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Old 05-29-2010, 07:45 PM
 
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May 29 (Bloomberg) -- Transocean Ltd.’s request that its liability in connection with what may be the largest oil spill in U.S. history be limited to $26.7 million is “simply unconscionable,” the Justice Department said.
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Geneva-based Transocean, the world’s largest deep-water driller, filed its request for limited liability on May 13 in federal court in Houston. The company’s petition... denied responsibility for the explosion and spill.
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Executives of BP, Transocean and Halliburton Co., the contractor involved in cementing the well, have pointed at each other in testimony before Congress in assigning blame for the explosion.

Transocean Request to Cap Damages Challenged by U.S. (Update1) - Bloomberg.com
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