NEW ORLEANS -- Offshore petroleum driller Transocean Ltd. inflated its stock price by misleading shareholders about the effectiveness of a key piece of safety equipment, a federal court suit alleges. Lug, Switzerland-based Transocean …
Another curious event occurred when Goldman Sachs shorted Transocean stock immediately before the explosions sank the rig. This meant that preferred Transocean insiders had their stock values insured against the impending collapse of …
The four distributions that had been planned to start in 2010 would have been through a reduction in the par value of Transocean stock, now 15 Swiss francs, allowing shareholders to avoid 35 percent Swiss withholding tax. …
Transocean Sedco Forex Inc., already the world's biggest offshore oil-drilling contractor, said it agreed to buy R&B Falcon Corp. in a $5.3-billion stock deal that will leave it towering over its rivals and make it the dominant deep-water driller.
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, …
Also included in the figure are stock options valued at $1.9 million and deferred shares valued at $2 million when those awards were granted in March 2010. Transocean's Deepwater Horizon oil rig explosion on April 20 in the Gulf of Mexico …
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.
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 over …
and Transocean Ltd. (RIG - Free Report) . Details Weekly Summary: Rigs engaged in the exploration and production of oil and natural gas in the United States totaled 1046 in the week (ended May 18) compared with the prior week’s 1045. …
U.S. District Court Judge Martin L.C. Feldman, who ruled today against the White House’s six-month moratorium on deepwater drilling, has owned stock in several companies with operations in the Gulf of Mexico. According to a financial …