Thursday, January 3, 2013

Deepwater Horizon: Rig owner cuts $1.4B deal

In April 2010, fire crews spray water on the crippled Deepwater Horizon oil rig in the Gulf of Mexico. /Image via telegraph.co.uk


Transocean, owner of the Deepwater Horizon oil rig that exploded in the Gulf of Mexico and unleashed the biggest oil spill in U.S. history, has agreed to pay $1.4 billion dollars to settle its case in U.S. court. BP, which bankrolled and controlled the Deepwater Horizon operation, has already agreed to pay $4.5 billion in federal fines and penalties.

Assistant Attorney General Lanny Breuer implied BP bore the brunt of responsibility for the ecological disaster, which started with the loss of a dozen lives on Transocean's drilling platform:
“Transocean’s rig crew accepted the direction of BP well site leaders to proceed in the face of clear danger signs — at a tragic cost to many of them.”

A multistate civil case against BP and Transocean is set to begin in February.

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