Tag: transocean

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 »

Appeals court rejects delay of spill subpoenas

A federal appeals court denied Transocean’s effort to delay compliance with subpoenas related to the deadly 2010 explosion on its Deepwater Horizon offshore rig.  More »

US makes final pitch to Gulf oil spill judge to hit BP, others with punitive damages

BP’s spread-the-blame strategy is evidence of a corporate culture at the British oil giant that caused the 2010 Gulf of Mexico oil spill, the U.S. government said in a court filing Friday that is likely its final push to encourage a federal judge to make the company subject to billions of dollars in punitive damages.  More »

BP warns some Gulf oil spill claimants may have to give money back

BP is sending hundreds of letters this week to lawyers representing claimants whom BP believes received excessive business economic loss payments. The steering committee that negotiated the settlement with BP called the letters a “hollow intimidation tactic.”  More »

Plaintiffs ask judge to impose punitive damages over spill

Plaintiffs claiming harm from the 2010 Gulf of Mexico oil spill pressed a judge Friday to hammer BP, Transocean and Halliburton with punitive damages, insisting that overwhelming evidence shows the companies willfully disregarded the environment and worker safety.  More »

Gulf spill victims fight companies’ effort to gut punitive damage claims

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 oust chairman,but reject Icahn dividend proposal

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

Transocean chairman’s retirement: submission or strategy?

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 Chairman Talbert to step down amid fight with Icahn

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 »

War of words intensifies over Transocean board shakeup effort

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 »

Opposition to Icahn’s Transocean dividend proposal grows

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 »
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