External Content

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

(Bloomberg) -- BP Plc isn’t covered under Transocean Ltd.’s insurance policies for the doomed Macondo well project, the Texas Supreme Court said, blocking the oil company’s access to $750 million to pay costs from the 2010 oil spill.

The decision conflicts with an earlier ruling by a U.S. appeals court that Transocean’s carriers couldn’t deny coverage for pollution-related liabilities for a disaster that has already cost the oil company more than $28 billion.

To contact the reporter on this story: Margaret Cronin Fisk in Detroit at mcfisk@bloomberg.net

To contact the editor responsible for this story: Charles Carter at ccarter12@bloomberg.net

Neuer Inhalt

Horizontal Line


subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.







Click here to see more newsletters

The citizens' meeting

The citizens' meeting

The citizens' meeting

Bloomberg