Friday, September 3, 2010

Britain to Talk with Transocean (NYSE:RIG), BP (NYSE:BP) Over North Sea Safety

After some intense talks between oil companies and the U.S. government over the BP (NYSE:BP) oil spill, ministers of Parliament in Britain have asked Paul King, the head of North Sea operations for Transocean (NYSE:RIG), to answer questions concerning the safety of drilling in deep waters off the coast of the UK.

Also participating in the testimonies will be executives from BP (NYSE:BP).

Drilling continues close to the Shetland islands of Britain, generating concerns over the consequences if an accident were to happen in those waters.

Talks will begin next week over the issue.

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