Individuals, businesses and states suing over the 2010 Gulf of Mexico oil spill are trying to prevent cement contractor Halliburton and rig owner Transocean from pulling the rug out from under their case before a federal judge rules on whether the companies were grossly negligent.  More »

Transocean shareholders Friday rejected billionaire investor Carl Icahn’s proposal for a $4-a-share dividend, a spokesman says.  More »

The sudden announcement Monday that Transocean’s board chairman plans to retire could be viewed as an acknowledgement that billionaire investor Carl Icahn has the votes to get the incumbent ousted at this week’s contentious annual meeting.  More »

Transocean Ltd. (RIG), the world’s largest offshore oil rig contractor, said Chairman Michael Talbert plans to step down as the company fights board nominees from billionaire investor Carl Icahn.  More »

Transocean said Friday that dissident shareholder Carl Icahn’s three nominees to serve on the company’s board are “captive to his misguided agenda” in a regulatory filing that stepped up the war of words between the Swiss drilling contractor and the billionaire investor.  More »

Another independent shareholder advocacy group has come out against billionaire investor Carl Icahn’s proposal for Swiss drilling contractor Transocean to issue a $4-a-share dividend.  More »

Transocean Ltd. expects to achieve $300 million in annualized cost savings after a restructuring initiative that included divesting 38 offshore rigs in the fourth quarter and eliminating shore-based jobs.  More »

A judge has ordered BP to turn over to the U.S. government and Transocean some previously withheld documents that involve discussions by its lawyers about how to prepare the company’s responses to investigative inquiries about the amount of oil that was flowing after the 2010 Gulf of Mexico disaster.  More »

One of Carl Icahn’s three nominees to serve on Transocean’s board has been dogged for nearly a decade by a criminal complaint in Spain that accuses him of taking part in a multi-million dollar fraud against employees of a company where he used to be an executive.  More »

Swiss drilling contractor Transocean Ltd. is defending its board and business strategy anew amid a corporate governance advocacy group’s support for two of the three directors being put forth at the company’s annual meeting by dissident shareholder Carl Icahn.  More »

The federal judge who must decide whether BP and its partners committed gross negligence in connection with the 2010 Gulf of Mexico oil spill is offering some clues as to how he will formulate his decision.  More »

The three main companies linked to the deadly rig blast and massive oil spill in the Gulf of Mexico in 2010 rolled the dice when they went to trial rather than settle a web of civil suits and claims over the disaster.  More »