The Deepwater Horizon rig, owned by Transocean Ltd. (NYSE: RIG), exploded on April 20, killing 11 workers. The rig sank two days later and had been leaking massive amounts of oil into the Gulf of Mexico until July 15 when a cap placed over the ruptured well halted the flow of oil.The Houston Business Journal is providing continuous coverage of the Gulf oil spill. Copyright 2010 American City Business Journals http://houston.bizjournals.com/houston/stories/2010/07/12/daily47.html?ana=thestreet
By Houston Business Journal filed a claim with BP to be reimbursed for costs and lost profits resulting from the Deepwater Horizon incident. The producer of Omega-3 fish oil and specialty fish meal products said that between April and July 9, it had caught just 68 percent of the fish that it caught last year during the same 12-week period.