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Your daily dose of news and tidbits from the world of money in politics: CONGRESSMEN DUMPED TRANSOCEAN STOCK IN OIL SPILL AFTERMATH: Several congressmen were eager to sever all ties with the companies responsible for one of the biggest …
OpenSecrets.org · 6/20/2011
As part of the offering, George Economou, Chairman, President and CEO of Ocean Rig, is purchasing $10 million, or roughly 1.43 million shares, of common stock in the offering at the public offering price, a number of common shares that maintains his direct ...
24/7 Wall ST · 6/3/2015
Shares and bonds of BP (BP.L), the energy giant that hired the rig, weakened on Tuesday as markets reacted to the failure of the energy giant's latest effort to contain the worst oil spill in U.S. history. For details, click [ID:nN01262229] BP fell close ...
Reuters · 6/1/2010
It’s Personal Financial Disclosure Day in Washington, and noticeably absent from the 2009 financial records of a few members of Congress are their previous holdings in BP and Transocean. Senator John Kerry, D-Mass. Three senators — John Kerry …
Houston Chronicle · 6/16/2010
An FBR Capital Markets analyst said Friday that shares of Transocean Inc. have been battered too harshly in connection with the oil spill in the Gulf of Mexico. Robert MacKenzie thinks the stock has room to recover if the oil leak slows over the weekend.
Businessweek · 5/7/2010
A federal judge in New Orleans on Tuesday sided with the oil industry, striking down the temporary moratorium on new offshore exploration and deepwater drilling the Obama administration imposed last month. That judge, it turns out, has in recent years had ...
Mother Jones · ByKate Sheppard · 6/22/2010
Transocean’s business and stock price are suffering because of the 50 percent drop in the price of oil since June, which is slowing expensive deepwater drilling. The company is still recovering from the 2010 Deepwater Horizon rig explosion that left 11 ...
New York Times · ByClifford Krauss · 2/16/2015
We are upgrading Transocean to Buy from Neutral and raising our price target to $70 from $56. We believe Transocean's (ticker: RIG) recent dividend, cost-reduction target, board of directors, speculative new builds, and master limited partner (MLP ...
Barron's · 11/14/2013
It turns out that Goldman Sachs really did place shorts on TransOcean stock days before the explosions rocked the rig in the Gulf of Mexico sending stocks plunging while GS profits soared -- benefitting once again from a huge disaster, having done the …
Examiner · 5/5/2010
Scott Walker delivered tough talk on Beijing in foreign-policy addresses Friday, as U.S. markets have suffered following China’s stock-market crash. “The Chinese government’s efforts to devalue its currency and rig
Wall Street Journal · 7 hours ago
China

Transocean

Transocean Ltd. is one of the world's largest offshore drilling contractors. The Swiss-based company rents floating mobile drill rigs, along with the e…
Transocean Ltd. is one of the world's largest offshore drilling contractors. The Swiss-based company rents floating mobile drill rigs, along with the equipment and personnel for operations, to oil and gas companies at an average daily rate of US$282,700. Transocean's day rates extend as high as US$650,000 for its deep-water drillships, which house dual activity derricks and can drill in ultra-deep ocean depths of 10,000 ft. In 2010, Transocean has been implicated in the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in the Gulf of Mexico.
Data from: Wikipedia