Search results
Results from the WOW.Com Content Network
The company was formed in 2001 by the merger of Global Marine and Santa Fe International Corporation. [2] In March 2003, the company temporarily suspended operations in Kuwait ahead of the Iraq War. [3] [4] In May 2004, the company sold its worldwide land drilling assets to Precision Drilling for $316.5 million. [5] [6]
Shareholders of GlobalSantaFe Corporation received $15 billion of cash as well as stock in the new company for their shares. Robert E. Rose, who was non-executive chairman of GlobalSantaFe, was made Transocean's chairman. Rose had been chairman of Global Marine prior to its 2001 merger with Santa Fe International Corporation. [17]
Global Marine, a drilling contractor which merged with Santa Fe International Corporation to form GlobalSantaFe Corporation. Now part of Transocean. Glomar Challenger, the drillship used for the Deep Sea Drilling Project; Glomar Explorer, a large salvage vessel built by the CIA
Icahn claims that management "destroyed approximately $11 billion of shareholder value," primarily through its 2007 acquisition of fellow driller Global Santa Fe.
Trading on the New York Stock Exchange will end mid-day Tuesday, with markets being closed through Christmas Day. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Monday ...
Image source: Getty Images. 1. Lockheed Martin. After its stock price reached an all-time high earlier this year, Lockheed Martin and its defense contractor peers have sold off considerably over ...
On 16 July 2002, G-BJVX, a Sikorsky S-76A helicopter operated by Norwich-based Bristow Helicopters, crashed into the southern North Sea while it was making a ten-minute flight between the gas production platform Clipper and the drilling rig Global Santa Fe Monarch, after which it was to return to Norwich Airport. The 22-year-old helicopter was ...
By the end of the 1980s, the company was a leader in natural gas pipeline distribution, exploration and production, and offshore drilling. In 1993, the company's Sonat Offshore division was spun off as Sonat Offshore Drilling, Inc. In June 1995, the company sold its remaining stake in Sonat Offshore division to stockholders. [3]