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),
Guimaras oil spill Guimaras oil spill The Guimaras oil spill occurred in the Panay Gulf on August 11, 2006 when the oil tanker M/T "Solar 1" sank off the coast of Guimaras and Negros islands in the Philippines, causing what is considered as the worst oil spill in the country. The oil tanker M/T "Solar 1", carrying more than two million liters of bunker fuel, sank during a violent storm approximately off the southern coast of Guimaras at around midnight on August 11, 2006, causing some of oil to pour into the gulf, that traveled up through the Guimaras Strait and Iloilo Strait.