The Deepwater Horizon before the April 2010 disaster.

Transocean Pleads Guilty, Agrees To Pay $1.4 Billion To Settle Charges Related To Gulf Oil Spill

Transocean, the offshore drilling company that operated, on BP’s behalf, the ill-fated Deepwater Horizon rig whose collapse resulted in multiple deaths and untold amounts of oil being released into the Gulf of Mexico, has agreed to plead guilty to violating the Clean Water Act and to pay a total of $1.4 billion in civil and criminal fines and penalties. [More]

BP Spreads The Worst Company Love Around, Sues Deepwater Horizon Partners For Billions

BP Spreads The Worst Company Love Around, Sues Deepwater Horizon Partners For Billions

As many readers mentioned in the comments leading up to BP’s hairline thin victory over Bank of America in this year’s Worst Company in America tournament, the oil company wasn’t the only one involved in the disaster on the Deepwater Horizon oil rig. Now, a year on from that horrible incident, BP has filed suits against Halliburton, Transocean and Cameron International. [More]

Transocean Apologizes For Calling 2010 "Best Year" Ever In Safety

Transocean Apologizes For Calling 2010 "Best Year" Ever In Safety

The owner of the oil rig that exploded in the Gulf issued an apology after calling 2010 its “best year” ever in safety. Transocean did not comment on the safety bonuses it awarded top execs for meeting and exceeding internal safety goals, even considering the disaster at the rig run by BP resulting in 11 workers dead and 200 million gallons of oil spilled. [More]

Internal BP Report Deflects Blame Onto Contracted Rig Workers

Internal BP Report Deflects Blame Onto Contracted Rig Workers

An BP internal investigation has found that responsibility for the Gulf spill lies less with its corner-cutting practices and more with poor decisions and bad judgment calls by Transocean and Halliburton workers on the doomed oil rig. Gee, what a surprise. [More]