BP Headed To $55 As Gulf Spill Blame Gets Split With Contractors

BP saw its stock rise by 5% on Wednesday as the Bureau of Ocean Energy Management, Regulation and Maintenance released its report on the causes of the Macondo blowout that resulted in the death of 11 workers on board the Deepwater Horizon and the discharge of approximately 5 million barrels of crude oil into the Gulf of Mexico. [1]

While holding BP responsible for some of the decisions that led to the blowout, the report also shed some light on the lack of regulation and the role of BP’s contractors Transocean and Halliburton in the disaster. The three firms are locked in a legal battle over their share of the blame for the disaster.

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- Posted: 2011-09-16 12:14:08

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