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.

Business: 
Companies: 
General: 

Popular Stories

Scientists solve mystery of early supermassive black holes

The birth of early supermassive black holes has... Read More

Waymo seeks injunction against Otto and Uber

Google Inc. parent firm Alphabet-owned Waymo has... Read More

Great Barrier Reef experiencing coral bleaching for second consecutive year

The health of Australia’s Great Barrier Reef is in... Read More

Google Cloud acquires Kaggle

The Google Cloud Platform announced on Wednesday... Read More