Transocean oil spill News

No Coverage Under Transocean’s $750M Insurance Policy for BP Spill

BP Plc isn’t covered under Transocean Ltd.’s insurance policies for the undersea well blowout that caused the 2010 Gulf of Mexico disaster, the Texas Supreme Court said, blocking the oil company’s access to $750 million for spill costs. The decision …

CEO: Transocean Workers Not to Blame for Oil Spill

The chief executive of Transocean Ltd., owner of the rig destroyed after BP Plc’s Macondo well blew out in 2010, told a federal judge on Tuesday that his workers made mistakes that day, but were not responsible for overall safety …

BP Must Cover Some Transocean Oil Spill Damages

A federal judge on Thursday said BP Plc must indemnify Transocean Ltd for some compensatory damage claims over the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier, who oversees multistate litigation over the spill, agreed with Transocean …