BP Sues Transocean Over Blowout Preventer

BP is suing Transocean for at least $40 billion in damages. It accuses the rig owner of causing last year's deadly blowout in the Gulf of Mexico that led to the worst offshore oil spill in U.S. history.

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This week we're marking the first anniversary of the BP oil spill in the Gulf of Mexico with a series of stories, including one elsewhere in the program this morning. Here's a quick update on the lawsuits the spill has spawned. They just keep multiplying, and BP has been the main target.

But yesterday, BP filed suit against two companies. BP says that Cameron International supplied a faulty blowout preventer that failed to cap the well after it exploded. And BP is also accusing the rig's owner, Transocean, of negligence for providing safety systems that did not work. BP is seeking billions of dollars from the two companies.

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