BP Withdraws Bid for Transocean’s $750M Insurance

BP Plc won’t seek to access Transocean Ltd.’s $750 million insurance policy for the Deepwater Horizon rig, which exploded while drilling a BP well in 2010, sparking the worst offshore spill in U.S. history. London-based BP notified the Texas Supreme …

The article BP Withdraws Bid for Transocean’s $750M Insurance appeared first on Insurance Journal.

from Insurance Journal » News