Deepwater Horizon Halliburton. BP issued a statement strongly disagreeing with the finding, and saying the court's decision would be appealed. On 8 December 2014, The US Supreme Court rejected BP's legal challenge to a compensation deal over the 2010 Gulf of Mexico oil spill. The settlement agreement had no cap, but BP initially estimated that it would pay roughly $7.8bn (£6.1bn) to compensate victims. Deepwater Horizon Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig owned by Transocean. Built in 2001 in South Korea by Hyundai Heavy Industries, the rig was commissioned by R&B Falcon (a later asset of Transocean),
Volume and extent of the Deepwater Horizon oil spill approached the Delta National Wildlife Refuge and Breton National Wildlife Refuge. On 19 May 2010, both NOAA and other scientists monitoring the spill with the European Space Agency Envisat radar satellite stated that oil had reached the Loop Current, which flows clockwise around the Gulf of Mexico towards Florida and then joins the Gulf Stream along the U.S. east coast. On 29 June 2010, NOAA determined that the oil slick was no longer a threat to the loop current and stopped tracking offshore oil predictions that include the loop currents region. The omission is noted prominently on the ongoing nearshore