Tuesday, March 19, 2013

Transocean CEO: Deepwater Horizon Crew “Should Have Done More”

By Allen Johnson Jr. and Margaret Cronin Fisk (Bloomberg) — Transocean Ltd. crew on the Deepwater Horizon “should have done more” to prevent the rig’s explosion in the Gulf of...

March 19, 2013
Total Views: 64

Friday, March 15, 2013
Stena carron drillship

Statoil Contracts the Stena Carron to Drill off Angola, Sends the Discoverer Americas to Mozambique

Statoil announced today that they have signed a three year contract with Stena Drilling to contract their drillship, Stena Carron, for exploration drilling in the pre-salt blocks (Blocks 38 and 39)...

March 15, 2013
Total Views: 8

Thursday, March 7, 2013

Icahn Hopes to Shake Things up at Transocean, Proposes 3 New Board Members

(Bloomberg) — Billionaire investor Carl Icahn proposed three new Transocean Ltd. board candidates and said he’d push for a higher dividend after the world’s largest rig contractor offered what he...

March 7, 2013
Total Views: 2

Monday, March 4, 2013

Icahn Applies Pressure to Transocean Board, Dividend Reinstated

(Bloomberg) — Transocean Ltd., the owner of the Deepwater Horizon rig that exploded while drilling in the U.S. Gulf of Mexico in 2010, reinstated dividend payments following pressure from billionaire...

March 4, 2013
Total Views: 2

Monday, February 25, 2013
deepwater horizon fire

Gulf Oil Spill Trial Begins With Billions of Dollars at Stake

By Jef Feeley and Allen Johnson Jr. (Bloomberg) — BP Plc, Transocean Ltd. and Halliburton Co. are seeking to avoid billions of dollars in damages by proving in court that...

February 25, 2013
Total Views: 3

Thursday, February 21, 2013
chevron frade fpso

Chevron, Transocean Say Brazil Has Dropped Criminal Charges From Frade Oil Spill

By Jeb Blount RIO DE JANEIRO, Feb 20 (Reuters) – A Brazilian judge dropped criminal charges against Chevron Corp, Transocean Ltd and 17 of their employees related to a November...

February 21, 2013
Total Views: 5

Tuesday, February 19, 2013

Transocean’s $1 Billion Gulf Oil Spill Settlement Approved

By Margaret Cronin Fisk (Bloomberg) — Transocean Ltd. won court approval of its $1 billion settlement with the U.S. of pollution claims stemming from the 2010 Gulf of Mexico oil-rig...

February 19, 2013
Total Views: 2

Thursday, February 14, 2013

Transocean Guilty Plea Accepted by Judge, Investors React Positively

Transocean Ltd. and federal prosecutors won approval of the oil driller’s agreement to plead guilty to violating the U.S. Clean Water Act for its role in the April 2010 Gulf...

February 14, 2013
Total Views: 0

Sunday, February 10, 2013
unclos united nations law of the sea

New Commission Created to Protect “Vast Areas” of World’s Oceans Neglected by UNCLOS 1982

By Environment Correspondent Alister Doyle OSLO, Feb 11 (Reuters) – The high seas that cover almost half the Earth’s surface are a treasure trove with little legal protection from growing...

February 10, 2013
Total Views: 24

Saturday, February 9, 2013
transocean deepwater horizon disaster bp

Transocean Urges U.S. District Judge to Accept Guilty Plea

(Bloomberg) — Transocean Ltd. and federal prosecutors urged a judge to accept the oil driller’s agreement to plead guilty to a criminal charge over its role in the 2010 Gulf...

February 9, 2013
Total Views: 1

Saturday, January 26, 2013
transocean offshore

Transocean Shares Jump Almost 3 Percent After Icahn Suggests $4 Dividend

Jan. 25 (Bloomberg) — Billionaire investor Carl Icahn called on Transocean Ltd. to issue a $4-a-share dividend and said he will propose the dividend at the next meeting if the...

January 26, 2013
Total Views: 2

Tuesday, January 15, 2013

Icahn’s Transocean Buy Pushes Offshore Driller Toward Partnership

Jan. 16 (Bloomberg) — Carl Icahn’s new stake in Transocean Ltd. may raise pressure on the world’s largest offshore driller to split off some of its rigs into a tax-advantaged...

January 15, 2013
Total Views: 0

Monday, January 14, 2013

Icahn Could be a Game-Changer for Transocean

Transocean Ltd., the world’s largest offshore rig operator, climbed to the highest in 10 months after billionaire investor Carl Icahn said he’s acquired a 1.56 percent stake and is seeking...

January 14, 2013
Total Views: 3

Sunday, January 13, 2013
carl icahn reuters

“The Icahn Lift,” Is Transocean Poised for Another Big Jump?

Deep water drilling firm Transocean (NYSE:RIG) reported this evening that billionaire investor Carl Icahn has notified them that he is seeking approval to potentially acquire voting securities in an amount exceeding...

January 13, 2013
Total Views: 1

Thursday, January 3, 2013
deepwater horizon disaster

RIG Stock Rebounds as Transocean Reaches Settlement in Deepwater Horizon Disaster [UPDATE]

*UPDATE* ZUG, SWITZERLAND-Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that it has reached an agreement with the U.S. Department of Justice to resolve certain outstanding civil and potential criminal...

January 3, 2013
Total Views: 4

Friday, November 16, 2012
dual activity drillship derrick

Transocean Wins Dual Activity Lawsuit Against Maersk

(Bloomberg) — Transocean Ltd., the world’s largest offshore rig contractor, won an appeals court ruling that reinstates a $15 million jury verdict against shipping company A.P. Moeller Maersk A/S over...

November 16, 2012
Total Views: 33

Monday, November 5, 2012

Macondo Tragedy Still Plagues Transocean Even as Revenue Jumps 23%

Transocean Ltd.’s (RIG, RIGN.VX) third-quarter loss widened as asset impairment and other items masked the offshore-drilling company’s revenue growth. Transocean owned the Deepwater Horizon, the rig that exploded and sank...

November 5, 2012
Total Views: 0

Friday, October 12, 2012

New Oil Slick Shakes Up BP Liability Talks

HOUSTON–As U.S. officials and BP PLC negotiate to resolve the company’s liability for the Deepwater Horizon spill, some local and state officials are citing a newly discovered oil slick as evidence that...

October 12, 2012
Total Views: 2

Monday, October 1, 2012

Petrobras Sees Transocean Ban Lifted, Proving Who Really Wears the Pants in Brazil

(Bloomberg) — Transocean Ltd., the world’s biggest offshore driller, can keep renting equipment to Petroleo Brasileiro SA after Brazil’s top court partially lifted a ban on operations related to an oil spill....

October 1, 2012
Total Views: 1

Sunday, September 30, 2012
brasil stj Supremo Tribunal de Justiça

Brazilian Superior Court Suspends Injunction Against Transocean

With Petrobras, and thus Brazil, standing to lose $3 billion or more in lost revenues due to missed oil and gas production targets,  the head of Brazil’s Superior Court of...

September 30, 2012
Total Views: 0