Judge stays spill cases at Transocean's request

[maddezmom]

Source: Houston Chronicle

By MARY FLOOD Copyright 2010 Houston Chronicle
May 13, 2010, 9:52PM

Houston judge agreed Thursday to stay pending cases against Transocean arising from the April 20 disaster that destroyed its Deepwater Horizon drilling rig, killed 11 workers and created a growing oil spill.

U.S. District Judge Keith Ellison issued an order suspending the cases against Transocean at the company's request after it sought a $26.7 million limit to its liability in the lawsuits.

~snip~


What it does provide them is a central forum to slow down the cases and to try to leverage a global resolution,” Buzbee said.

He said that to win, Transocean has to prove that management onshore had no knowledge of the circum-stances that caused the blast. Buzbee said he has a witness who says Transocean and BP knew about abnormal pressure tests before the explosion.

Documents and testimony at congressional hearings this week also made reference to testing anomalies the day of the explosion.


Read more: http://www.chron.com/disp/story.mpl/headline/biz/7004426.html

[Lost4words]

1. Where does their CEO live?

[maddezmom]

3. Probably Switzerland

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x535674

[csziggy]

4. Don't know where they live, but these are the guys to look for

Steven L. Newman
President and CEO
Steven L. Newman is President and Chief Executive Officer for Transocean Ltd.
Before beginning his current position in March 2010, Mr. Newman served as President and Chief Operating Officer from mid-2008 to late 2009 and subsequently as President. Mr. Newman’s prior senior management roles included Executive Vice President of Performance, Executive Vice President and Chief Operating Officer, Senior Vice President of Human Resources, Information Process Solutions, and Treasury, and Vice President of Performance and Technology. He also has served as Regional Manager for the Asia and Australia Region and in international field and operations management positions, including Project Engineer, Rig Manager, Division Manager, Region Marketing Manager and Region Operations Manager. He joined the company in 1994 in the Corporate Planning Department.
Mr. Newman holds a Bachelor of Science degree in Petroleum Engineering from the Colorado School of Mines and an MBA from the Harvard University Graduate School of Business.



Paul H. Tranter
Vice President, Asset Management, Floaters
Paul Tranter is Vice President, Asset Management, Floaters for Transocean Ltd.
Before being named in to his current position, Mr. Tranter previously served as Vice President, Performance and Operations.
He began his career with the company in 1981 and has served in various management positions in both technical and operational roles in several countries, including the United States, France, United Kingdom, Congo, Nigeria, Spain and Norway.
Mr. Tranter holds an engineering degree in Naval Architecture from the University of Newcastle upon Tyne in the United Kingdom.


More officers of the company: http://www.deepwater.com/fw/main/Paul-H-Tranter-275C7.html

Corporate contact info here: http://www.deepwater.com/fw/main/Contact_Info-42.html

[Occulus]

2. Let me get this straight:

"to try to leverage a global resolution"

A corporate person can create a situation requiring a global resolution, and expect to remain standing at the end of the day, but if a person person so much as smokes a joint, well...

[Lost4words]

5. you got it.

there is no justice,