Transocean Provides Deepwater Horizon Update

Tuesday, April 27, 2010

On April 26, Transocean Ltd. (NYSE: RIG) (SIX: RIGN) provided the following update on the Deepwater Horizon and the company's role in supporting BP Exploration & Production, Inc. and the Unified Area Command in stemming the flow of hydrocarbons from the well.

The Deepwater Horizon is insured for total loss coverage and for wreck removal, to the extent removal can be carried out and is required. The total insured value of the rig is $560m.

The rig sank in the U.S. Gulf of Mexico after an explosion and fire last week, and it is now located on the sea floor approximately 1,500 feet northwest of the well center and away from any subsea pipelines.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Casualties

'Amazingly Intact' WWII-era Aircraft Carrier Surveyed

NOAA, working with private industry partners and the U.S. Navy, has confirmed the location and condition of the USS Independence, the lead ship of its class of

Canada's Ferry Operators Highlight Safety

As Canadians remember the tragic sinking of the Korean ferry, MV Sewol, one year ago today, Canada’s ferry operators remind Canadians of the notable safety track record of its sector.

Migrant Crisis Intensifies with Murder Arrests, Drownings

Italian police arrested 15 African men suspected of throwing about a dozen Christians from a migrant boat in the Mediterranean on Thursday, as the crisis off southern Italy intensified.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0987 sec (10 req/sec)