Transocean: no corners were cut

The chief executive of Transocean, owner of the rig destroyed after BP’s Macondo well blew out in 2010, told a federal judge yesterday that his workers made mistakes that day, but were not responsible for overall safety on the rig. “We acknowledge that we should have done more,” Steven Newman said, yet he denied that Transocean cut corners when it came to safety procedures on the rig. BP executives have accepted the company’s role in the accident, but believe Transocean and well cementing provider Halliburton both share some of the blame.