Tag Archives: Transocean

BP’s Oil Spill Partner Was Founded in Birmingham, Alabama

Transocean, BP’s oil spill partner, was founded in Birmingham, Alabama. Transocean Ltd., is one of the world’s largest offshore drilling contractors. The company rents floating mobile drill rigs, along with the equipment and personnel for operations, to oil and gas companies. Transocean’s rental rates for the deep water rigs are as high as $650,000 a day! Continue reading

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Transocean Pays Executive Safety Bonuses After Incinerating 11 Workers in Oil Spill Disaster

The Wall Street Journal has made an interesting discovery in an April 1st securities filing from Transocean Ltd. As reported by the Journal, Transocean has paid cash bonuses to executives for their safety performance during 2010. This comes after British Petroleum and Transocean jointly incinerated 11 workers during 2010 in the Gulf oil spill disaster. Continue reading

Posted in Alabama's Economy, Gulf Coast BP Oil Spill, Mobile, Fairhope & Gulf Shores, Alabama | Tagged , , , , , , , , , | 2 Comments