Search for: "Transocean Ltd."
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30 Jun 2010, 1:29 pm
Following up on my prior post, Transocean: Better at Tax Planning Than Oil Drilling: Senate Finance Committee Chairman Max Baucus announced today that he has launched an investigation into the tax practices of Transocean Ltd., the owner of the offshore drilling rig that exploded in the Gulf of Mexico and... [read post]
14 Jun 2010, 7:15 pm
The civil liability claims are targeted to the potential ultimate wrongdoers: British Petroleum-energy company; Transocean Ltd., rig owner; Halliburton Energy Services, cement contractor; or Cameron International, blowout preventer manufacturer, under civil liability or statutory authority of the Oil Pollution Act of 1990 (OPA). [read post]
14 Jun 2010, 12:00 pm
Possible contenders obviously include the giant oil conglomerate BP, but they also include its many contractors, the US government and the owner of the rig Transocean Ltd.. [read post]
7 Jun 2010, 5:04 am
The civil liability claims are targeted to the potential ultimate wrongdoers: British Petroleum-energy company; Transocean Ltd., rig owner; Halliburton Energy Services, cement contractor; or Cameron International, blowout preventer manufacturer, under civil liability or statutory authority of the Oil Pollution Act of 1990 (OPA). [read post]
3 Jun 2010, 11:13 pm
Bloomberg News (6/3, Fisk, Calkins) reports, "The US government asked a federal judge to reject Transocean Ltd.'s bid to use a 159-year-old law to cap its liability at $27 million for environmental claims tied to the Deepwater Horizon oil spill. [read post]
3 Jun 2010, 9:00 am
Last month, Transocean Ltd., the owner of the Deepwater Horizon rig involved in the spill, sparked a major controversy when it announced it would still be distributing $1 billion to shareholders. [read post]
3 Jun 2010, 8:31 am
AP reports, "If successful, Transocean Ltd. would be left with as much as $533 million in insurance money [which is] almost enough to cover the revenue the company was expecting from a three-year contract with BP PLC. [read post]
3 Jun 2010, 8:31 am
AP reports, "If successful, Transocean Ltd. would be left with as much as $533 million in insurance money [which is] almost enough to cover the revenue the company was expecting from a three-year contract with BP PLC. [read post]
2 Jun 2010, 6:20 am
The lack of procedures to handle the possibility of a deep undersea spill and the seeming lack of haste in staunching the spill by United Kingdom-based British Petroleum, which leases the Deepwater Horizon oil rig, and Switzerland-based Transocean, Ltd., which owns the rig, have justly opened the companies to public criticism and condemnation, civil suits and likely civil penalties and fines. [read post]
1 Jun 2010, 7:20 am
District Court, Southern District of Texas (Houston), asking the court to declare that it and various other excess insurers subscribing excess liability policies issued to Transocean Ltd. [read post]
1 Jun 2010, 7:20 am
District Court, Southern District of Texas (Houston), asking the court to declare that it and various other excess insurers subscribing excess liability policies issued to Transocean Ltd. [read post]
30 May 2010, 3:12 pm
On April 20, 2010, an offshore drilling rig operated by Transocean Ltd. on behalf of BP exploded in the Gulf of Mexico, killing 11 people and causing a large oil spill. [read post]
28 May 2010, 9:26 am
May 26 (Bloomberg) -- Transocean Ltd. can’t use a 150-year- old statute to cap its liability against claims arising from the Gulf of Mexico oil spill, lawyers for victims of the disaster said at a hearing in federal court in Houston. [read post]
27 May 2010, 7:47 am
Two weeks ago, Transocean Ltd., the company that owns the sunken Deepwater Horizon oil rig, filed a motion in federal court seeking to limit its courtroom losses to $26.7 million. [read post]
27 May 2010, 4:42 am
Transocean Ltd., owner and operator of the MODU Deepwater Horizon oil rig, filed a petition in U.S. [read post]
26 May 2010, 3:51 am
More than 100 federal and state court actions have been filed against BP PLC, Transocean Ltd., and other companies in connection with the Deepwater Horizon drilling rig accident in the Gulf of Mexico. [read post]
25 May 2010, 2:24 pm
On April 20, 2010, the Deepwater Horizon rig owned by Transocean Ltd. and under contract to BP PLC exploded, causing a massive oil leak that has resulted in more than 130 lawsuits by property owners, shareholders, workers, and the commercial fishing industry, $800 million spent on cleanup and $30 million in paid claims. [read post]
19 May 2010, 1:25 pm
Witnesses testifying at the hearing included: BP President Lamar McKay; Transocean Ltd. [read post]
18 May 2010, 6:47 am
It has been nearly a month since the Transocean Ltd. [read post]
13 May 2010, 8:03 am
Lawyers at Transocean Ltd., the Swiss company that owns the Deepwater Horizon drilling rig that burned and sank last month in the Gulf of Mexico, have stumbled over an obscure maritime law, and are using it to claim Transocean's liability should be capped at $27 million. [read post]
