Transocean Adopts No-Apology Strategy in Blaming BP

Transocean Adopts No-Apology Strategy in Blaming BP Play

July 1 (Bloomberg) -- Fourteen months after the Deepwater Horizon drilling rig exploded 50 miles (80 kilometers) southeast of Venice, Louisiana, killing 11 men and setting off the largest offshore oil spill in U.S. history, Transocean Ltd., the company that owned and ran the ill-fated 32,600-ton vessel, issued its official account of what happened and why. In a report released on June 22, Transocean said the fatal disaster and subsequent oil spill stemmed in part from faulty decision-making by BP Plc. Paul Barrett discusses Bloomberg Businessweek's latest cover story on Bloomberg Television's "InsideTrack." (Source: Bloomberg)

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