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Transocean
5 Transocean Executives Donating Safety Bonuses to Victims' Families
By Lisa Flam - AOL NewsThe company that operated the Deepwater Horizon oil rig, which exploded in the Gulf of Mexico last year, killing 11 men, said five executives who received safety bonuses will donate the money to a fund for the victims' families. Transocean drew criticism for reporting in a securities filing last week that 2010 was its "best year in safety performance," according to news reports, despite the deadly explosion April 20 and the massive oil spill that followed. AP Fire boat response crews battle the blazing remnants of the oil rig Deepwater Horizon last April in the Gulf of Mexico. ...
Under the Northern Lights -- How Norway Sets Example for Oil Drilling
By Bob Reiss - Politics DailyHAMMERFEST, Norway -- The Northern Lights appeared in the night sky as the Dash 103 turboprop banked toward Hammerfest's snow-dusted airport last week. The glow didn't come from Aurora Borealis -- the famed celestial display -- but from flames venting from two stacks dominating a brightly lighted industrial complex below. It processes natural gas from the "Snow White" undersea reservoir more than 300 miles north of the Arctic Circle. Many Americans think of hot places like Iraq when envisioning oil or natural gas being pumped from the ground. Well, change that desert scene in your head to ...
Final Oil Spill Report: Industry Needs 'Dramatic' Change
By Laura Parker - AOL NewsWASHINGTON -- The presidential commission investigating the Deepwater Horizon explosion and oil spill has recommended stricter government regulation of the energy industry and the creation of an independent safety agency within the Interior Department to help protect against another oil disaster, the panel said in its final report. Without those sweeping changes, the nation is at risk for another catastrophic oil spill, the panel said. "If dramatic steps are not taken, at some point another failure will occur, and we will wonder why did the Congress, why did the administration, why did ...
Feds Push Back in Flap Over Blowout Preventer Test
By not in system - AOL NewsNEW ORLEANS -- Federal investigators are pushing back against criticism they aren't doing enough to keep companies involved in the Gulf oil spill away from any hands-on role in the forensic analysis of a key piece of equipment that failed to keep crude from entering the sea. Rep. Edward J. Markey sent a letter Friday to the director of the Bureau of Ocean Energy Management, Regulation and Enforcement detailing what he said are new concerns about conflicts of interest in the blowout preventer testing. Markey's letter said a Cameron International employee was allowed to operate components of ...
Massive Oil Spill Could Happen Again, Panel Says
By not in system - AOL NewsNEW ORLEANS -- A presidential commission's conclusion on the largest offshore oil spill in history that decisions meant to save time and money created an unreasonable amount of risk won't be the final word on the disaster. But it already has the companies involved with the blown-out well and Deepwater Horizon rig pointing fingers at each other again. In a 48-page excerpt of its final report obtained Wednesday by The Associated Press, the commission described systemic problems within the offshore oil and gas industry and government regulators who oversee it. It also said such a disaster could ...
US Sues BP, 8 Other Companies in Gulf Oil Spill
By not in system - AOL NewsWASHINGTON (Dec. 15) -- The Justice Department on Wednesday sued BP Exploration and Production Inc. and eight other companies in the Gulf oil spill disaster in an effort to recover billions of dollars from the largest offshore spill in U.S. history. The Obama administration's lawsuit asks that the companies be held liable without limitation under the Oil Pollution Act for all removal costs and damages caused by the oil spill, including damages to natural resources. The lawsuit also seeks civil penalties under the Clean Water Act. An explosion that killed 11 workers at BP's Macondo well last ...
Father's Mission: Finding Why Son Died in BP Blast
By Laura Parker - AOL News
WASHINGTON (Dec. 12) -- Just before the Deepwater Horizon exploded, when the mud spewed like a volcano and the rig jolted, the worker assigned to monitor the safety systems watched her console on the bridge light up with flashing magenta lights, indicating the highest possible danger. Then she froze for a moment before sounding the general alarm. The lights indicated the highest level of combustible gas had entered the rig's shake shed on the drill floor below where the 11 men who died in the disaster were wrestling to regain control of BP's well. Andrea Fleytas had been trained to hit the ...
BP CEO Hits Back at Media and Politicians
By not in system - AOL NewsLONDON (Oct. 25) -- BP Chief Executive Bob Dudley accused some politicians and the media on Monday of being too hasty to pin all the blame on his company for the devastating Gulf of Mexico spill - and emphasized the need for deep-water drilling. In his first major public speech since taking the top job, Dudley also said BP would not pull out of the United States - and that the U.S. needs a company with BP's resources to meet its vast energy needs. Dudley delivered a speech whose mood hovered between firm and penitent, seeking to make clear that BP was learning every lesson possible from the ...
Transocean Is Cutting Injured Oil Rig Workers' Pay
By Laura Parker - AOL News
(Oct. 20) -- Transocean Ltd. plans to discontinue paying full salary and benefits by Dec. 15 to crew members injured in the Deepwater Horizon disaster in the Gulf of Mexico, according to the company's latest court filing. The company announced the cutoff in a one-sentence court paper filed Friday. More than 60 lawsuits have been filed against Transocean by workers claiming they were injured as a result of the explosion six months ago that caused the massive BP oil spill. The company has acknowledged injuries to 17 crew members. Transocean, which owns the Deepwater Horizon platform, provided ...
BP Accused of Withholding 'Critical' Oil Spill Data
By not in system - AOL NewsWASHINGTON (Aug. 19) -- The company that owned the oil rig that exploded in the Gulf of Mexico is accusing BP of withholding critical evidence needed to investigate the cause of the worst offshore oil spill in U.S. history, according to a confidential document obtained by The Associated Press. BP called the claims a publicity stunt. The new complaint by Transocean follows similar complaints by U.S. lawmakers about difficulties obtaining necessary information from BP in their investigations. In a sternly worded letter to BP's attorneys, Transocean said the oil giant has in its sole possession ...
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