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Judge awards $400 million in settlement against rig operator for Deepwater Horizon spill

A US judge approved Thursday a $400 million settlement in criminal penalties against the rig operator involved in the 2010 Gulf of Mexico oil spill, the worst environmental disaster in American history. The punishment was part of a plea bargain agreement reached last month by rig owner Transocean and the…

BP must pay part of rig owner’s eventual Gulf costs

CHICAGO — British oil giant BP must cover some of the eventual claims against rig owner Transocean arising from the Gulf of Mexico oil spill, a US judge has ruled, with any bill set to run into billions of dollars. The mixed ruling found BP must indemnify the Swiss drilling…

Brazil probes Petrobras role in Chevron spill: report

(Reuters) – RIO DE JANEIRO, Dec 3 (Reuters) – Brazilian prosecutors are probing the possible involvement of state-led oil company Petrobras in a November offshore oil spill in a field operated by Chevron, the No. 2 U.S. oil company, the Estado de S. Paulo newspaper reported on its Web site.…

Transocean accuses BP of neglecting risks in oil spill

GENEVA (AFP) – Offshore drilling group Transocean on Wednesday charged Wednesday that British energy giant BP had neglected drilling risks, leading to the giant 2010 oil disaster off the US coast. It said that an internal “report concludes that the Macondo incident was the result of a succession of interrelated…

Coast Guard investigation of oil spill cites Transocean

WASHINGTON (Reuters) – Serious safety lapses by oil rig owner and operator Transocean Ltd contributed to the massive blowout and spill at a BP Plc well in the Gulf of Mexico, the Coast Guard said in a report on the 2010 disaster. A Coast Guard investigation “revealed numerous systems deficiencies,…

BP sues Gulf rig firm, shifting blame for oil spill

LONDON (AFP) – BP is taking legal action to shift the blame for the Gulf of Mexico oil disaster which devastated the environment and the group’s image a year ago, suing rig operator Transocean for damages of $40 billion (24 billion pounds). The disaster threatened to ruin BP as a…

Transocean gives bonuses for ‘best year in safety’ … that left 11 dead

It’s still too soon to say exactly who was to blame for the Deepwater Horizon disaster in the Gulf last year, but already rig owner Transocean is congratulating itself for its safety record, and dishing out the bonuses. In federal filings revealed over the weekend by The Wall Street Journal,…

Transocean hails ‘best year’ in safety, gives execs bonuses, despite Gulf spill

The company that owns the now-infamous Deepwater Horizon, the oil rig that caused immeasurable damage to the Gulf, recently applauded itself for the “best year in safety performance in our Company’s history.” The company, Transocean Ltd., rewarded its executives millions in bonuses for the achievement, according to the annual report…

BP managers may face manslaughter charges: report

Managers who were onboard the doomed Deepwater Horizon oil rig may face manslaughter charges over the deaths of 11 workers in last year’s mega-disaster that swamped the Gulf of Mexico with tar and crude. “People familiar with the matter” reportedly informed Bloomberg News of the possible charges. They also said…

US probe shares out ‘systemic’ blame for oil spill

A US panel has spread blame for the deadly Gulf of Mexico oil spill beyond BP to Halliburton and Transocean, accusing all three of “systemic” management failures that could happen again. The presidential commission’s assessment was part of its final report on the deadly April blowout of BP’s Macondo well,…

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