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

Noble Group Announced Its Chief Executive Yusuf Alireza is Resigning due to “Fam
Puerto Rico Gets Some Relief with Rescue Bill and Demand and Improving Agricultu
PageProof Learnt from the U.S Market, Language is Important!
James Bullard St. Louis Federal Reserve President says Global Markets Appear to
Memorial Day Sales Kicks Off with Retailers Offering Big Discounts
Coca Cola to Roll Out Limited Edition “Proud to be an American’ Cans this Weeken
Groups clash at Trump event in San Diego
Missouri declares emergency over heavy rains
U.S. Labor Secretary Announced Verizon and Unions have Reach an “Agreement in Pr
Different Reports Suggest Jawbone Might be in Trouble
U.S Economy Gaining Steam and Janet Yellen Hints at Interest Rate Increases in C
Hearing Scheduled on June 7 for Lawsuit over Redstone Trust