Transocean Welcomes Court Ruling on 2010 US Oil Spill

Deepwater Horizon Gulf of Mexico Oil Spill

Reuters

Sept 4 (Reuters) - Transocean Ltd said a U.S. court ruling eliminates its financial risk for the underwater portion of a 2010 oil spill in the Gulf of Mexico after the judge found BP Plc grossly negligent.

On Thursday, U.S. District Judge Carl Barbier ruled that BP was mostly at fault and that two other companies in the case, Transocean and Halliburton, were not as much to blame.

"This is a favorable and welcome ruling for Transocean, its employees, and all offshore drilling contractors," Chief Executive Officer Steven Newman said in statement.

Transocean also said that the remaining financial risk was for the above-surface discharge of pollutants that occurred during the first two days of the spill.

BP said it would appeal the ruling as it believes the standard for proving "gross negligence" was not met.

(Reporting by Subrat Patnaik; Editing by Lisa Shumaker)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Number | Sep. 8, 2014
Transocean should be equally liable being the service provider. Carl Barbiers decision is biased. Note the disaster could have been averted by Transocean not BP as Transocean was the drilling contractor to execute a well which belonged to BP. Essentially a catastrophic service failure by Transocean.


Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

Deepwater Horizon Images
Deepwater Horizon in Flames (Apr 20) Oil Containment Boom Macondo Subsea Oil Containment Diagram Smoke Rising from Horizon (Apr 22)
Deepwater Horizon Listing (Apr 22) Macondo Oil Slick (Apr 25) Booms to Protect Breton NWR Shoreline Deepwater Horizon in Flames (Apr 20)
71 more images view image library


From the Career Center
Jobs that may interest you
Tool Tech
Expertise: Maintenance Technician|Mechanic|Rig Mechanic
Location: New Iberia, LA
 
Downhole Mechanical Tech II : HALJP00006169 - Houston TX
Expertise: Mechanical Technician|Rig Mechanic
Location: Houston, TX
 
Land Representative - MCBU Midland Surface
Expertise: Landman
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $49.3/BBL 0.80%
Light Crude Oil : $46.79/BBL 0.70%
Natural Gas : $3.04/MMBtu 0.97%
Updated in last 24 hours