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Between 2005 and 2007, Transocean was the owner of 30% of oil rigs active in the Gulf, and 33% of the incidents that triggered a Minerals Management Service (MMS) investigation took place on Transocean rigs. However, in the 3 years from 2008 to February 15, 2010, Transocean was the owner of 42% of rigs active in the Gulf but was responsible for ...
Map of the area where fishing was affected because of the BP oil spill Sign in Orange Beach, Alabama advising against swimming due to the oil spill. The spill had a strong economic impact to BP [255] and also the Gulf Coast's economy sectors such as offshore drilling, fishing and tourism. Estimates of lost tourism dollars were projected to cost ...
Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig [7] owned by Transocean and operated by the BP company. On 20 April 2010, while drilling in the Gulf of Mexico at the Macondo Prospect, a blowout caused an explosion on the rig that killed 11 crewmen and ignited a fireball visible from 40 miles (64 km) away. [8]
May 13 – Tony Hayward calls the oil spill "relatively tiny" in comparison with the size of the "ocean." [60] Transocean files in the U.S. District Court for the Southern District of Texas to limit its liability under the Limitation of Shipowner's Liability Act to just its interest in the Deepwater Horizon which it values at $26,764,083. [61]
The ghosts of oil spills past are still haunting Transocean (NYS: RIG) . In the fourth quarter, the company reported a $1 billion estimated loss contingency in relation to the Macondo Well ...
A daily look at legal news and the business of law: Transocean's Slimy Moves Transocean (RIG), one of the three companies involved in the Gulf oil disaster, is revealing itself as the stereotype ...
Transocean Ltd. is an American drilling company. [2] It is the world's largest offshore drilling contractor based on revenue and is based in Steinhausen, Switzerland . [ 3 ] [ 4 ] The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.
LOS ANGELES (AP) — On a recent Sunday, Tracy Quinn drove down the Pacific Coast Highway to assess damage wrought upon the coastline by the Palisades Fire. The water line was darkened by ash. Burnt remnants of washing machines and dryers and metal appliances were strewn about the shoreline. Sludge carpeted the water's edge.