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...As chief executive, his handling of the Deepwater Horizon explosion saw him immediately blame rig owner Transocean before any investigation had taken place....
...Closing Quote — essential comment before you go Andrew Hill Ten years ago today, an explosion and fire ripped through Transocean’s Deepwater Horizon drilling rig, working under contract for BP in the Gulf...
...Ten years ago today, an explosion and fire ripped through Transocean’s Deepwater Horizon drilling rig, working under contract for BP in the Gulf of Mexico....
...Last year Transocean, the world’s largest offshore-rig operator, jettisoned six of its rigs amid bleak predictions for deepwater drilling....
...Transocean — the industry’s largest deepwater and harsh environment operator — will expand its fleet to 57 through the deal, with the addition of Ocean Rig’s fleet of ultra-deepwater drillships and semi-submersible...
...“A straightforward financial combination of the two entities and their existing balance sheets are compelling features of this deal, in addition to the continuing favourable trend of much-needed industry...
...Jeremy Thigpen, chief executive of rig operator Transocean, said last month the ultra-deepwater drilling market was “turning up”....
...(BBG) News round-up Transocean strikes $2.7bn deal for deepwater rival Ocean Rig (FT) Bonhams snapped up by private equity group Epiris (FT) I Squared raises $7bn for infrastructure investments (BBG)...
...This week, Transocean followed by striking a deal to acquire Norway’s Songa Offshore for $3.4bn....
...This week, Transocean followed by striking a deal to acquire Norway's Songa Offshore for $3.4 billion....
...The offshore drilling business is in such distress that Transocean just sold at a steep discount a dozen rigs it does not need to a small Norwegian group....
...It tells only a partial version of the story, setting up a simplistic opposition between the heroes of Transocean, which owned and operated the Deepwater Horizon rig, and the villains of BP....
...Neither BP nor Transocean, the drilling company that owned the Deepwater Horizon rig, co-operated with the filmmakers....
...Chesapeake Energy shares climbed 9.6 per cent to $4.58 and Transocean rose 9 per cent to $12.84....
...Shares in Transocean fell 9 per cent to $9.34 after the company said on Monday that a subsidiary of Murphy Oil opted to terminate the contract for the ultra-deepwater drillship Discoverer Deep Seas in the...
...Murphy Oil, Transocean, Chesapeake fell 6.6 per cent, 6.7 per cent and 6.1 per cent respectively....
...Transocean’s Deepwater Horizon drilling rig, working under contract for BP, was hit by an explosion and fire when oil and gas escaped from the well it had just finished drilling....
...Transocean shares rose 4.6 per cent to $9.52, Murphy Oil shares climbed 2.2 per cent to $26.65 and Noble Energy shares climbed 1.8 per cent to $33.62, even after ceding some of their earlier gains....
...In December, Vantage Drilling in the US, which has three deepwater drillships, filed for bankruptcy protection....
...Although offshore and especially deepwater oil is expensive, the fields found can be very large....
...Transocean climbed 7.5 per cent to $11.31 and National Oilwell Varco was up 3.9 per cent to $35.18. Patches of strength appeared among US retailers....
...Oil and gas companies within the S&P 500 have declined on eight of the past 10 trading days, including 9 per cent-plus drops for Transocean, Marathon Oil, Diamond Offshore Drilling and Murphy Oil....
...Transocean, which operates offshore oil rigs, jumped 5.1 per cent to $8.65. Meanwhile, exploration and production company Marathon Oil added 8.7 per cent to $8.03....
...Shares in Southwestern Energy jumped 19.24 per cent to $8.80, while Transocean shares climbed 7.05 per cent to $9.72....
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