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POINTING FINGERS Transocean Blames BP for Spill James Edward Bates / MCT / Getty Images

Transocean Blames BP for Spill

Transocean, the owner and operator of the drilling rig destroyed during the BP oil spill, has released a report claiming that the oil company is to blame for the three month disaster, because of a “faulty” well design and failure to inspect the sealing cement. The company acknowledged its own fault for its crew’s failure to detect the hydrocarbons breaching the Macando well, while still claiming that the rig crew was given “bad” information by BP that “masked” any sign of trouble. BP has already set aside $40 billion for clean up and legal costs, not including pledges by other associated companies and investors.

June 22, 2011 1:46 PM