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Transocean Ltd. is an American drilling company. 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.
Trans-Ocean News Service. Transocean News Service (also Trans-Ocean News Service) was a wireless German news agency headquartered in Berlin, Germany. It was closed by the Allied occupation government after the German capitulation in May 1945. The agency was founded in 1914 in response to Britain ’s cutting of transatlantic cables to Germany ...
Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig owned by Transocean and operated by BP.On 20 April 2010, while drilling 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.
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 ...
Transocean has the lowest returns on equity, with returns in the negative numbers, resulting from its negative net margins. Transocean has seen major declines in its net margins from last year.
I recently wrote about how Transocean's (NYS: RIG) latest earnings could be misleading, since paper losses are a big part of the company's latest financial statements. While revenues generated ...
On September 4, 2014, U.S. District Judge Carl Barbier ruled in the Clean Water Act trial that BP was guilty of gross negligence and willful misconduct under the Act. He described BP's actions as "reckless," while he said Transocean's and Halliburton's actions were "negligent." He apportioned 67% of the blame for the spill to BP, 30% to ...
The Deepwater Horizon oil spill (also referred to as the "BP oil spill") was an environmental disaster which began on 20 April 2010, off the coast of the United States in the Gulf of Mexico on the BP-operated Macondo Prospect, considered the largest marine oil spill in the history of the petroleum industry and estimated to be 8 to 31 percent larger in volume than the previous largest, the ...