Tag: transocean

Moody’s: Many US energy companies on investors’ hit list

Activist investors are getting impatient with oil producers who have redirected large investments from U.S. shale gas to liquid plays, building out projects that often take years to become profitable, according to Moody’s Investors Service.  More »

Transocean’s fourth-quarter profit drops

The company also announced Wednesday that it awarded contracts worth $1.2 billion for construction of two new ultradeep-water drillships.  More »

Noble leads offshore drillers lower amid rig slowdown

Noble Corp. led a decline among offshore deep-water drilling contractors after saying the industry may be experiencing a “pause in the cycle” after years of growth fueled by oil and natural gas discoveries.  More »

Transocean reaches $1.1 billion dividend accord with Icahn

Oil driller Transocean has agreed to a deal with billionaire investor Carl Icahn after a months-long proxy fight.  More »

Transocean profits on increased drilling contracts

Rig operator Transocean earned $546 million during the third quarter.  More »

Transocean engineer: BP abandoned well-capping plan with no explanation

Three years ago, Turlak had been part of a well control team assigned to work on a well-capping method that would place a blowout preventer on another blowout preventer, which Turlak said he regarded as a safe method.  More »

Brazil judge dismisses case against Chevron, Transocean

A federal court official in Rio de Janeiro Tuesday said that judge Raffaele Felice Pirro decided to dismiss the case on Friday after Chevron agreed to pay the equivalent of about $150 million in “compensatory activities.”  More »

Noble Corp. spinoff mirrors industry focus on new fleets

The Swiss offshore drilling contractor wants to improve the quality of its fleet by sending its aging assets to market next year and focusing on its newer, more advanced vessels. In the offshore contracting world, Noble is not alone.  More »

Halliburton pleads guilty to criminal charge in Gulf oil spill case

Nearly three-and-a-half years after a deadly rig explosion and massive oil spill in the Gulf of Mexico, the company that supplied the cement for the well that blew out pleaded guilty to a misdemeanor criminal charge in the case.  More »

Prosecutors ask federal judge to accept Halliburton’s Gulf spill guilty plea

Halliburton and the Justice Department are asking a federal judge to accept the cement contractor’s guilty plea to destroying evidence in the probe of the 2010 Gulf of Mexico oil spill.  More »

Appeals court withdraws insurance ruling that favored BP in Gulf spill case

A federal appeals court Thursday withdrew a previous decision allowing British oil giant BP to tap insurance policies held by Swiss drilling contractor Transocean to help cover damages from the 2010 Gulf of Mexico oil spill.  More »

Experts clash on estimates of oil spilled into Gulf

A sparring match between some of the world’s top scientists over how much oil spewed into the sea following the 2010 Gulf of Mexico disaster is heating up as a civil trial is set to resume next month.  More »
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