Transocean chief executive hoping for comprehensive oil spill settlement

NEW ORLEANS — The head of Transocean Ltd. says the company is hoping for a comprehensive legal settlement of claims resulting from the BP oil spill.

Transocean chief executive Steve Newman told a conference of investment analysts in New Orleans today such a settlement would have “to recognize the relationship” between a drilling company and a drilling site operator.

The Swiss company leased the Deepwater Horizon rig to BP to drill a deep-sea well off the Louisiana coast. An April 2010 blowout killed 11 workers and caused the nation’s worst offshore oil spill.

Last week, a federal judge dismissed an investors’ suit alleging top Transocean executives misled shareholders about safety problems in the months leading up to disaster.

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

Top Posts & Pages