Transocean feels bounce as charges clear the air

Boost: Transocean chief executive Steven Newman

AFP/SCANPIX

By BLAKE WRIGHT Houston

 02 March 2012 01:47 GMT

OFFSHORE rig giant Transocean recorded more than $6 billion in special charges during the fourth quarter of 2011, including about $1 billion in estimated funds related to the Macondo spill in the US Gulf.

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index