Nearly two years after the worst accidental offshore oil spill in the
history of the energy industry, some of the biggest companies in the
world are busy pointing their legal fingers at one another in court over
who has to pay what in claims, damages and fines over the deadly
Deepwater Horizon oil spill. A federal judge this week ruled that BP is
still obligated to a clause in its contract with Transocean that would
protect the rig owner from damages related to the spill. That means BP
still has to shell out money to settle claims filed by those along the
southern U.S. coast impacted by the spill. BP, meanwhile, is suing
Halliburton, something Halliburton said was ridiculous. If the legal
mess over Chevron's case involving Ecuador is any indication, former BP
boss Tony Hayward will be pushing 80 before this gets settled.
Oil
gushed from the Macondo well thousands of feet below the surface for
most of the summer of 2010 before crews were finally able to control the
spill. Fishing lanes were closed and the coastal tourism sector, still
recovering from Hurricane Katrina, suffered dearly. Eleven rig workers
were killed.
A federal report determined a faulty cement barrier
was at least one of the underlying causes of the accident. In October,
the government outlined seven different violations for operator BP, four
for rig-owner Transocean and four for Halliburton, which worked on the
cement barrier. BP sued Halliburton, which said it was looking forward
to court.