Transocean gives bonuses after Gulf of Mexico BP spill

"The offshore drilling firm responsible for running the Deepwater Horizon rig has given its top executives bonuses for its "best year" for safety.

Transocean was blamed along with BP and Halliburton after last year's massive spill in the Gulf of Mexico.

Eleven workers, nine of whom worked for Transocean, died when the Deepwater Horizon exploded almost a year ago."

Read more here

-------

Note:  More greedy fat cats laughing at the rest of us.  Wow - if that was a "best year" for safety one must wonder what a bad year looks like.  Enjoy your oily shrimp.  Perhaps it won't be so bad compared to the radioactive stuff you can get from Japan.  

Where is the justice?  It is obvious that the legal system here in the 'states is designed to protect rich criminals at the expense of the rest of us.  

BP Strikes £10bn Deal To Explore Arctic Oil

"City analysts said the tie-up would leave BP well-placed to capitalise on Russian oil interests, but may risk upsetting US investors.

Justin Urquhart Stewart, co-founder of Seven Investment Management, said: "This is going to have some serious repercussions in America, because they do not take kindly to Russia taking serious control in any areas.

"But in terms of BP, it gives them fantastic access to the large oil fields in the Arctic."

Energy Secretary Chris Huhne said the Government welcomed the new partnership, adding that after the events of last year, this showed that BP was "very much open for business"."

read more here

BP shuts Alaska pipeline after leak

"The Trans-Alaska pipeline system, which transports oil from the Prudhoe Bay field, was closed on Saturday following the discovery of a leak. The incident is expected to drive up oil prices, and could mean motorists face even higher costs at the pumps.

Prudhoe Bay is America's largest oil reserve. BP is the largest shareholder in the company which runs the Trans-Alaska pipeline, calledAlyeska Pipeline Service."

-----Read more here