Topic: Transocean Inc.

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BP engineer arrested in Gulf oil spill

Former BP engineer Kurt Mix is accused of deleting text messages that revealed the true scope of the disaster.
BP oil spill settlement: Justice for 100,000 Gulf Coast victims?

The estimated total cost of the settlement will be about $7.8 billion, which makes it one of the largest class-action settlements in US history. The BP oil spill settlement was filed Wednesday.
BP settles with private plantiffs over Gulf oil spill

The multinational corporation said Wednesday it will pay out $7.8 billion from the $20 billion trust it set up after the Deepwater Horizon explosion.
BP settles spill claims for $7.8 billion. Will victims take it?

BP settlement of worst US offshore oil spill involves 100,000 claims by fishermen, cleanup workers, and others. The $7.8 billion settlement is in addition to a $20 billion BP compensation fund.
BP faces billions in fines as spill trial nears

The huge legal bill for the catastrophic 2010 oil spill in the Gulf of Mexico is coming due for BP as a federal trial opens Monday to determine the company’s liability for the blowout of its Macondo well.
BP parries with Halliburton over recovery costs for Gulf oil spill

British oil giant BP wants a US judge to force Halliburton to pay all recovery costs stemming from 2010 Gulf oil spill. In a filing Monday, it aims to rebuff assertion that Halliburton bears no liability.
Gulf oil spill could result in criminal charges for BP employees

The Wall Street Journal reports that federal prosecutors are targeting several Houston-based engineers and at least one supervisor employed by British oil giant BP connected to the 2010 Gulf oil spill.
Halliburton 'destroyed' evidence after Gulf oil spill, BP charges

BP alleges that Halliburton, a subcontractor working on the Deepwater Horizon rig, destroyed evidence pertaining to what might have caused the explosion that triggered the Gulf oil spill.
BP says Halliburton destroyed evidence behind Gulf oil spill

BP says Halliburton destroyed evidence that it did faulty cement work on the oil will that leaked into the Gulf. Halliburton denies claim.
BP settlement: Anadarko adds $4 billion to pay spill claims

BP settlement with Anadarko reduces chances of punitive damages for 2010 Gulf spill. Despite BP settlement, other lawsuits and fines still loom for oil giant.
BP settlement: BP to get $4 billion for oil spill cleanup

BP settlement: Anadarko Petroleum Coro., which had a has 25 percent working interest in BP's Macondo Prospect, the site of the Deepwater Horizon drilling rig explosion, will pay BP $4 billion toward cleaning up the Gulf of Mexico oil spill.
Stocks: European shares slip from highs

Stocks in Europe lose some gains after German finance minister cautions on eurozone solution. Stocks are up 11.6 percent over the past nine days.
Majority of blame for Gulf oil spill lies with BP, two US agencies find

The US agencies' exhaustive report on the Gulf oil spill said complacency and cost-cutting led BP to make a series of decisions that complicated operations and added risk before the rig exploded.
Gulf oil spill report: BP ultimately responsible in Gulf spill

Gulf oil spill report, released Wednesday, said in the days leading up to the disaster, BP made a series of decisions that complicated cementing operations, added risk, and may have contributed to the ultimate failure of the cement job.
Stock market news: US stock futures rise following wild week

Stock market news is improving since last Monday's plunge. A few companies announced acquisitions to start off this week's stock market news.
Gulf oil spill: Transocean report continues the circular finger-pointing

Transocean Ltd., the Swiss company that owned and operated the Deepwater Horizon oil rig, says the Gulf of Mexico oil spill that occurred last year is the result of successive decisions made by well owner BP. BP calls it "an advocacy piece" to support Transocean's "litigation strategy."
Stocks end lower in selloff as silver, oil slide

The Dow fell 83 points, and commodity prices fell due to concerns of an economic slowdown in the US, China, and India
Deepwater Horizon: Report sparks push for tougher laws

Deepwater Horizon oil spill report recommends tougher offshore drilling rules, more financial consequences for oil companies.
On Gulf Coast, nail-biting over future of domestic oil drilling

Stricter deep-water drilling regulations mean Gulf Coast waters are likely to yield less oil this year. Energy firms may shift attention abroad.
Gulf oil spill report warning: US must watch offshore drilling more closely

President Obama's commission to investigate the Gulf oil spill suggested wide-reaching reforms to avoid another disaster, including new oversight of the offshore-drilling industry.
Gulf oil spill commission report: Good news for BP?

The president's commission on the Gulf oil spill has roundly criticized BP's role in the disaster. But it's appearing less likely that the British oil giant will be charged with gross negligence.
Gulf oil spill update: What's known now about cause and effects

Amid hearings on the cause of the Deepwater Horizon disaster, government scientists, academics, and those most affected by the Gulf oil spill are at odds over the extent of its effects.
Oil spill panel: a push for subpoena power in Deepwater Horizon probe

Senate Republicans have blocked subpoena power for President Obama's oil spill commission. The commission's chief counsel will push for it again, arguing it's needed to learn the truth about the Deepwater Horizon rig.
Robert Reich
Vote Halliburton and Goldman Sachs!

On Election Day, Americans will decide how to reward corporations that have been plundering America, like Goldman Sachs, JP Morgan Chase, and Halliburton.
Legacy of the BP spill: What's a reputation worth?

The BP spill in the Gulf of Mexico caused a public outcry and savaged BP's share price. Image repair won't be easy.