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Transocean lobs legal bomb at BP

Drilling contractor files summary judgment motion to force BP to indemnify it against Deepwater damages

When not drilling for oil, Transocean Ltd. also is effective at boring into its legal adversaries. The Swiss drilling rig owner yesterday filed a motion for summary judgment in the U.S. District Court for the Eastern District of Louisiana looking to put the screws to BP Plc, forcing the petroleum company to honor its contractual obligation and indemnify Transocean against damages as a result of the Deepwater Horizon disaster.

The two companies have been battling in courtrooms over the past year, focusing mainly on whether Transocean should be on the hook for part of the billions in costs and penalties owed to the U.S. government as a result of the spill. A federal investigation fingered both parties as culpable.

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