News Focus
News Focus
icon url

3xBuBu

06/22/11 1:06 PM

#67692 RE: Mt. Blanc #67691

chance again, WAG Jul 16 2011 44.0 Call @0.43


icon url

vinnybotz

06/22/11 1:09 PM

#67693 RE: Mt. Blanc #67691

sold zagg $13 puts yesterday @1.30. i lucked out big time. im looking to get back in soon.
icon url

vinnybotz

06/22/11 1:26 PM

#67696 RE: Mt. Blanc #67691

Buy Open
15
ZAGG Jul 16 '11 $14 Put
Limit Day 0.8500 0.8500†
Executed
icon url

3xBuBu

06/22/11 1:41 PM

#67698 RE: Mt. Blanc #67691

ZAGG Jul 2011 13.000 put
(ZAGG110716P00013000)@0.50


icon url

3xBuBu

06/22/11 5:58 PM

#67708 RE: Mt. Blanc #67691

Transocean blames BP for Gulf spill

Transocean, the owner of the Deepwater Horizon rig at the centre of last year’s Gulf of Mexico oil spill, has blamed BP, as operator of the well, for decisions that it said ultimately led to the fatal disaster.

The conclusions, reached after an internal investigation into the incident, found that a succession of decisions on well design, construction and plans for the Macondo well – many of which were taken by BP in the two weeks leading up to the accident on April 20 – had compromised the integrity of the well and compounded the likelihood of its failure.

The decisions, claimed Transocean, were “driven by BP’s knowledge that the geological window for safe drilling was becoming increasingly narrow”. The company’s conclusions mark the latest salvo in the legal battle with BP over who was responsible for the accident which killed 11 workers and led to the biggest ever accidental offshore oil spill. BP, said the report, failed to properly assess, manage and communicate risk to its contractors.

Transocean alleges that in the two weeks preceding the accident BP changed its plans for the well five times and that the final procedure ultimately implemented never received the required regulatory approval. It also takes issue with BP’s design of the well and the cement programme which was handled by Halliburton. “The resulting cement programme was of minimal quantity, left little margin for error, and was not tested adequately before or after the cementing operation,” Transocean said.

Transocean also said its blow-out preventer, a device designed as a last resort to close off a well, was properly maintained, but the extreme pressure from the well forced the drill pipe to bend, preventing the shears from cutting the pipe.

The findings contrast with some of the broader conclusions found in two earlier US government reports that put some of the blame on the rig owner.
http://www.ft.com/intl/cms/s/0/3d02d580-9cc8-11e0-bf57-00144feabdc0.html#axzz1Q2pJK8W1