“Our internal investigation into the events of that tragedy is nearing completion,” Newman told investors during a conference call to discuss Transocean’s fourth-quarter earnings. “In light of continuing delays and obtaining information on the third-party testing of the Horizon’s (blowout preventer), we expect to release findings in the next month or two.” Fox Business
Posts Tagged ‘transocean’
Transocean Report
Posted in accidents, well control incidents, tagged accidents, blowouts, drilling, Gulf of Mexico, macondo, offshore oil, oil spill, safety, transocean, well control on February 24, 2011| Leave a Comment »
Swiss court blocks Transocean dividend payment
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 on December 11, 2010| Leave a Comment »
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?
Personnel removed from offshore Newfoundland rigs in advance of Igor
Posted in Uncategorized, tagged Grand Banks, Igor, Newfoundland, Ruelokke, transocean on September 21, 2010| Leave a Comment »
Max Ruelokke
As a precaution in advance of Hurricane Igor, all personnel were removed from two Transocean rigs operating offshore Newfoundland. The rigs are the GSF Grand Banks and the Henry Goodrich. Igor headed for Newfoundland after battering Bermuda yesterday.
Max Ruelokke, Chairman and CEO of the Canada-Newfoundland and Labrador Offshore Petroleum Board, told BOE that this is the first time he can recall a Grand Bank’s rig being down-manned to zero in advance of a storm. Personnel are expected to return to both rigs tomorrow.
BP – Transocean Dispute Heats Up
Posted in accidents, well control incidents, tagged accidents, blowouts, bp, Cameron, Halliburton, macondo, offshore oil, safety, transocean, well control on September 9, 2010| 1 Comment »
Transocean slams the BP Macondo report:
However, rig owner Transocean slammed the report, saying: “This is a self-serving report that attempts to conceal the critical factor that set the stage for the Macondo incident: BP’s fatally-flawed well design.”
BOE Comment: At a time when the safety of oil and gas operations is rightfully under intense scrutiny, this ugly dispute further undermines public confidence in offshore exploration and development. BP, Transocean, Halliburton, Cameron, and other feuding companies need to resolve their disputes so they can fully and credibly participate in the critical industry and governmental programs that are addressing offshore safety and pollution prevention issues.
Offshore Safety Concerns Expressed by Workers in the UK and Brazil
Posted in Uncategorized, tagged ANP, Brazil, HSE, Petrobras, transocean, UK on September 7, 2010| Leave a Comment »
Aban Pearl and Other Pending Investigations
Posted in Uncategorized, tagged aban pearl, accidents, Bayou St. Denis, BOE, crane, Jack Ryan, safety, transocean, venezuela on August 13, 2010| Leave a Comment »
Aban Pearl
According to our 15 May post, Venezuela established a special commission to investigate the sinking of the Aban Pearl, a semi-submersible rig that sank on 13 May 2010. In the subsequent 3 months, we have not seen any updates on that commission or the status of the investigation.
BOE will also be tracking any reports on the recent crane failure and apparent fatality on the Jack Ryan, and the Bayou St. Denis blowout. Let us know if there are other major offshore accidents that we should be tracking. With regard to the Jack Ryan, a description of the tragic crane accident is posted in a thread on the Oil Rig Photos site (see the 3 August post).
BP audit of DWH leaked
Posted in Uncategorized, tagged blowouts, bp, Deepwater Horizon, drilling, Gulf of Mexico, macondo, offshore oil, oil spill, safety, transocean, well control on August 8, 2010| Leave a Comment »
A newspaper says it has obtained an internal audit conducted by BP PLC on the Deepwater Horizon oil rig that details severe safety flaws months before the Gulf of Mexico spill.
Comment: Was this a planned leak? If so, how does this strengthen BP’s legal position? The DWH had deficiencies (bad for Transoocean), but BP knew about the deficiencies and didn’t ensure that they were corrected (worse for BP?). As indicated by the poster below (More “Mike Talk”), the poor working relationship between the operator and contractor may have been the real core problem.
Bud's Offshore Energy (BOE) 