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Transocean CEO says firm had safety problems before Gulf oil spill

March 19, 2013, 11:45 am

Originally posted by Simone Sebastian - Houston Chronicle - March 19, 2013

NEW ORLEANS — Swiss drilling contractor Transocean knew it had a high-potential safety problem across its company months before the 2010 Gulf of Mexico oil spill because it had  suffered four rig deaths in a span of just 92 days, the company’s chief executive officer testified Tuesday.

CEO Steve Newman said at a civil trial over the Gulf disaster in federal court in New Orleans that he sent a memo to staff in fall 2009 that said he was concerned about the increasing number of major incidents. He testified that Transocean needed to work quickly and decisively to fix the problem and “stop the fatalities.”

Gulf Oil Spill Trial Begins

February 26, 2013, 3:47 pm

Originally posted by Corey Olson - KTRH - February 26th, 2013

Nearly three years after the Deepwater Horizon oil spill in the Gulf of Mexico, the trial is underway to determine exactly who is responsible for the disaster, and how much that responsibility will cost.  The defendants are BP, Transocean, and Halliburton. Attorney Brent Coon has handled many cases stemming from the spill and is watching this trial closely.  He tells KTRH that there is plenty of responsibility to go around. "BP owned the oil concession for drilling this oil, Transocean was the rig owner, and Halliburton made the cement that was to plug the well," he explains.  Nevertheless, BP has been the big name attached to the disaster, and if Monday's opening arguments are any indication, the other defendants want to keep it that way.  "To no surprise, most of the parties in the case, including Halliburton and Transocean, are trying to point the fingers at BP," says Coon.

Guilty: Transocean convicted in Gulf of Mexico oil spill

February 14, 2013, 10:26 am

Originally posted by Harry Weber - Houston Chronicle - February 14, 2013

NEW ORLEANS – The owner of the deep-water rig that exploded and sank in the Gulf of Mexico nearly three years ago after an undersea well blew out is now the second company to be convicted of a crime stemming from the deadly disaster.

Transocean to pay $1.4B fine for Gulf oil spill

January 4, 2013, 9:57 am

Transocean, the drilling company that owned the oil rig implicated in the catastrophic Deepwater Horizon oil spill in the Gulf of Mexico, will plead guilty to violating the Clean Water Act and pay a $1.4 billion fine, the Justice Department said Thursday.

Spill claimants may get second chance

November 26, 2012, 9:33 am

BP and some plaintiffs' lawyers in the litigation over the 2010 Gulf oil spill are asking a federal judge to give claimants who asked to leave a proposed class-action settlement another chance to participate.

Is the BP Criminal Settlement Enough?

November 12, 2012, 12:14 pm

BP and the Department of Justice announced on Thursday that they had reached an agreement on a record fine stemming from criminal charges related to the 2009 Deepwater Horizon disaster.

Judge must decide who can withdraw from spill deal

November 9, 2012, 9:25 am

Thousands of Gulf Coast residents claiming economic or health damages from the 2010 oil spill have told a New Orleans federal judge they don’t want to participate in a class action settlement, and now he has to decide which ones he’ll allow to opt out.

BP Oil Spill – Time to Settle?

November 2, 2012, 9:06 am

BEAUMONT, Texas - It's decision time for many whose livelihoods were affected by the 2010 Deepwater Horizon blowout in the Gulf of Mexico. Private claims of economic hardship against oil giant British Petroleum (BP) will become part of a class-action settlement process, with participants likely forfeiting the right to sue later on their own unless they formally opt out of the deal this week.

Beaumont attorney Brent Coon represents about 14,000 claimants associated with the fishing, tourism and oil industries from the five Gulf states.

BP Spill Settlement Opt-Outs to Increase With Deadline Today

November 1, 2012, 9:07 am

Lawyers for as many as 10,000 potential plaintiffs pursuing claims over BP Plc (BP/)’s 2010 Gulf of Mexico oil spill said their clients today will opt out or reject the company’s $7.8 billion settlement reached in March.

“I’m not trying to hold the settlement hostage, but there are too many technical problems” with the claims process, said Houston-based lawyer Brent Coon, who said he will opt out as many as 5,000 clients today. The process set up after the agreement was reached has been “slow, arduous and unexplainable,” Coon said.

Alaskans' pain set stage for Gulf spill victims' gain

October 31, 2012, 1:08 pm

As a federal judge considers whether to approve a huge civil settlement in the 2010 oil spill, thousands of Gulf Coast residents owe their day in court to a law that arose from the Exxon Valdez disaster 23 years ago.

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