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Transocean was rated as a leader in its industry for many years. However, since the company's 2007 merger with GlobalSantaFe, Transocean's reputation has suffered considerably, according to EnergyPoint Research, an independent oil service industry rating firm. From 2004 to 2007, Transocean was the leader or near the top among deep-water ...
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]
Between 2005 and 2007, Transocean was the owner of 30% of oil rigs active in the Gulf, and 33% of the incidents that triggered a Minerals Management Service (MMS) investigation took place on Transocean rigs. However, in the 3 years from 2008 to February 15, 2010, Transocean was the owner of 42% of rigs active in the Gulf but was responsible for ...
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 ...
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 effects are visible in shallow ecosystems suffering from coral bleaching, but less is known about the impact on deeper areas of the ocean such as the mesophotic or “twilight” zone, which ...
Transocean's Development Driller III started drilling a first relief well on May 2 and was at 13,978 feet (4,260 m) out of 18,000 feet (5,500 m) as of June 14. GSF Development Driller II started drilling a second relief on May 16 and was halted at 8,576 feet (2,614 m) out of 18,000 feet (5,500 m) as of June 14 while BP engineers verified the ...
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 ...