Transocean Blamed in BP Suit for Billions in Spill Damages
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Transocean Ltd., the owner and operator of the Deepwater Horizon drilling rig that exploded one year ago yesterday, was sued by BP Plc for billions of dollars in damages related to the Gulf of Mexico oil spill.
BP said in a complaint filed yesterday in federal court in New Orleans that it has incurred costs of $17.7 billion and that it took a pretax charge last year of $40.9 billion in relation to the spill. The London-based company said that without Transocean’s “misconduct,” there wouldn’t have been any explosion, fire, deaths or oil spill.