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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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July 30, 2014
12:09 EDTAPCStocks with call strike movement; DHI APC
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July 29, 2014
16:32 EDTAPCAnadarko reports Q2 EPS 45c with items, consensus $1.30
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15:57 EDTAPCAnadarko up 1.8% after increasing FY14 sales volume outlook
15:56 EDTAPCAnadarko raises FY14 sales volume view to 299-302 MMBOE
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15:56 EDTAPCAnadarko reports Q2 sales volume 77 MMBOE
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15:53 EDTAPCNotable companies reporting after market close
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July 28, 2014
07:37 EDTAPCAnadarko price target raised to $134 from $122 at Credit Suisse
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July 21, 2014
08:16 EDTAPCFMC Technologies signs agreement to develop susbsea equipment and systems
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July 18, 2014
12:36 EDTAPCPlug Power said to be on list of companies probed by SEC, Probes Reporter says
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10:03 EDTAPCOn The Fly: Analyst Downgrade Summary
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06:01 EDTAPCAnadarko downgraded to Market Perform from Outperform at Bernstein
Bernstein downgraded Anadarko to Market Perform citing valuation and expectations for lower crude prices throughout the year. The firm keeps a $107 price target for shares.

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