Now trading just under $56 a share, Transocean has fought its way back from a low below $40 in the years since its Deepwater Horzon rig hired by BP PLC exploded, killing 11 workers and triggering the worst offshore oil spill in U.S. …
This is good news for Transocean investors who have recently seen the value of Transocean (NYSE:RIG) stock plummet to levels not seen since the immediate wake of the Deepwater Horizon disaster. Transocean’s stock is currently up …
The company could also face up to $20 billion in civil fines under the Clean Water Act. As for Transocean, its stock rose 7 percent following yesterday’s settlement announcement.
The disaster that killed 11 workers and spilled millions of gallons of oil into the Gulf of Mexico didn't just crush BP's stock. It also sank shares of offshore driller Transocean, which owned and operated the Deepwater Horizon (which BP had …
Transocean, the world’s largest offshore rig owner, has a new chief financial officer, who’s actually an old chief financial officer. On Monday, Gregory Cauthen returned to the job he left more than a year ago. Cauthen replaced his successor, …
Transocean shares have fallen almost 80 percent since Newman took over in March, 2010. By comparison, the PHLX Oil Services Index rose 1.5 percent in the same period. Some of the stock battering can be traced back to the fallout from …
ZUG, Switzerland -- After the chief executive of Transocean Ltd., owner of the Deepwater Horizon rig, held a closed-door meeting with shareholders Friday, the company issued a terse statement after the Zurich stock market closed saying it …
The Reading & Bates Corporation of Houston said yesterday that it had made an offer to acquire Transocean A.S., the Norwegian offshore-drilling concern, for $1.51 billion in stock. But Transocean rejected the offer in favor of an offer …
ThinkProgress reported on Tuesday that Judge Martin Feldman, the U.S. District Court Judge who declared illegal the …
At Transocean’s annual meeting, Mr. Icahn failed to win investor support for his other main proposal, a $4-a-share dividend. But he has lingered in the stock, disclosing a 6 percent stake as recently as June. “I believe that Transocean