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Fines on horizon for BP, Transocean and Halliburton

Drilling officials issue citations related to Gulf oil spill

Yesterday U.S. offshore-drilling regulators issued citations against BP and two of its contractors—Transocean Ltd. and Halliburton Co.—for violating drilling regulations that led to last year’s Deepwater Horizon oil spill. The citations likely will lead to hefty fines for the companies.

The Bureau of Safety and Environmental Enforcement filed a total of 15 incidents of noncompliance against the companies. While experts expected the government to issue citations against BP, some were surprised by the regulators’ citations against Transocean and Halliburton, which owned the Deepwater Horizon rig and cemented the well, respectively. According to the Wall Street Journal, contractors typically have avoided liability in similar accidents.

Ashley Post

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