Robert L Long News

Transocean Ltd. (NYSE:RIG) announced the effective date for Steven L. Newman to become CEO is March 1, 2010. As previously announced, Newman will succeed Robert L. Long, who is retiring as CEO. In keeping with current corporate governance best practices, Long will also be resigning from the company's Board of Directors effective February 28, 2010. Newman will be included on the Annual General Meeting of Shareholders agenda in May as a candidate for election as a member of the Board of Directors. Newman has served as President and Chief Operating Officer since May 2008. He previously served in various senior management roles, including Executive Vice President of Performance…

Transocean Ltd. (NYSE:RIG)announced that its ultra-deepwater semisubmersible rig Deepwater Horizon recently drilled the deepest oil and gas well ever while working for BP and its co-owners on the Tiber well in the U.S. Gulf of Mexico. Working with BP, the Transocean crews on the Deepwater Horizon drilled the well to 35,050 vertical depth and 35,055 feet measured depth (MD), or more than six miles, while operating in 4,130 feet of water. "This impressive well depth record reflects the intensive planning and focus on effective operations by BP and the drilling crews of the Deepwater Horizon…

Transocean Ltd. (NYSE:RIG) announced that Robert L. Long will retire as Chief Executive Officer in the first quarter of 2010. The Board of Directors has named Steven L. Newman, currently President and Chief Operating Officer, to succeed Mr. Long upon his retirement as CEO. Commenting on Mr. Newman's appointment to the position of CEO, Long said, "Since joining the company in 1994, Steven has proven that he is a solid leader with a deep understanding of the offshore drilling business and a strong commitment to our shareholders, customers, employees, host countries and local communities.

Transocean Ltd. (NYSE:RIG) announced that Ihab Toma has been named Senior Vice President of Marketing and Planning, reporting to Robert L. Long, Chief Executive Officer, effective mid-August 2009. Based in Geneva, Toma will be responsible for marketing and planning for the company's fleet of 133 mobile offshore drilling units worldwide. He will also oversee Transocean Solutions, which offers clients a complete package for well construction and field development needs, and two company subsidiaries, Applied Drilling Technology Inc. (ADTI), and Challenger Minerals Inc. (CMI).

Transocean Ltd. (NYSE:RIG) announced that Ricardo H. Rosa has been named Senior Vice President and Chief Financial Officer, effective September 1, 2009. Rosa will be based in Geneva and will report to Robert L. Long, Chief Executive Officer. Rosa will succeed Gregory L. Cauthen. Rosa is currently Senior Vice President of the company's Europe and Africa Unit (EAU). Previously, he served as Senior Vice President of the company's Asia and Pacific Unit (APU). Prior to that role, he…

Keppel FELS Limited has completed Transocean’s Development Driller III, an ultra-deepwater drilling rig built to Keppel’s proprietary DSS 51 semisubmersible (semi) design. The Development Driller III is designed to construct wells as deep as 37,500 ft wells and operate in water depths of up to 7,500 ft, upgradable to 40,000 ft and 10,000 ft, respectively. Designed by Keppel’s Deepwater Technology Group in collaboration with Marine Structures Consultants of the Netherlands, DSS units have a total payload of 13,500 tons.

Transocean Sedco Forex Inc., announced that W. Dennis Heagney, executive vice president and chief operating officer, will retire from the company in June 2002, after 33 years of service. Heagney began his career in 1969 with The Offshore Company, a predecessor of Transocean Sedco Forex and has worked in a variety of operating and marketing roles in both the United States and International locations. The board of directors has appointed Robert L. Long as president of Transocean Sedco Forex Inc., effective immediately. Long will also assume the role of Chief Operating Officer upon the retirement of Heagney in June 2002. Long joined the company in 1975 and has held numerous operational and financial roles over his 26-year career including division engineer…

Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Based upon closing prices for each company's ordinary shares as of July 20, 2007, the estimated enterprise value of the combined company would be approximately $53 billion. The combined company, to be known as Transocean Inc., will retain principal offices in Houston and trade on the New York Stock Exchange with the symbol RIG. Under the terms of the agreement, Transocean shareholders will receive $33.03 in cash and 0.6996 shares of the combined company for each share of Transocean they own. GlobalSantaFe shareholders will receive $22.46 in cash and 0.4757 shares of the combined company for each share of GlobalSantaFe they own.

Transocean Inc. has named Jean P. Cahuzac as president and Steven L. Newman as chief operating officer. Cahuzac, who previously served as executive vice president and chief operating officer of the company, will report to Robert L. Long. Long was president and CEO but will now continue as CEO and as a director of the company. Cahuzac joined a predecessor company of Transocean in 1979 and has held various international technical and senior management positions in the oil and gas industry during the past 27 years. Newman, who previously served as senior vice president of human resources and information process solutions, joined Transocean in 1994. Transocean also appointed David J. Mullen as senior vice president of marketing and planning and Robert "Rob" J.

Transocean Offshore Inc. has completed its merger with Sedco Forex, which was spun-off from Schlumberger Limited. The resulting company, Transocean Sedco Forex Inc., is now the world's largest offshore drilling contractor and third-largest oilfield services company in terms of equity market capitalization, based on closing market prices on Dec. 30. In the merger, approximately 109.6 million ordinary shares of Transocean Offshore are being issued to stockholders of Schlumberger. The number of new shares issued is equivalent to 0.1936 shares of Transocean Sedco Forex for each outstanding Schlumberger share. Following the merger, Schlumberger stockholders hold about 52% of the approximately 210.1 million outstanding shares of Transocean Sedco Forex.

Transocean Inc. today announced that it has begun the process of deploying personnel to its U.S. Gulf of Mexico-based fleet and damage assessment efforts are underway following Hurricane Katrina. The company noted that it is experiencing some disruption with crew changes stemming from the dislocation caused by the storm. A preliminary inspection of the company's semisubmersible rig Deepwater Nautilus has revealed significant damage to the rig's mooring system and the loss of approximately 3,200 feet of marine riser and a portion of the unit's subsea well control system which remained suspended at the time the unit was evacuated. The rig…