Gulf Oil Spill Testimony: Executives- BP, Transocean, Halliburton
Oil Executives Senate Testimonies: BP, Transocean, Halliburton Executives To Play Blame Game on Capital Hill
The Gulf Oil Spill continues with no apparent end in site. As oil spews in the Gulf of Mexico executives from three companies involved with the explosion, fire and leak on the Deepwater Horizon are in Washington, D.C. to testify before Congress.
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Judging by the prepared statements from BP, Halliburton and Transocean the blame game has begun in the April 20th explosion aboard the Deepwater Horizon that killed 11 workers and set off the worst oil spill in American history.
BP owns the oil that is spewing into the Gulf of Mexico. Transocean owns the deep sea rig the Deepwater Horizon and was contracted by BP. Halliburton, an energy services provider the cementing or casing for the oil well.
Executives from BP say;
...the safety device that was supposed to cut oil flow on the ocean floor in the event of a well blowout did not perform its function. "That was to be the fail-safe in case of an accident," says Lamar McKay, chairman of BP America, adding that the blowout protector--like the rig itself--was owned by Transocean.
Transocean's President Steven Newman said BP was accountable for the oil spill but Halliburton was responsible for gulf oil spill
Transocean's prepared testimony for Tuesday's hearings pins the explosion on the failure of this cementing or casing to plug the underwater well.
"The one thing we know with certainty is that ... there was a sudden, catastrophic failure of the cement, the casing or both," according to Newman's prepared remarks.
Halliburton says they followed the rules, and followed the contract as stipulated by Transocean and BP.
The oil executives were greeted by protesters prior to their testimony before the Senate Energy and Natural Resources Committee.