Energy analysts are still digesting news from the US last night that the US National Commission investigating the Macondo oil spill had found that both BP and Halliburton had known about problems with the cement used to seal the well, but did not act on the information.
The company itself has come out all guns blazing, issuing a 1,300 word statement contesting the findings of the report. In it, the company states robustly:
Halliburton does not believe that the foam cement design used on the Macondo well was the cause of the incident.
