Wednesday 6 July 2022

Transocean to pay $1.4bn for role in BP oil spill

Transocean agreed to pay $1.4 billion to settle U.S. government charges over BP's massive Gulf of Mexico oil spill in 2010 and the rig contractor admitted that its crew on the Deepwater Horizon was partly responsible. Transoce


Transocean eyes $1bn from ME rig asset sale

Transocean, the owner of the world's largest offshore drilling fleet, has put its Middle East rig assets up for sale, in a deal likely to raise $1 billion for the Switzerland-based company, three sources said. US private equity firms L


Chevron, Transocean in second $11bn lawsuit

A Brazilian federal prosecutor on Tuesday launched his second 20-billion-real ($10.9-billion) lawsuit against US oil company Chevron and driller Transocean, doubling the stakes against the companies as critics assailed him as overzealous.


BP sues Transocean for $40bn over oil spill

On the first anniversary of the Gulf of Mexico oil spill, BP sued Transocean, seeking at least $40 billion in damages and other costs from the owner of the Deepwater Horizon rig. London-based BP also sued Cameron International Corp  f

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