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...In December, Vantage Drilling in the US, which has three deepwater drillships, filed for bankruptcy protection....
...Madrid, Spain, 1964 Series: Spill On April 20 2010, BP’s Deepwater Horizon drilling rig exploded in the Gulf of Mexico killing 11 crewmen, injuring 17 and releasing 4.9m barrels of oil into the sea....
...But the attention of many owners was focused far away on the waters off the US Gulf coast – the site of the Deepwater Horizon disaster....
...“Continuing drilling at these depths without knowing what happened does not make sense,” said Robert Gibbs, the White House spokesman, adding that the “safety” issues required extra caution....
...Deepwater drillers moved lower on Wednesday after the Obama administration said it would appeal against a federal judge’s decision to overturn the government’s six-month moratorium on deepwater oil drilling...
...Drill ship charter rates are falling, following the tail-off in activity after the Deepwater Horizon accident in the Gulf of Mexico....
...The shares have fallen almost 40 per cent since the Deepwater accident was announced....
...At one point, politicians were telling BP to pay wages to all oil workers laid off as a result of Mr Obama’s suspension of gulf drilling, including those employed by others....
...Related links: Brave Punt – FT Alphaville Hayward’s departure: ‘not if, but when’ – Robert Peston What are BP dividend swaps telling us?...
...Robert Long, Transocean chief executive, will run the combined group while Jon Marshall, his counterpart at GlobalSantaFe, will be president and chief operating officer....
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