Transocean to sue BP over oil spill

[The Straight Story]

Transocean to sue BP over oil spill

WASHINGTON, Nov. 1 (UPI) -- Deepwater Horizon rig owner Transocean said it would seek additional legal action against BP because its contract protects it from claims for damages.

A gas explosion on the Deepwater Horizon oil rig in the Gulf of Mexico last year killed 11 workers and resulted in one of the worst oil spills in history. A U.S. government investigation into the accident found BP, Transocean and Halliburton committed a series of regulatory violations.

BP sued Transocean for at least $40 billion because it claimed failures at the rig were Transocean's fault.

But BP, in its contract with Transocean, agreed to protect the drilling contractor from "all claims … without limit," the Financial Times reports.

http://www.upi.com/Business_News/Energy-Resources/2011/11/01/Transocean-to-sue-BP-over-oil-spill/UPI-42011320148758/