Rig owners to pay the price for US Gulf blast
BURN OUT: The Deepwater Horizon on fire before she sank. Analysts and underwriters estimate that the incident will cost energy insurers up to US$1.3bn.
OWNERS of offshore drilling rigs are facing potentially higher insurance premiums and additional safety procedures in the aftermath of last week’s deadly rig disaster in the US Gulf of Mexico.
The world’s largest rig owner Transocean lost its US$560m...
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