Transocean News

Liberty Insurance Must Pay Attorneys’ Fees in Gulf Oil Spill Case

A federal appeals court has ruled against an insurer in its quest to avoid paying attorneys’ fees in litigation stemming from 2010’s Deepwater Horizon oil spill. The U.S. Court of Appeals for the 5th Circuit in New Orleans found hollow …

Texas Joins Flood of States Suing BP over 2010 Gulf Spill

Texas has joined the crowd of Gulf of Mexico states to file suit against BP Plc, Halliburton Co and others for their role in one of the worst oil spills in U.S. history. The complaint, filed Friday in U.S. District …

Barring Last Minute Deal, Gulf Oil Spill Trial to Get Underway Monday

Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are scheduled to face their judge in court. …

Transocean, U.S. Talking $1.5 Billion Gulf Oil Spill Settlement

Transocean Ltd. is in discussions with the U.S. Justice Department to pay $1.5 billion to resolve civil and criminal claims from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, the Swiss-based company said on Monday. Parties have …

New Prosecutor Seeks to Stop Chevron’s Brazil Operations

A new prosecutor in the case against Chevron Corp and drilling firm Transocean Ltd for an offshore oil spill said Thursday he will seek to suspend the companies’ operations in Brazil, a sign that he may be just as tough …

Chevron, Transocean Face New Multi-billion Brazil Lawsuit; ‘Outrageous’ Say Companies

A Brazilian federal prosecutor on Tuesday launched his second 20 billion real ($10.9 billion) lawsuit against U.S. oil company Chevron and driller Transocean, doubling the stakes against the companies as critics call him as overzealous. The new lawsuit, the prosecutor’s …

Chevron, Transocean Charged in Brazilian Oil Spill

A Brazilian federal prosecutor filed criminal charges on Wednesday against Chevron and drill-rig operator Transocean for a November oil spill, raising the stakes in a legal saga that is adding to Chevron’s woes in Latin America and threatens to slow …

Complex Trial Over Blame for Gulf Oil Spill Set to Open

It could be the ultimate case for passing the buck. A massive trial over the 2010 Gulf of Mexico oil spill heads for a New Orleans federal courtroom on Monday, to determine how much BP Plc and others should cough …

Judge: BP, Anadarko, Transocean May Be Liable for Oil Pollution Claims

BP Plc and Anadarko Petroleum Corp. are liable and Transocean Ltd. may be liable for civil damages under federal pollution laws over the catastrophic 2010 Gulf of Mexico oil spill, a U.S. judge ruled. Wednesday’s decision by U.S. District Judge …

BP Told It Can’t Use Transocean Insurance for Gulf Spill

A federal judge rejected BP Plc’s bid to use insurance coverage from Transocean Ltd to cover costs stemming from last year’s record oil spill in the Gulf of Mexico. Tuesday’s decision by U.S. District Judge Carl Barbier in New Orleans …