August 22, 2017

BP sues Deepwater Horizon owner Transocean for $40 billion

One year on and the blanket media coverage has gone. The little people in the Gulf are still paying the price though.

BP is suing Transocean, the owner of the Deepwater Horizon oil rig that exploded in the Gulf of Mexico last year, for $40 billion in damages.

BP said safety systems on Swiss-based, Transocean’s, Deepwater Horizon rig had failed.

Just so Tranocean doesn’t feel too singled out, BP is also suing Cameron International, the Houston company that supplied the blowout preventer than was a bit lacking in the ‘prevention’ department.

Both lawsuits were filed on Wednesday on the first anniversary of the explosion, which killed 11 workers and triggered the worst oil spill in US history.

On 20th April 2010, Transocean’s Deepwater Horizon oil rig burst into flames while drilling a well for BP.

The oil spill took months to stop and an estimated 200 million gallons of oil spewed into the Gulf of Mexico.

So far BP has been saddled with the liability for the spill including the clean-up and compensation costs. Now they want others to share the experience.

The BP lawsuit states, “The Deepwater Horizon BOP was unreasonably dangerous, and has caused and continues to cause harm, loss, injuries, and damages to BP (and others) stemming from the blowout of Macondo well” and resulting spill, the BP lawsuit said.

Cameron has filed counter-claims and defended the integrity of its products. Transocean did not immediately comment on the BP lawsuit but has also requested court judgements against BP, Cameron and others.

Apparently Wednesday being the first anniversary was the deadline for filing lawsuits in relation to the disaster. No wonder there was a flurry of activity.

The consumers and tax payers of the world have long ago accepted that we foot the bill for this disaster indirectly. Newswarped just hopes that the thousands of small businesses on the Gulf coast who have been devastated by the disaster, get adequate compensation for their loss and disruption of trade.