Last week, the owner of the fiery death trap Deepwater Horizon oil rig, Transocean Ltd., announced in a SEC filing that it was handing out huge bonuses to its top executives for the "best year in safety performance in our company's history." Transocean CEO and big bonus recipient Steve Newman also made a point that of…
Remember Transocean Ltd., the company that owned the BP-operated Deepwater Horizon oil rig that exploded in a hellish ball of fire, killing 11 workers and setting off the massive Gulf oil spill last year? In documents filed with the SEC on Friday, the company announced it was handing out bonuses to senior executives…
Remember that little "Gulf of Mexico oil spill" story from the summer? The government won't let it slide! The Justice Department has filed a multi-billion dollar lawsuit against BP and others, seeking removal costs and damages. Lots of it.
The blowout preventer that failed to prevent a blowout on the Deepwater Horizon oil rig is at a NASA facility being examined as evidence in the forthcoming Gulf oil spill trial. The rig's owner, Transocean wants to "examine" it first.
BP has released its internal investigative report on the Deepwater Horizon explosion, and — spoiler! — it "deflects attention away from BP," pinning more responsibility on Transocean and Halliburton. Maybe that's true? Or maybe it's just standard corporate PR.
The owner of the Deepwater Horizon rig, Transocean, has accused BP of withholding information about the rig explosion on April 20. BP calls it a "publicity stunt" meant to deflect attention. Meanwhile, the mess both companies created is still there.
U.S. District Judge Martin Feldman struck down the Obama administration's deepwater drilling moratorium in rather snippy, circular language today. Perhaps his cereal milk was a bit sour this morning? Or maybe he just owns some oil stocks.
The president of Transocean Ltd, owner of the leaky Deepwater Horizon oil rig, Steven Newman said today that Obama's "arbitrary six-month time limit" on new offshore oil drilling should be lifted, because companies like his are responsible, honest and competent.
It's been one month since the Deepwater Horizon oil rig blew up, and oil is still leaking at an astonishing rate. Entire state economies might be crushed, and whole ecosystems wiped out. So whose fault is it?
The owner of the Deepwater Horizon oil rig, Transocean, held survivors for nearly two days after the explosion with no outside contact at all. Was it an attempt to exhaust workers so they would sign away the company's liability?
