Transocean wins one indemnification battle
January 27, 2012
BP has been told by US District Judge Carl Barbier that it must cover Switzerland-based Transocean for compensation-related loss to third parties as a result of oil spilled below the ocean surface. Transocean was the owner of the Deepwater Horizon semi-submersible rig that caught fire after the Macondo well suffered a blow-out on the Gulf of Mexico sea bed in April 2010. However, the judge also ruled that BP would not have...


