The offshore rig markets, coming to terms with the worst downturn in more than a decade, still have a lot to digest as contracts continue to be cancelled and the oversupply of oil and gas continues.
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Transocean Joins Halliburton in Settling More Macondo Claims
The Plaintiffs’ Steering Committee (PSC), which is spearheading litigation resulting from the Macondo oil spill in 2010, has reached a preliminary agreement with Deepwater Horizon rig owner Transocean Ltd. to settle claims arising from the accident.
May 21, 2015
Transocean Joins Halliburton in Settling More Macondo Claims
The Plaintiffs' Steering Committee (PSC), which is spearheading litigation resulting from the Macondo oil spill in 2010, has reached a preliminary agreement with Deepwater Horizon rig owner Transocean Ltd. to settle claims arising from the accident.
May 21, 2015
Industry Brief
A trial to determine various parties’ liability for BP plc’s Macondo well blowout in the deepwater Gulf of Mexico in April 2010, which destroyed Transocean Ltd.’s Deepwater Horizon rig and killed 11 men, has been delayed until Feb. 25 from Jan. 14 in New Orleans. U.S. District Judge Carl Barbier cited tourist events — the NFL Super Bowl and the Mardi Gras festival — that would keep New Orleans’ hotels booked. However, Barbier declined to delay a Nov. 8 hearing on a settlement BP reached with the Plaintiff’s Steering Committee, which is composed of private parties (see Daily GPI, March 6). The tentative settlement for $7.8 billion would resolve a “substantial majority of legitimate economic loss and medical claims,” BP said.
October 29, 2012
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