Transocean

Latest Transocean News

• Was undergoing maintenance when a problem was detected.

• Weekly Drilling Progress Report - Gazelle-P3 well
• The well was drilled to a depth of 1070m, at which point the drill-pipe became stuck

• Cash flows from operating activities increased $71 million to $563 million for the fourth quarter 2011 compared to $492 million for the third quarter 2011 due to improved operating results.

• The Board of Directors will not propose a dividend at the 2012 Annual General Meeting of Shareholders.

• Transocean announced that the company expects its fourth quarter 2011 results to include a non-cash charge related to the impairment of a substantial portion of the goodwill associated with its contract drilling services reporting unit.

• Decisions should put an end to the attempts by Transocean and Halliburton to avoid their obligations.

• BP has lost its attempt to shift $15 billion of costs related to the Gulf of Mexico oil spill onto contractor Transocean.

• Today's ruling makes clear that contractors will be held accountable for their actions under the law.

• Otto Energy Ltd advises that it has received confirmation from farm-in partner, BHP Billiton, that it has issued a termination notice for the Transocean Deepwater Expedition rig due to the rig not passing key acceptance tests.

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