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Transocean CEO steps down, dividend cut

February 19, 2015

The chief executive of Transocean Ltd one of the world s top offshore drilling companies is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices. Trans... View more

Transocean to pay $1.4bn for role in spill

January 13, 2013

Transocean agreed to pay 1.4 billion to settle US 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 partl... View more

Chevron, Transocean face 2nd $11bn lawsuit

April 16, 2012

A Brazilian federal prosecutor 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 ca... View more

Chevron, Transocean in $11bn Brazil oil suit

December 22, 2011

Brazilian prosecutors sued Chevron the No 2 US oil company and top offshore oil rig operator Transocean for 20 billion reais ( 10.6 billion) over their alleged roles in a November oil spill near Rio d... View more

Transocean set to pay $1.43bn for Aker unit

August 21, 2011

World No1 oil drilling contractor Transocean is paying double the market price for Aker Drilling to refresh its ageing fleet of Norwegian drilling rigs and boost flagging orders. Transocean the owner ... View more

Transocean reassures on its spill coverage

August 16, 2010

Transocean reassured investors that BP would bear most of the liability linked to the Gulf of Mexico well blow-out and resulting oil spill disaster. Shares of the world s largest offshore rig contract... View more



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