Japanese Firm Sues BP

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Moex Offshore LLC, a unit of Japan's Mitsui, which held a 10% non-operating interest in the Macondo well, sued BP, the project's operator, for economic damages related to the ill-fated project and the subsequent oil spill. News of the suit comes just one day shy of the one-year anniversary of the Deepwater Horizon rig explosion, which led to 11 deaths and the largest oil spill in U.S. history.

Moex has asked a federal judge in New Orleans to declare it is not responsible for damages and cleanup costs resulting from the spill, according to Bloomberg News. The company is pointing the finger straight at BP, claiming Europe's second-largest oil company is responsible for the spill.

BP (BP) has previously said it expects partners with non-operating interests in the Macondo well, including Moex, to pay a portion of the damages that is proportionate to their respective stakes in the project. Anadarko Petroleum (APC) would be one of those partners because the firm held a 25% non-operating interest in the project, but like Moex, Anadarko has refused to pay and blames BP for the spill.

Moex also accused Transocean (RIG), the world's largest provider of offshore drilling services, of gross negligence. Switzerland-based Transocean was the owner of the Deepwater Horizon.

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