Transocean Ltd (RIG) Key Developments |
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Transocean Ltd (RIG)

RIG on New York Consolidated

29 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Transocean Ltd to reduce its staff fleet in NORWAY again - ECLPCM
Friday, 19 Feb 2016 12:03am EST 

Transocean Ltd:Transocean, has reportedly revealed its job-cut strategy for the Norwegian fleet of the company involving a minimum of 230 additional people. - ECLPCM.Transocean?s business in Norway had employed 1,500 people, of which 800 were laid off since 2014.Confirming the additional layoffs in the firm?s Norwegian unit, Transocean spokesperson Steinar Nesse has disclosed that poor demand has led to this decision and the number will rise if the situation remains same.  Full Article

Transocean Ltd announces early termination of ship contract​
Monday, 8 Feb 2016 12:58am EST 

Transocean Ltd:Announces that Murphy Exploration & Production company, a subsidiary of Murphy Oil Corporation, decided to terminate a contract for ultra-deepwater drillship Discoverer Deep Seas​.Will be compensated for early termination through a lump-sum payment that includes adjustments for operating costs.  Full Article

Transocean Ltd announces customer early termination of polar pioneer contract
Monday, 28 Dec 2015 12:57am EST 

Transocean Ltd:Announces that Shell has elected to terminate contract for harsh environment semisubmersible polar pioneer prior to its expiration in July 2017​‍.Will be compensated for early termination through lump-sum payment that includes adjustments for reduced operating costs and demobilization to Norway​.  Full Article

Transocean Ltd announces SIX Swiss Exchange approves delisting
Thursday, 17 Dec 2015 06:57pm EST 

Transocean Ltd:SIX Swiss Exchange approved company's application to delist its shares.SIX delisting is effective March 31, 2016, with last trading day scheduled for March 30, 2016.  Full Article

Transocean announces two year contract for Henry Goodrich​
Monday, 7 Dec 2015 12:55am EST 

Transocean Ltd:Announces two year contract for Henry Goodrich​ ‍.Henry Goodrich was awarded a two year contract with Husky Oil Operations Limited offshore Canada at a dayrate of $275,000 ‍.Estimated contract backlog excluding mobilization is $200 million​​.  Full Article

Transocean Ltd intents to delist from SIX Swiss Exchange
Monday, 23 Nov 2015 12:47am EST 

Transocean Ltd:Announces its intent to delist its shares from SIX Swiss Exchange (SIX).Expects SIX listing authorities to approve its delisting application prior to year-end and related delisting to occur in first quarter of 2016.  Full Article

Transocean Ltd announces departure of CFO
Wednesday, 27 May 2015 04:36pm EDT 

Transocean Ltd:Says Esa Ikaheimonen is stepping down as CFO, effective immediately.Says Mark Mey has been appointed as CFO effective May 28.  Full Article

Transocean Ltd reaches settlement agreements with PSC and Exploration & Production Inc
Wednesday, 20 May 2015 05:01pm EDT 

Transocean Ltd:Has reached two separate settlement agreements, with the Plaintiffs' Steering Committee and with BP Exploration & Production Inc. and BP America Production Co.These settlements together resolve substantially all outstanding claims against Transocean arising from the April 20, 2010, Macondo Well incident involving Deepwater Horizon in Gulf of Mexico.Transocean will pay two classes of plaintiffs, represented by the PSC, a total of about $212 million.Transocean intends to satisfy payment obligations using cash on hand.Says BP America Production Co will pay Transocean $125 million in compensation for legal fees it incurred.Under terms of agreement with BP America Production Co, BP America Production Co has agreed to indemnify Transocean for compensatory damages, including natural resource damages.  Full Article

Transocean Ltd says shareholders approve dividend of $0.60 per share
Friday, 15 May 2015 04:26pm EDT 

Transocean Ltd:Says shareholders approve dividend of $0.60 per share.Expects that dividend will be payable in four quarterly installments set for June, Sept., Dec., and March 2016.  Full Article

Transocean Ltd appoints Jeremy D. Thigpen president & CEO
Tuesday, 21 Apr 2015 06:27pm EDT 

Transocean Ltd:Says Jeremy D. Thigpen has been named president and chief executive officer effective April 22.Says Thigpen succeeds Ian C. Strachan, Interim CEO.As previously announced, Strachan, who is also company's chairman of Board, will retire from board at end of his term at 2015 Annual General Meeting.  Full Article