Transocean, Shell and DSME to delay two drillship deliveries

OCTOBER 26, 2015 — In yet another indication of the slowdown in global offshore drilling activity, Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today reported a mutual agreement with customer Shell EP Wells

Gard: Six takeaways from Deepwater Horizon

AUGUST 3, 2015 — Arendal, Norway, headquartered P&I club Gard notes that last month’s settlement by BP brings to an end the outstanding major claim elements of Deepwater Horizon case.The current estimate

Idled rigs hinder Transocean’s 2015 earnings

NOVEMBER 19, 2014—Equity research firm Cowen and Company says publicly traded offshore drilling contractor Transocean’s November Fleet Update Summary has “negative implications for the stock.” Traded on the New York Stock Exchange

BP “grossly negligent” in Deepwater Horizon case

SEPTEMBER 5, 2014 — BP was grossly negligent in the 2010 Deepwater Horizon disaster, U.S. District Judge Carl Barbier ruled yesterday in New Orleans. The finding of gross negligence rather than simple

Icahn pushes for changes at Transocean

APRIL 4, 2013—Billionaire investor Carl C. Icahn would like to see some drastic changes at the world’s largest offshore drilling company, beginning with voting in three new board members. Icahn has sent

Federal judge accepts Transocean guilty plea

FEBRUARY 15, 2013 — U.S. District Judge Jane Triche Milazzo of the Eastern District of Louisiana, yesterday accepted Transocean Deepwater Inc.’s plea of guilty to a violation of the Clean Water Act

Transocean to sell off shallow water rigs

SEPTEMBER 10, 2012—Increasing its focus on deepwater, giant offshore drilling contractor Transocean Ltd. has inked a definitive agreements to sell 38 shallow water drilling rigs to a newly formed company Shelf Drilling