Transocean chief executive hoping for comprehensive oil spill settlement
Published: March 26,2012
Tags: accident, courts, disaster, disaster recovery, environment, explosion, gas, habitat, offshore drilling, Oil, oil rig, oil spill, petroleum, restaurants, seafood, settlement, tourism, tousits, visitors, wildlife
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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Attorney McRae challenging Miss. treasurer in GOP primary
- Judge names receiver for KiOR plant, but tax payment unclear
- DAVID DALLAS — Roger Wicker: Profile in discouragement
- Choctaws' new hospital nearing completion
- Rival plans filed to end Cleveland schools federal oversight
- Ecolab reducing Columbus workforce
- Tommy Robertson indicted on five counts of embezzlement
- Production under way at Grammer AG in Tupelo
- State's ventures into alt-fuel markets net few jobs