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Thursday, 23 October 2014

Will Halliburton shoulder 15 pct of BP's mess?

Hounding Halliburton

The contractor's loss of $3 bln of market value, on charges it did a shoddy job in cementing the BP rig that cracked, suggests investors expect the contractor to pay a big slice of BP's $20 bln cleanup fund. That's possible but don't count on it.



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