Transocean Rig News Today

Adequately to the kind of spill we are seeing in the gulf of mexico. we have to use this as the opportunity to ensure that the safeguards are put in place and not allow the industry to, once again, escape from the safety regulation the american people right now want because they are horrified watching every day this catastrophic event. >> one of the things we talked about on last nights show that seems more pressing to me because of the conflict of interest by the judge who ruled against the mor...

By this judge, we went through trying to learn as much as we could about the energy companies hes invested in, theres a lot. it took a lot of time. if you dont consider them, he owned exxon stock while he was holding hearings in this case. >> right. >> even if that was the only thing true, wouldnt that alone disqualify him from getting the case? >> absolutely. any stock that he owned where there was a direct relationship. we are not talking about somebody who owned shares of oil companies in the...

In terms of the safety requirements that would have to be put in place because that accident would be an offshore spill. the same way the transocean rig is really registered in the marshall islands and norwegians determine how safe it is and move it into the gulf of mexico. its one thing to drill offshore. itis another thing to offshore safety regulations. itis whats been happening. im afraid the judge is part of this. one of the ways i got to congress 34 years ago, i had a piece of legislation ...

Are we using what we have already. not only are we at the bottom of the barrel, but bp and everyone else is making it up from the beginning. bp obviously did not know what they were talking about from the jump shot and the top kill. all the way through the submarine, a couple days ago accidentally knocking over a part of the containment device at the bottom of the ocean. we are really beyond the capacity of an industry that under estimated safety. they assumed an accident could not happen. the r...

Holdings. look. bp. its not just this judges potential financial interest in bp alone. its always been noted this week this judge had and sold stock in the drilling company transocean, which owned the deep water horizon rig that blew up in the gulf. this judge held stock in a company called the noble corporation. noble is definitely one of the companies affected by the deep water drilling ban. they are operating two drilling rigs in the gulf of mexico sitting idle because of the drilling ban. ev...

Plaintiffs, the local economy, the gulf region, and the critical present day aspect of the availability of domestic energy in this country. the judges ruling was surprisingly enough applauded by big oil. and judge feldman like many in the gulf region happens to own a large number of stocks in the energy industry. in his 2008 filing, the judges holdings were indicated as 17 different energy company stocks, including transocean, which built the failed rig, halliburton, which cemented the failed ri...

See where the holes are in this safety process is something that i think is necessary. and if its not fully and completely finished could lead to irreparable harm. because the one thing we dont need is two rigs at the bottom of the gulf of mexico. >> and it is superb to see the secretary of the interior doing something and doing something in a hurry in the wake of that ruling. ed markey of massachusetts, happening to be with us as we try to understand the breaking news. thank you for your insigh...

Been happening. and so to go back to review, to see where the holes are in this safety process is something that i think is necessary. and if its not fully and completely finished could lead to irreparable harm. because the one thing we dont need is two rigs at the bottom of the gulf of mexico. >> and it is superb to see the secretary of the interior doing something and doing something in a hurry in the wake of that ruling. congressman ed markey of massachusetts happening to be with us as we try...

Moratorium complained there was not enough justification for it and one additional paragraph here. salazar pointed to indications of inadequate safety precautions on deepwater wells. he said he would issue a new document saying a moratorium is needed. your reaction to that as we get a little more flesh on these bones. >> good. what he clearly has done is fill out the record. so, for example, transocean. this rig which bp was using was a transocean rig, which by the way was registered in the mars...

Necessary in the wake of the gulf oil spill. the judge who struck down the moratorium complained there was not enough justification for it and one additional paragraph here. salazar pointed to indications of inadequate safety precautions on deepwater wells. he said he would issue a new document saying a moratorium is needed. your reaction to that as we get a little more flesh on these bones. >> good. what he clearly has done is fill out the record. so, for example, transocean. this rig which bp ...