News Breaks |
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| February 11, 2013 |
| 07:54 EDT |  | RIG, BP | BP blamed by DOJ for critical decisions that led to Gulf spill, FT says
The Department of Justice said in a joint court memorandum with Transocean (RIG) that the rig operator's crew, "while negligent, carried out drilling operations in general...under BP’s instruction and supervision,” giving a preview of the case the U.S. government will make against BP (BP) related to the Macondo well disaster, reported Financial Times. The report notes that the trial is scheduled to begin on February 25 and is seen lasting until the end of the year. Reference Link |
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News For RIG;BP From The Last 14 Days Check below for free stories on RIG;BP the last two weeks. |
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| May 17, 2013 |
| 16:21 EDT |  | BP | On The Fly: Closing Wrap
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| 13:53 EDT |  | RIG | Transocean holders approve dividend, reject Icahn proposal
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| 13:50 EDT | | RIG | Icahn nominee wins seat on Transocean board
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| 13:09 EDT | | BP | Tesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities. |
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| 12:28 EDT | | RIG | Transocean holders reject Icahn's $4 dividend plan, Bloomberg reports
Transocean's (RIG) shareholders rejected the $4 per share dividend proposal in favor of management's $2.24 per share annual dividend, Bloomberg reports, citing a person familiar with the vote count.Reference Link |
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| 11:48 EDT | | RIG | Transocean holders reject Icahn's $4 dividend plan, Bloomberg reports
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| May 16, 2013 |
| 14:46 EDT | | BP | Tesoro may take over BP California assets as soon as June 1, Reuters says
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| 14:32 EDT | | BP | Tesoro may take ownership of BP Carson refinery, other assets as soon as June 1
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| 12:47 EDT |  | RIG | Transocean EPS estimates lowered at Wells Fargo
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| 07:11 EDT | | BP | BP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports
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| 06:08 EDT | | BP | On the Fly: Periodicals Wrap-Up
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| May 15, 2013 |
| 16:48 EDT | | RIG | Icahn gives quarterly update on stakes
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| 08:38 EDT | | BP | WTI crude falls for a fith consecutive day, Bloomberg reports
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| 05:55 EDT | | BP | EU inspects firms in oil investigation, WSJ reports
EU antitrust authorities carried out unannounced inspections of energy giants BP (BP), Royal Dutch Shell (RDS.A) and Statoil (STO), escalating an investigation of alleged oil-price manipulation amid scrutiny of how prices are set in global financial markets, reports the Wall Street Journal. EU officials are investigating whether the three companies manipulated prices in the $2.5T physical-oil market by giving false data to an oil index publisher, the Platts unit of McGraw Hill Financial (MHFI). Platts's offices were also inspected.Reference Link |
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| May 14, 2013 |
| 11:08 EDT | | BP | BP says involved in EC probe, cooperating with investigation, Bloomberg reports
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| 07:10 EDT | | BP | IEA says North American oil will dominate world supply growth, WSJ reports
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| May 13, 2013 |
| 05:20 EDT | | RIG | Transocean Chairman J. Michael Talbert announces retirement plans
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| May 9, 2013 |
| 07:29 EDT | | RIG | Transocean comments on reports from proxy advisors support for board nominees
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| May 8, 2013 |
| 16:35 EDT | | RIG | Transocean sees annualized savings of $300M from cost reductions
Transocean said that based on preliminary analysis, it currently anticipates achieving annualized savings associated with its initial phase of its cost reduction initiative of approximately $300M. The expected reduction in onshore costs includes, among other items, the consolidation of facilities, the streamlining of business functions and processes, as well as elimination of processes, programs and tasks that are not central to supporting our core business of operating our rigs safely and efficiently. |
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| 16:33 EDT |  | RIG | Transocean reports Q1 adjusted EPS 93c, consensus $1.00
Reports Q1 revenue $2.2B, consensus $2.36B. Total rig utilization was 80% in Q1 compared with 79% in Q4. Contract backlog was $28.5B as of the April 18 Fleet Status Report. Since April 18m additional contracts totaling $199M were secured. |
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