Oil Spill After-Effects

.

A year after the terrible oil spill that had occurred in the Gulf of Mexico, the oil giant BP has filed a case against the Halliburton and Transocean for the damages they incurred during the disaster.

The oil spill had killed 11 workers and thousands of aquatic animals. The effects of the oil spill took an entire year to go away completely. BP has sued them for an amount of $80billion.

According to the analysts, the chances of BP winning the case are bleak. They were of the view that the more likely option for them as of now is to try and bring the other firm to a sort of settlement outside court. Experts perched in that any further involvement in lawsuits would further damage the reputation of BP.

Digging deep any further in the issue would also result in revelation of nasty details as to how the accident had occurred and the reasons for the same; this would further tarnish the reputation of the firm.

"It's got a fairly low chance of being successful”, said one analyst. "I get the feeling that there is positioning going on here for a settlement”, he added further.


Latest News

Amtrak will Keep Trains Running on the Kansas and Missouri Routes
Canadian Starbucks Stores will Raise Prices of Certain Drink by 10 to 20 cents S
Banks Submit Contingency Plan to Handle Crisis Situation Smoothly without Affect
Greek Prime Minister Expected to Present New Proposals at eurozone Summit
New Measures Introduced by China to Boost Economy Fail to Bring Long-lasting Con
Overwhelming ‘No’ vote by Greeks Make the Nation’s Future Uncertain
CPUC Votes Unanimously to Support a Revised Version of Electricity Pricing
It’s Quite Likely that Greek Bank Customers have to Bear More Financial Pain
JetBlue Starts Weekly Charter Flights to Havana from  New York
Californians Will Face Changes in Electricity Bill as PUC Gets Ready to Vote on
Increase in the Number of U.S. Oil Drilling Rigs Break the 29 Week Successive De
Though Employers Hire at Steady Rate Wages Remain Flat