Todays settlement should now enable more clear discussions between Transocean and the Justice Department over the drilling rig owners potential criminal exposure, Matt Conlan, an analyst at Wells Fargo & Co. (WFC) in New York, wrote in a note to investors. Its unknown whether BPs settleme
Date: Nov 15, 2012
Category: Business
Source: Google
Transocean's Third-Quarter Loss Widens After Rig Sale Writedown
The company reported 81 percent utilization during thequarter for floating rigs that command the highest rates, themost since the first quarter of 2010, said Matt Conlan, ananalyst at Wells Fargo & Co. in New York.