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News Breaks
March 21, 2014
15:47 EDTAPCAnadarko says ruling consistent with prior determinations of no fault for spill
Anadarko Petroleum stated that the court held a hearing to consider certain evidentiary and discovery issues as the parties prepare for the Clean Water Act penalty phase of the Deepwater Horizon trial. The court granted Anadarko's motion twice before, resulting in no evidence of Anadarko's fault being admitted at either of the earlier two phases of the trial. During today's hearing, Judge Barbier told Justice Department lawyers: "I don't think this argument is going to get you anywhere. It's pretty clear to me, once I ruled that Anadarko had no legal duty to intervene in the well and could not be negligent." Degree of culpability in causing the spill is a significant factor in the court's assessment of fines and penalties under the CWA, the company said. Judge Barbier again approved Anadarko's motion for this phase of the trial. Therefore, no evidence of Anadarko's alleged culpability will be allowed during the penalty phase of the trial, the company said. "Today's ruling is consistent with previous Court determinations that we were not at fault for the Deepwater Horizon event. We look forward to seeing the Clean Water Act portion of the trial resolved soon," stated Anadarko Chairman, President and CEO Al Walker.
News For APC From The Last 14 Days
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December 21, 2014
14:16 EDTAPCU.S seeks up to $18B in water-pollution fines from BP for spill, Bloomberg says
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December 19, 2014
10:17 EDTAPCOn The Fly: Analyst Initiation Summary
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December 18, 2014
16:27 EDTAPCAnadarko initiated with a Buy at Guggenheim
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December 16, 2014
12:22 EDTAPCAnadarko, BG Group 'widely seen' as targets amid oil slump, FT says
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09:59 EDTAPCOn The Fly: Analyst Upgrade Summary
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09:22 EDTAPCAnadarko upgraded to Focus List from Outperform at Howard Weil
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December 15, 2014
14:38 EDTAPCMagellan Midstream extends Saddlehorn open season to Jan. 30
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December 9, 2014
07:01 EDTAPCAnadarko coverage resumed with a Hold at Stifel

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