GOM Oil Spill, Multiple Companies Implicated
According to a May 8 report from the New York Times, Congress is preparing to hold hearings on the April 20 explosion that sank the Deepwater Horizon oil rig. Implicated are BP (BP), the British company that leased the deepwater rig, Transocean (RIG), the rig’s owner and operator, Halliburton, which handled a critical procedure about a day before the accident, and Cameron International (CAM), which made the blowout preventer that failed to engage. All four companies have been summoned to Capitol Hill to answer questions.
(Source: New York Times)