Owner of sunken oil rig defends Transocean's safety record

The chief executive of Transocean Ltd., whose drilling rig exploded last month in the Gulf of Mexico and triggered the largest oil spill in North American history, on Thursday defended the company's safety policies. Steven Newman, Transocean's president and chief executive, told industry analysts during a conference call on the company's quarterly earnings that it would be "premature'' and "inappropriate'' to speculate on what caused the April 20 blast that sank the $600 million rig and left 11 crew members missing and presumed dead. Read more: http://www.miamiherald.com/2010/05/06/1616780/owner-of-sunken-oil-rig-defends.html#ixzz0nBOQGarf

Lawyers flock to Gulf Coast for oil spill lawsuits

MIAMI — Teams of lawyers from around the nation are mobilizing for a gargantuan legal battle over the massive Gulf Coast oil spill, filing multiple lawsuits in recent days that together could dwarf the half-billion dollars awarded in the Exxon Valdez disaster two decades ago. If the oil slick fouls popular beaches, ruins fisheries and disrupts traffic on the Mississippi River, attorneys say there could be hundreds of thousands of plaintiffs from Texas to Florida seeking monetary damages from oil producer BP PLC and other companies that ran the Transocean Deepwater Horizon drilling rig. At least 26 federal lawsuits have been filed since the spill by commercial fishermen, charter boat captains, resort management companies and individual property owners in Louisiana, Florida, Alabama and Mississippi. Many of the suits claim the disaster was caused when workers for oil services contractor Halliburton Inc. improperly capped a well — a process known as cementing. Halliburton denied that. Investigators are still looking into the cause.

Coast Guard Continues Searching for Missing Workers in Oil Rig/Platform Explosion

At least four Mississippi men were among 11 workers missing after an oil rig explosion off the Louisiana coast. The Coast Guard continued its search by sea and air Thursday as anxious families huddled around telephones awaiting hourly updates from authorities. "We're all just sitting around waiting for the phone to ring and hoping for good news. And praying about it," said 23-year-old Andrea Cochran, whose father, Dewey Revette, was among the missing. Revette, a 48-year-old from Wayne County in southeast Mississippi, worked as a driller on the rig and has been with rig owner Transocean Ltd. for 29 years. Several people from Wayne County, near the Alabama line, were on the rig. Like much of Mississippi, Wayne County is a rural area with few high-paying jobs, so many of the men there head for the oil fields to support their families.

Potential for big spill after oil rig sinks

PORT FOURCHON, La. - The oil rig that exploded, caught fire and then sank 36 hours later could lead to a major oil spill, officials said Thursday, and as a result a remotely operated vehicle is surveying the seas and assets ranging from aircraft to containment booms are ready to be deployed. At a press conference, the officials also said hope was running out for 11 workers still missing after the blast Tuesday night off the coast of Louisiana. The Coast Guard said its search would probably continue for another 12 hours or so.

Workers Missing After Oil-Rig Explosion - 11 remain missing

Twelve people were missing and seven critically injured after an explosion and fire at an oil-drilling rig in the Gulf of Mexico. A Coast Guard rescue helicopter and crew document the fire aboard the mobile offshore drilling unit Deepwater Horizon, while searching for survivors. .The rig, about 41 miles off the Louisiana coast, is owned and operated by Transocean Ltd. and contracted to British oil major BP PLC. A spokesman for Transocean said most of the 126 people on board were safe. A Coast Guard spokeswoman said 12 were still missing but said reports indicated that all 126 people got off the rig. The rig was still burning and listing. Four Coast Guard helicopters and an airplane are being used in rescue operations and five Coast Guard cutters are also responding, the Coast Guard said. "We are still in a search and rescue operation," Transocean spokesman Greg Panagos said. Billy Nungesser, president of Plaquemines Parish, has said that the missing people were in a lifeboat that drifted away from the rig while rescue workers were helping others. __________________________________ 11 remain missing on Thrusday::: One lawsuit filed

NEW ORLEANS (AP) — A lawsuit is claiming the companies involved in an oil platform explosion off the Louisiana coast were negligent. The lawsuit was filed in New Orleans on Thursday on behalf of a Mississippi man who worked on the rig and is one of 11 people still missing after the blast. The lawsuit says Shane Roshto, of Amite (Ah-mit) County, Miss., was thrown overboard in the Tuesday night explosion and is feared dead. The rig is owned by Transocean Ltd. and was under contract to oil giant BP. Both are defendants in the lawsuit. A Transocean spokesman did not immediately respond to a request for comment and BP wouldn't discuss the suit.

As Drilling Increases, Maritime Accidents Will Inevitably Rise

April 01, 2010 /24-7PressRelease/ -- As Drilling Increases, Maritime Accidents Will Inevitably Rise. Increased crude oil production in the Gulf of Mexico has sparked hope that the recession will soon end. As the nation returns to economic health, shipping lanes, ports and the gulf oil and gas production and drilling industry will get busier with goods moving in and out. That is good news for the area and the rest of the country. The bad news, however, is that worker injuries on the often-dangerous oil rigs, drill ships, supply and crew boats, and inland vessels such as tugboats and towboats, typically rise as production increases.