BP Plc has filed for damages totaling more than $80 billion from Halliburton and Transocean a year after the Gulf of Mexico rig explosion that killed 11 workers and spewed millions of barrels of oil into the sea.

Analysts said BP had little chance of winning the cases and was more likely trying to force the companies to settle.

Read the complete Reuters story, “BP sues Halliburton, Transocean over oil spill and blast.”

Read more about the anniversary of the explosion in “Deepwater Horizon: One Year Later,” from the April 2011 issue of InsideCounsel.