Newman abruptly stepped down this week as president and CEO of Transocean (RIG), the huge offshore drilling company that has been slammed by the decline in crude oil prices. Transocean said the company and Newman "mutually …
Transocean Ltd (NYSE:RIG) traded in a range yesterday that spanned from a low of $11.77 to a high of $12.29. Yesterday, the shares gained 3.6%, which took the trading range above the 3-day high of $12.14 on volume of 7.2 …
This time the so-called "bully" has his elbow in the chest of offshore oil driller, Transocean Ltd. (NYSE: RIG). Armed with his lawyers, Icahn intends to twist the company's arm in order to get it to pay a $4 dividend to investors. For current …
ALP had tasked one if its tugs with moving Transocean Winner from Norway to the Mediterranean in August last year. Gale force winds hit the towing operation off the Scottish coast. An investigation into the grounding highlighted the lack …
Brazilian authorities have filed criminal charges against US based oil company Chevron Corporation (NYSE:CVX) and drill operator Transocean LTD (NYSE:RIG) for an oil spill off the coast of Rio de Janeiro back in November. Eduardo Santos …
Icahn also said he planned to talk to Transocean management about business and strategy, as well as the possible addition of shareholder-selected nominees to its board of directors. After paying a dividend in 2011 that was its first in …
Transocean agreed last year to pay the U.S. government $1 billion in civil penalties over the spill. The cases are BP Exploration and Production Inc. v. U.S. and Anadarko Petroleum Corp v. U.S., U.S. Supreme Court, Nos 14-1217 and …
To wit, he upgraded Transocean (RIG) to Buy from Hold, with a $13 price target, while downgrading Diamond Offshore Drilling (DO) to Underperform from Hold, while maintaining a $15 price target. Handler writes that Transocean offers an …
State of Tennessee Treasury Department increased its position in shares of Transocean by 0.5% during the second quarter. The stock traded with the …