The move was an attempt to turn the spotlight on Transocean will hear claims for damages against BP Transocean and other panies involved in the spill from more than 120 000 plaintiffs and the US authorities It also pits the defendants against Judge rebuffs BP on Transocean witness call
BP is still toiling in the shadow of the Gulf of Mexico oil well disaster and recently received a setback in a Louisiana court in its efforts to get Transocean to stump up some contributions to the oil spill costs from partners such as Mitsui Anadark Week Ahead BP Xstrata and quanative easing
heavyweight BP made the biggest dent in the index off 1 3 percent and taking five points off the FTSE 100 after a U S judge ruled it must indemnify Transocean Ltd for some pensatory damage claims over the 2010 Gulf of Mexico oil spill FTSE retreats after falling short of 5 800
INTERNAL EMAILS among BP officials warned that the Macondo well could leak 3 4 million gallons of crude oil daily 2 Transocean scored a win last week when a federal judge limited its financial responsibility for the 2010 Gulf spill but the Morning Energy Keystone jobs link
He added that the outlook for U S growth and jobless levels depends on the resolution of that crisis along with developments in the Gulf due to oil of Mexico spill However the judge also said BP wouldn t have to protect Transocean US Stock Futures Edge Up Ahead Of GDP Ford Slides
BP oil spill Transocean in spotlight US rig owner could be in the spotlight after damning testimony told of safety breaches BP oil spill Transocean in spotlight Environment The Guardian
SAN FRANCISCO May 10 Reuters Eight months ago BP Plc BP L was celebrating the discovery of a mive oil find thanks to the work of Transocean s Spill thrusts Transocean into spotlight it shuns Reuters
While Chevron s CVX minor oil spill last week drew the spotlight just off the coast of Brazil a federal judge s ruling on BP s BP suit for insurance Transocean Ruling May Limit Oil Spill Liability Seeking Alpha