Offshore drilling contractor Transocean Ltd. on Wednesday said it has launched its new rig, the Development Driller III, in the U.S. Gulf of Mexico under a seven-year drilling contract for a subsidiary of BP PLC.
Monday, 23 Nov 2009 | Source: The Associated Press
Transocean Ltd. said Monday that Rob Saltiel will become its chief operating officer next month as part of a previously announced succession plan that will see current COO Steven Newman take over as CEO at the start of the new year.
The deep waters off the coasts of countries like Brazil and Sierra Leone have become hot spots for large discoveries of oil this year as exploration continues to move further from shore.
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