Swiss court blocks Transocean dividend payment

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Swiss court blocks Transocean dividend payment

December 11, 2010 by offshoreenergy

Transocean Ltd. (RIG, RIGN.VX) said Thursday that a Swiss administrative court ruled that the company cannot pay out about $1 billion to shareholders because of the numerous Deepwater Horizon-related lawsuits pending against the rig owner in the U.S. Wall Street Journal

The $40 billion question: How much will Macondo ultimately cost Transocean? Halliburton? Anadarko? Mitusi? Cameron?

Posted in accidents, well control incidents | Tagged accidents, Andarko, blowouts, bp, Cameron, Deepwater Horizon, drilling, Gulf of Mexico, macondo, Mitsui, offshore oil, safety, Switzerland, transocean, well control | Leave a Comment

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Bud's Offshore Energy (BOE)

Energy Production, Safety, Pollution Prevention, and More

Swiss court blocks Transocean dividend payment

Transocean Ltd. (RIG, RIGN.VX) said Thursday that a Swiss administrative court ruled that the company cannot pay out about $1 billion to shareholders because of the numerous Deepwater Horizon-related lawsuits pending against the rig owner in the U.S. Wall Street Journal

The $40 billion question: How much will Macondo ultimately cost Transocean? Halliburton? Anadarko? Mitusi? Cameron?

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Bud's Offshore Energy (BOE)

Energy Production, Safety, Pollution Prevention, and More

Swiss court blocks Transocean dividend payment

Transocean Ltd. (RIG, RIGN.VX) said Thursday that a Swiss administrative court ruled that the company cannot pay out about $1 billion to shareholders because of the numerous Deepwater Horizon-related lawsuits pending against the rig owner in the U.S. Wall Street Journal

The $40 billion question: How much will Macondo ultimately cost Transocean? Halliburton? Anadarko? Mitusi? Cameron?

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