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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.
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 ...
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]
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 ...
Transocean stock offers affordable exposure to rising energy prices in 2022. Investors should consider adding shares of Transocean as the company boasts an industry-leading backlog of big-ticket ...
Discoverer Enterprise is a fifth generation deepwater double hulled dynamically positioned drillship (ASTANO FPSO design) owned and operated by Transocean Offshore Deepwater Drilling Inc., capable of operating in moderate environments and water depths up to 3,049 m (10,000 ft) using an 18.75 in (47.6 cm), 15,000 psi blowout preventer (BOP), and a 21 in (53 cm) outside diameter (OD) marine ...
The portfolio managers seek opportunities in companies that are not only trading below intrinsic value, but compound asset value at double-digit rates. Third Avenue Value Fund Swaps Ocean Rig for ...
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 ...