(Dow Jones) Offshore oil-drilling contractor Transocean Ltd., newly clear of some legal clouds from its role in the 2010 Gulf of Mexico disaster, faces significant operational and financial challenges that [...]
U.S. District Judge Carl Barbier ruled yesterday that Transocean’s contract with BP, while drilling the Macondo Well, shielded Transocean from any pollution-related claims resulting from the largest accidental oil spill [...]
A Brazilian prosecutor plans to file criminal charges against Chevron Corporation and some of its managers for their role in the Frade oil spill that occurred offshore Brazil in November, [...]
Transocean, the world’s largest offshore drilling contractor, has announced yet another senior-level executive has resigned. Transocean made the announcement yesterday that its Vice President, Controller and Principle Accounting Officer, Robert [...]
Chevron Nigeria reports they have suspended their search for the 2 missing rig workers from the jack up rig that blew out and caught fire on 16 January. It has [...]
On 16 January 2011, a jack-up drilling rig offshore Nigeria caught fire, forcing a complete evacuation. 2 rig workers are still reported missing, and according to the latest press release [...]
Transocean Ltd. (NYSE: RIG), the world’s largest offshore drilling contractor, said today that its Executive Vice President and Chief Financial Officer, Ricardo Rosa, will step down from the position effective January 9, 2012 [...]
By John Lyons And Daniel Gilbert SÃO PAULO—Brazil’s Federal Police are asking a federal prosecutor to indict as many as 17 Chevron Corp. and Transocean Ltd. employees, including Chevron’s Brazil [...]
A Shell-contracted deepwater drilling rig accidently spilled 319 barrels of oily mud into the sea yesterday while operating in in the Gulf of Mexico’s Mississippi Canyon. This news is not [...]
SAO PAULO (Dow Jones)–Brazil’s federal prosecutor on Wednesday said it wants Chevron Corp (CVX) and Transocean Ltd (RIG, RIGN.VX) to shut down operations in Brazil, as it sues the two [...]
Transocean Ltd. (RIG, RIGN.VX) said it is offering 26 million shares of its common stock as the offshore oil drilling giant looks to raise funds to help refinance a recent [...]
Despite Chevron taking full responsibility (and up until now the majority of heat from Brazil’s oil regulating agency, ANP) for the estimated 5,000 to 8,000 barrels of oil that leaked [...]
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