Transocean gives bonuses for ’safety’ after Gulf of Mexico oil spill
April 4th, 2011 - 5:58 pm ICT by ANI
London, Apr.4 (ANI): The American offshore oil and gas drilling contractor, Transocean, which is also responsible for running the Deepwater Horizon rig, has paid its top executives bonuses for its “best year” in terms of safety, despite a deadly explosion in the rig last year, which killed 11 workers and caused a huge oil spill in the area.
Transocean said there has been a drop in the rate of recorded incidents and in their potential severity, in the past year.
The Deepwater Horizon had exploded on April 20 2010, causing millions of gallons of oil to pour unabated into the Gulf of Mexico, prompting President Barack Obama to call the incident America’s environmental 9/11.
Before the well was capped in July, the spill affected the coastlines of four states and scared tourists away. Many fishing grounds were also closed due to the spill.
However, the true environmental and economic impact may not be known for years, BBC reports.
A presidential commission had concluded that the explosion had been caused by cost cutting and directly blamed Transocean, BP and Halliburton for the disaster.
The company’s annual report acknowledges the explosion on the rig, but adds that the company had exceeded internal safety targets.
Transocean had claimed that BP is solely responsible for the oil spill, whereas BP contends that Transocean shares liability. (ANI)
- "Poor safety culture" onboard Deepwater Horizon led to last year's massive Gulf oil spill - Apr 23, 2011
- US blames BP's poor decisions for Gulf oil spill - Sep 15, 2011
- BP sues Cameron, Deepwater Horizon owner Transocean over Gulf of Mexico oil spill - Apr 21, 2011
- US allows BP to drill new Gulf deepwater wells - Oct 22, 2011
- US terms reports of BP resuming Gulf of Mexico drilling as 'misconception' - Apr 05, 2011
- BP seeks to resume drilling in Gulf of Mexico - Apr 04, 2011
- Investigation begins into Gulf of Mexico oil spill - May 11, 2010
- BP's 'cost-cutting decisions' blamed for 'avoidable' Gulf of Mexico oil spill - Jan 06, 2011
- 'Gulf oil spill criticises BP for disaster, but charges against company is unlikely' - Jan 07, 2011
- BP to pay $7.8 bn to victims of oil spill - Mar 05, 2012
- BP sued over gulf oil spill - Dec 16, 2010
- Investigation report blames failure of 'blowout preventer' for Gulf of Mexico oil spill - Mar 24, 2011
- BP lacked basic safety in North Sea: Probe - Sep 15, 2010
- Eight failures that led to Gulf oil spill - Sep 09, 2010
- BP chief executive Tony Hayward to step down (Lead) - Jul 25, 2010
Tags: barack obama, bbc reports, coastlines, cost cutting, deadly explosion, drilling contractor, economic impact, fishing grounds, four states, gulf of mexico, gulf of mexico oil, gulf of mexico oil spill, halliburton, internal safety, offshore oil, oil and gas, oil and gas drilling, rig, top executives, transocean