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Halliburton Agrees to Settle Gulf Oil Spill Claims

Halliburton has agreed to pay $1.1 billion to settle a portion of the claims arising from BP’s Gulf of Mexico oil spill in 2010. The oil services giant said Tuesday the settlement is pending court approval and would be paid into a trust in three installments over the next two years. The money would be paid out to the victims of BP’s Deepwater Horizon oil spill, which followed an explosion that sunk the drilling platform. The accident killed 11 workers and triggered the largest offshore...

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