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Transocean Ltd. Transocean Ltd. is an American drilling company. [2] It is the world's largest offshore drilling contractor based on revenue and is based in Vernier, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia. [3]
Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig [7] owned by Transocean and operated by the BP company. On April 20, 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]
Deepwater Horizon was a floating semi-submersible drilling unit —a fifth-generation, ultra-deepwater, dynamically positioned, column-stabilized drilling rig owned by Transocean and built in South Korea. The platform was 396 feet (121 m) long and 256 feet (78 m) wide and could operate in waters up to 8,000 feet (2,400 m) deep, to a maximum ...
The report stated that, although the events leading to the sinking of Deepwater Horizon were set into motion by the failure to prevent a well blowout, the investigation revealed numerous systems deficiencies, and acts and omissions by Transocean and its Deepwater Horizon crew, that had an adverse impact on the ability to prevent or limit the ...
Transocean (NYS: RIG) can't seem to get out of its own way in the offshore drilling market. At a time when ultra-deepwater drilling rigs are in super-high demand the company may be kicked out of ...
June 22 – Mark E. Hafle, a senior drilling engineer at BP, warns that the metal casing for the blowout preventer might collapse under high pressure. [10] October 7 – The Transocean Marianas semi-submersible rig begins drilling the Macondo well. [11] November 9 – Hurricane Ida damages Transocean Marianas enough that it has to be replaced. [11]
Transocean (NYS: RIG) is finally making a big move to get rid of shallow water drilling rigs to focus on the ultra-deepwater market that is driving the industry. In a deal announced yesterday, the ...
Activist investor Carl Icahn has bought 1.56% of Transocean's shares. In the following video, Foolish senior analyst Mike Olsen explains why he sees the move as a long-term win for shareholders.