*+-Transocean Ltd., owner of the rig that sank in the 2010 Macondo disaster in the Gulf of Mexico, joined Halliburton Co. in settling all remaining issues with BP Plc.
*+-In Transocean’s latest fleet update summary released this afternoon, their 6th generation drill ship Discoverer Americas will be officially heading back to the Gulf of Mexico this summer after her contract was renegotiated with Statoil. Its current day rate, while operating off the coast of Tanzania is $735,000 per day, however in May, her new rate […]
*+-Considering the 4.5 years of legal battles Transocean (NYSE:RIG) has faced since the Deepwater Horizon tragedy, the involvement of activist investor Carl Icahn, and the now utterly abysmal offshore drilling market, the news in mid-February of then CEO Steven Newman’s abrupt departure wasn’t that big of a surprise. It did leave those of us standing on the […]
*+-In March 2010, long-time Transocean CEO Robert Long turned over the reins to then COO Steven Newman. For Newman, this was an exciting opportunity to lead his company forward as the top dog in the offshore drilling business, while at the same time work out any kinks left over from the merger of Transocean with […]