Indemnification

Transocean Expects Macondo Indemnity to Stick

Transocean Ltd. CEO Steven Newman said the company’s management is confident that BP plc will honor the indemnification clause of its contract for the doomed Deepwater Horizon rig, whose sinking following an April 20 well blowout led to what is now considered the world’s largest unintentional oil spill.

August 6, 2010