BP Complaints

Deepwater Horizon owner Transocean seeks liability limit
Transocean, owner of the Deepwater Horizon rig that exploded and sank killing 11 and creating a growing oil spill, today filed a request in Houston federal court to limit its liability in the lawsuits filed against it to about million.
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Deepwater Horizon Owner Transocean Files Petition To Seek Limited Liability
HOUSTON, May 14 (Bernama) — Transocean, the owner and operator of the Deepwater Horizon rig, that exploded and sank last month in the Gulf of Mexico killing 11 and causing a massive oil leak, on Thursday filed a petition to limit its liability to under US million and asked for all pending cases against the company to be suspended.
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FULL tinyurl.com UNCENSORED SINKING OIL RIG functionaries are mobilizing for a cleanup surgery in case a large oil spill occurs, in what has become one of the worst industry disasters in decades.afterward listing for most of Wednesday, the 0 million political platform 41 miles off the Seacoast of Louisiana sunk in 5000 feet of pee at hot 10 am Thursday. Seventeen people were injured, and 11 are notwithstanding missing from the explosion. The rest of the crew of 126 filed into lifeboats or jumped nearly 100 feet from the weapons platform before being pulled from the irrigate by Seacoast Guard rescue crews. As the intense fire burned the spewing oil off on Wednesday, early meter readings were that the set fire didn’t present significant peril to the coastal ecosystem. But with the set now sunk and the fire out, concerns are now growing that the post dismissed mirror a deep-piss spill caused by a fire on the West Atlas rig off Australia last year, which environmentalists likened to a “disaster movie.”
Video Rating: 3 / 5

CoastGuardNews.com NEW ORLEANS – Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon April 21, 2010. A Coast Guard MH-65C Dolphin rescue helicopter and crew document the fire aboard the mobile offshore drilling unit Deepwater Horizon, while searching for survivors April 21, 2010. Multiple Coast Guard helicopters, planes and cutters responded to rescue the Deepwater Horizon’s 126 person crew. US Coast Guard video by Air Station New Orleans

Sell Transocean Put Options, Buy BP's, Barclays Says BusinessWeek (Updates with closing prices in fifth paragraph. For more on the Gulf of Mexico spill, see {EXT4 }.) By Jeff Kearns May 14 (Bloomberg) — Investors should … and more »

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Globe and Mail

Obama Slams BP, Transocean, Halliburton Over Gulf Oil Spill CBS News Speaking in the Rose Garden, Mr. Obama said he is "not going to rest or be satisfied until the leak is stopped at the source, the oil in the Gulf is … Gulf Oil Disaster May Cast Long and Costly Economic ShadowLiveScience.com Lawmaker questions BP over oil spill estimatesReuters BP Risks Disaster By Playing Down the Gulf Oil Spill's True SizeBNET Federal News Service (subscription) –Huffington Post (blog) –ABC News (blog) all 6,408 news articles »

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Sell Transocean Puts, Buy BP's on Gulf Oil Spill, Barclays Says BusinessWeek Transocean has tumbled 28 percent to $66.69 from the April 20 disaster through yesterday's close, while London-based BP's US shares have lost 20 percent to … and more »

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Transocean Asks to Cap Gulf Rig Liability at $26.7 Million
Transocean Ltd., the owner and operator of the oil rig leased to BP Plc that exploded last month and killed 11 men, asked a U.S. judge to limit its liability to $26.7 million.

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Transocean Asks to Cap Rig Liability at $26.7 Million (Update3)
Transocean Ltd., the owner and operator of the oil rig leased to BP Plc which exploded last month and killed 11 men, has asked a U.S. judge to limit its liability to $26.7 million.

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AFP

It Lost an Oil Rig, but Transocean May Easily Ride Out the Gulf Oil Spill BNET Looking ahead, however, a looming ecological disaster could threaten Gulf of Mexico rig operations, a significant revenue source for the company. … The Gulf Oil Disaster Blame GameNightly Business Report Transocean Petitions to Limit LiabilityWall Street Journal Once the Oil Stops, the Real Clean-Up BeginsHuffington Post (blog) Law.com –Reuters –Newsinferno.com all 645 news articles »

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Reuters UK

Transocean Rig Blast to Increase Costs $200 Million BusinessWeek (Updates share price in last paragraph. For more on the Gulf of Mexico oil spill, see {EXT4 }.) By Joe Carroll May 6 (Bloomberg) — Transocean Ltd., … Oil-Rig Owner Faces Justice Request on Gulf SpillBusinessWeek BP, Halliburton, Transocean Told to Keep Rig EvidenceBusinessWeek Owner of sunken oil platform had safety concernsPalm Beach Post all 740 news articles »

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