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5/21/2015: BP Plc. (NYSE ADR: BP) has settled with oil field services provider Halliburton Co. (NYSE: HAL) and contract driller Transocean Ltd (NYSE:RIG) cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in history. In September, a U.S. judge ruled that BP was mostly at fault and that Transocean and Halliburton were not as much to blame.
Halliburton, which did the cementing work for BP’s well, had earlier blamed BP’s decision to use only six centralizers for the blowout that spilled millions of barrels of oil for 87 days. Halliburton said in September that it reached a $1.1 billion settlement for a majority of claims related to its role in the oil spill.