Thursday, October 28, 2010
Halliburton maintains its corporate standards.
A government investigation into the Hayward Blowout at the BP Macondo well has revealed that it may not have been all BP's fault.
In recent years, the giant energy services company has found itself under scrutiny over allegations that it performed shoddy, overpriced work for the United States military in Iraq, bribed Nigerian officials to win energy contracts and did brisk business with Iran at time when it faced sanctions.Eleven men died because Halliburton's good enough wasn't.
On Thursday, a government investigation panel said that Halliburton might have played an important role in the April explosion of the Deepwater Horizon platform in the Gulf of Mexico by supplying cement that the company knew was unstable to BP, which used it to seal the well. Halliburton has repeatedly blamed BP, the owner of the well, of failing to test the cement and making other errors that led to the accident, which killed 11 people and spewed millions of barrels of crude oil into the gulf...
In its report, investigators said that internal tests run by Halliburton found that the cement mixture it had developed for use at BP’s well, called Macondo, did not meet industry standards for stability. Halliburton had shared some but not all of the test results with BP, and the companies proceeded to use the faulty mixture.
The report did not conclude that the problems with the cement caused the disaster, but did say that they raised the likelihood that a blowout would occur.
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