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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.
Transocean's Deepwater Horizon offshore oil rig exploded in the Gulf of Mexico more than four months ago, killing 11 of its crew and injuring 17. But the investigation into what happened on April ...
A daily look at legal news and the business of law: Transocean's Slimy Moves Transocean (RIG), one of the three companies involved in the Gulf oil disaster, is revealing itself as the stereotype ...
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]
In 2008 and 2009, the surveys ranked Transocean last among deep-water drillers for "job quality" and second to last in 'overall satisfaction'. For three years before the merger, Transocean was the leader or near the top in both measures. Transocean ranked first in 2008 and 2009 in a category that gauges its in-house safety and environmental ...
Investor confidence in Transocean has soared after the offshore drilling contractor agreed to pay a $1.4 billion fine over five years to resolve claims arising from the Gulf of Mexico oil spill ...
May 13 – Tony Hayward calls the oil spill "relatively tiny" in comparison with the size of the "ocean." [60] 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. [61]
The ghosts of oil spills past are still haunting Transocean (NYS: RIG) . In the fourth quarter, the company reported a $1 billion estimated loss contingency in relation to the Macondo Well ...