Transocean CEO Steven Newman said the company’s crew on the Deepwater Horizon “should have done more” to prevent the rig’s 2010 explosion in the Gulf of Mexico.
BP lost an effort to eliminate the possibility of a finding of gross negligence that might trigger fines as much as $17.6bn in the trial over the 2010 Gulf of Mexico oil spill.
BP Exploration and Production Inc. pleaded guilty Tuesday to 14 criminal counts for its illegal conduct leading to and after the 2010 Deepwater Horizon disaster, and was sentenced to pay $4bn in criminal fines and penalties, the largest criminal resolution in U.S. history, Attorney General Holder has announced.
The Securities and Exchange Commission has charged BP p.l.c. with misleading investors while its Deepwater Horizon oil rig was gushing into the Gulf of Mexico by significantly understating the flow rate in multiple reports filed with the SEC.