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Transocean shareholders oust chairman, approve Icahn nominee, but reject Icahn's $4 dividend

The Canadian PressMay 17, 2013 16:47
NEW YORK, N.Y. - Transocean Ltd. shareholders have voted out the oil drilling company's chairman and backed one of Carl Icahn's director nominees. But the oil driller said Friday that its stockholders decided against the billionaire investor's proposal for a $4 dividend. Under intense pressure from Icahn, J. Michael Talbert had already said that he would retire as chairman by November. He had been Transocean's CEO from 1994 to 2002 and served three terms as chairman before Friday's ouster.

Brazil authorizes Chevron to resume production

April 10, 2013 14:01
Brazil's National Petroleum Agency says it has authorized Chevron Corp to resume production on six offshore wells off the coast of Rio de Janeiro after more than 100,000 gallons of crude seeped into the ocean there. The agency says Friday's authorization will last one year. In an emailed statement, the Rio-based agency said a security team would be monitoring the U.S.-based company's operations. An estimated 110,000 gallons (416,300 liters) of crude seeped into the ocean near the Chevron well in November, 2011.

Brazil allows Chevron to resume oil exploration after spill

April 8, 2013 18:46
Chevron was given the green light to resume oil exploration in Brazil following a massive 2011 spill which led to the US oil giant halting its activities, authorities said Monday. The National Petroleum Agency (ANP) said it had approved Chevron's plan to resume production in four wells of the Frade oil field, located some 370 kilometers (230 miles) northwest of Rio, for a period of 12 months and in two other wells for a period of two months. ANP said it would keep Chevron activities under constant surveillance.

Brazil allows Chevron to resume oil exploration after spill

April 8, 2013 17:45
Chevron was given the green light to resume oil exploration in Brazil on Monday following a massive 2011 spill which led to the US oil giant halting its activities. The National Petroleum Agency (ANP) said it had approved Chevron's plan to resume production in four wells of the Frade oil field, located some 370 kilometers (230 miles) northwest of Rio, for a period of 12 months. ANP said it would keep Chevron activities under constant surveillance.

US judge approves $400 mln fine for Transocean

February 14, 2013 15:10
A US judge approved Thursday a $400 million settlement in criminal penalties against the rig operator involved in the 2010 Gulf of Mexico oil spill, the worst environmental disaster in American history. The punishment was part of a plea bargain agreement reached last month by rig owner Transocean and the US Justice Department. The penalty was approved Thursday by Judge Jane Triche Milazzo of the US District Court for the Eastern District of Louisiana, in New Orleans.

U.S. data lifts European shares to 22-month highs

January 4, 2013 14:15
* FTSEurofirst 300 index ends 0.4 pct higher * Euro STOXX 50 up 0.3 pct, may rise 7 pct in H1 * Transocean leads market as settles oil spill charges By Atul Prakash LONDON, Jan 4 (Reuters) - European shares set a 22-month high on Friday, buoyed by supportive data and led by rig contractor Transocean, which agreed to settle U.S. government charges over BP's Gulf of Mexico oil spill.

Britain's FTSE sets highest closing level in nearly 2 years

January 4, 2013 13:56
* FTSE 100 adds 0.7 percent * Index rallies on U.S. jobs report after slow start * Concerns of early end to Fed monetary easing subside * BP leads gainers after Transocean settlement By Alistair Smout LONDON, Jan 4 (Reuters) - Britain's top shares registered their highest closing level for nearly two years on Friday, taking a cue from U.S. jobs data which suggested a broad-based labour market recovery.

UPDATE 5-Transocean to pay $1.4 bln for role in BP oil spill

January 4, 2013 00:15
* Transocean owned doomed rig in 2010 Macondo disaster * Payment less than company set aside, shares jump 6.4 pct * Settlement still to be reached with plaintiffs * Halliburton still to settle with DoJ; its shares up 1.7 pct By David Ingram WASHINGTON, Jan 3 (Reuters) - Offshore rig contractor Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from BP Plc's massive oil spill in the Gulf of Mexico in 2010. The settlement unveiled on Thursday by the U.S.
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