Ruling indemnifies Transocean from Gulf spill damage claims

01/26/2012 | Wall Street Journal, The

U.S. District Judge Carl Barbier ordered BP to indemnify Transocean from compensatory damages linked to the Gulf of Mexico oil spill. However, Transocean won't be protected from potential civil penalties or punitive damages under the federal Clean Water Act, the ruling stated. "This confirms that BP is responsible for all economic damages caused by the oil that leaked from its Macondo well," said Brian Kennedy, a spokesman for Transocean.

View Full Article in:

Wall Street Journal, The

Published in Brief: