-20004069-503544.html