S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Transocean CFO Retires (RIG, BP, HAL)

Photo of Paul Ausick
By Paul Ausick Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The CFO of Transocean Ltd. (NYSE: RIG), Ricardo Rosa, is retiring from the company effective April 30th, and is resigning effective January 31st. Rosa joined Transocean in 1999 in an acquisition. He is 55 years old.

Transocean has been sued by BP plc (NYSE: BP) for up to $40 billion in damages related to the explosion and sinking of Transocean’s Deepwater Horizon in April 2010 that killed 11 workers and dumped 5 million barrels of oil into the Gulf of Mexico. BP is also suing Halliburton Co. (NYSE: HAL) for $21 billion related to the disaster.

Transocean said that Gregory Cauthen, currently a consultant to the company, but who also served as CFO before his retirement in 2009.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Jon C. Ogg |

Why Transocean Is Now Rated as ‘Junk’ at Fitch Ratings

Transocean just lost its "investment grade" rating at Fitch Ratings. It is now considered as at "junk bond" status at…
Offshore Driller Noble Files for Bankruptcy
Paul Ausick |

Offshore Driller Noble Files for Bankruptcy

Offshore driller Noble Corp. has filed for Chapter 11 bankruptcy protection.
Paul Ausick |

Transocean Raising Cash?

Drill rig operator Transocean Ltd. (NYSE: RIG) this morning announced the sale 38 of its shallow-water drilling rigs to a…
Paul Ausick |

Icahn Loading Up on Transocean Shares

ThinkstockIn a filing this morning with the Securities and Exchange Commission, Transocean Ltd. (NYSE: RIG) reported that activist investor Carl…
Paul Ausick |

Transocean Will Pay $1.4 Billion for Gulf Spill

ThinkstockTransocean Ltd. (NYSE: RIG), the owner and operator of the Deepwater Horizon rig that exploded and burned in 2010, taking…
Paul Ausick |

BP Loses Deal in Argentina, But Doesn’t Care (BP, CEO, APC, RIG, HAL, CAM)

It isn’t every day that a $7.1 billion deal falls through. Even rarer is a seller’s reaction that amounts to,…
Chris Lange |

Transocean Stays Afloat With Earnings

Transocean released better-than-expected first-quarter results after the markets closed Wednesday.
Jon C. Ogg |

Offshore Drilling May Not Be as Strong as Expected (ESV, PDE, RIG, BP, WOPEY, DO, PBR)

Today’s announcement of a definitive merger agreement between Ensco plc (NYSE: ESV) and Pride International Inc. (NYSE: PDE) is the…
Chris Lange |

Transocean and Seadrill Find Minimal Salvation After Earnings

Both Transocean and SeaDrill reported their better-than-expected fourth-quarter financial results this week.

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618