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Transocean Ltd. is an American drilling company. [2] It is the world's largest offshore drilling contractor based on revenue and is based in Steinhausen, Switzerland . [ 3 ] [ 4 ] The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.
The Deepwater Horizon explosion and oil spill resulted in an onslaught of litigation. call if firef commenced almost immediately after the explosion and oil spill. By May 27, 2010, Transocean, which owned the Deepwater Horizon, said in testimony before the U.S. House Judiciary Committee that it was defendant in 120 lawsuits, of which more than 80 were class actions seeking payment for ...
Tony Hayward calls the oil spill "relatively tiny" in comparison with the size of the "ocean." [21] Transocean files in the U.S. District Court for the Southern District of Texas to limit its liability under the Limitation of Shipowner's Liability Act to just its interest in the Deepwater Horizon which it values at $26,764,083, Transocean said ...
The Third Avenue Value Fund (Trades, Portfolio), part of the late Martin Whitman's Third Avenue Management (Trades, Portfolio), disclosed it established one new position and exited four others ...
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Oil driller Transocean has a number of broad catalysts working in its favor. The global economic recovery remains steady, and demand for energy is rising, particularly in the emerging markets.
Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig [7] owned by Transocean and operated by the BP company. On 20 April 2010, while drilling in the Gulf of Mexico at the Macondo Prospect, a blowout caused an explosion on the rig that killed 11 crewmen and ignited a fireball visible from 40 miles (64 km) away. [8]
Transocean DC-4. Known for the first few months of its existence as Orvis Nelson Air Transport (or ONAT), Transocean Air Lines was a supplemental air carrier, a type of US airline defined and regulated by the Civil Aeronautics Board (CAB), the now defunct Federal agency that, from 1938 to 1978, tightly regulated almost all US commercial air transportation.