Home Peak Oil Facts News Commentary OilSlick Newsletter Stock Picks Special Reports Bookstore FREE TRIAL Subscribe
 

Transocean Blames BP For Gulf Spill

Printer Friendly Version

Transocean, the owner of the Deepwater Horizon rig, which exploded in April 2010, killing 11 workers, creating the largest oil spill in U.S. history, laid the blame for the tragedy squarely at the doorstep of BP, the British oil giant that was the rig's operator.

In an internal report released today, Switzerland-based Transocean said BP used a ''faulty'' well design, failed to check the integrity of cement used to seal the well, and decided on a plan to close up the well that ''created unnecessary risk,'' the Washington Post reported.

Transocean (RIG), the world's largest provider of offshore drilling services, did acknowledge that some of its crew members failed to discover signs that hydrocarbons had broken through the Macondo well's cement and steel barriers, but the company contends that poor information given to the crew by BP hid signs of looming disaster.

For its part, BP (BP), Europe's second-largest oil company, fired back, calling the Transocean report an ''advocacy piece,'' the Post reported. BP claims Transocean is merely highlighting the most favorable facts surrounding the spill in order to bolster its legal strategy.

BP added that Transocean ''continues to take every opportunity to avoid its responsibilities,'' the Post reported.

Archives:20092010201120122013
Peak Oil Facts

Peak Oil - The term Peak Oil is very over used and misunderstood. Peak oil does not mean the end of oil production. Peak Oil, A Brief Description

Saudi Arabia - The largest oil producer on the planet is also the most secretive about their production and reserves. Saudi Arabia, Smoke and Mirrors

China - Much is said about China's growing oil demand with consumption in China up +250% over the last four years. China, A Bear on the Prowl

Oil Production - It is very tough to get accurate numbers on global oil production since OPEC chooses not to release any data. Global Oil Production

Oil Demand - Global oil demand is a very hard number to pin down but it is safe to say that demand will exceed supply very soon. Global Oil Demand

Bakken Shale - What about the trillions of barrels in the Bakken Shale in North Dakota? Bakken Shale

Read more about Peak Oil here: Peak Oil Facts




Copyright 2007 - 2013 OilSlick.com.
Do not duplicate or redistribute in any form.


Privacy Statement
Disclaimer
Terms of Service
Contact Us