The battle between Halliburton (NYSE:HAL) and BP (NYSE:BP) is heating up as the Justice Department is entering the fray with its plans to test the cement used by Halliburton on the failed oil well.
In BP's report last week the company said the cement used by Halliburton was "likely unstable." That's important because it would result in the shrinking of the cement which would have left gaps which would have allowed the entry of hydrocarbons.
A government commission said, "The Department of Justice is presently working with Halliburton to secure cement evidence from the well and, when that process is complete, the Commission and other investigators will work with them to obtain desired test protocols."
Halliburton claims the BP report has left a lot out of it and was inaccurate, but they haven't offered up what those inaccuracies or omissions were.
No comments:
Post a Comment