Transocean 2013 Success Story: Dividend Up 34%
In a letter to shareholders chairman, Ian C. Strachan and Steven L. Newman, president and CEO, set out a summary of offshore drilling specialist Transocean's 2013 operations, excerpted as follows: • Revenue and Backlog Full year 2013 net income attributable to controlling interest was $1.4 billion on total revenues of $9.5 billion, increases versus 2012. During the year we added approximately $7.9 billion in backlog, including a five-year contract with Chevron for the newbuild ultra-deepwater drillship, Deepwater Conqueror, to be delivered in the second quarter of 2016. Our industry-leading
Transocean Announces Deal With Icahn Group
and the continued focus of the Board and management on creating shareholder value. We anticipate that Mr. Merksamer and Mr. Intrieri will provide new perspectives and insights as the company continues to improve its long-term competitiveness and deliver value to all its stakeholders," said Steven L. Newman, President and Chief Executive Officer of Transocean Ltd. Carl Icahn said, "I am pleased that the Board has agreed to add Vince Intrieri as a nominee, and to reduce the Board size to eleven and I am especially happy about the commitment to pursue a MLP, raise the dividend and increase
Keppel Wins US$1-Billion Transocean Jackup Rig Order
capabilities, superior jacking and preload capabilities, a flexible mud system, and simultaneous operations support. The rigs are designed to accommodate 150 personnel. "Continuing our growth in the high-specification jackup business is an important element of our asset strategy," said Steven L. Newman, President and Chief Executive Officer of Transocean Ltd. "We are very excited about the potential for these rigs given our expectation for continued customer demand for assets of this capability and the outstanding operating performance of the four new high-specification jackups we
Transocean Reach Frade Field Incident Civil Settlement
the two civil lawsuits will be dismissed. In February, the court rejected all criminal indictment recommendations related to Transocean and its employees. "We are pleased to announce this settlement, a very favorable resolution resulting from hard work of all the parties involved," said Steven L. Newman, President and Chief Executive Officer of Transocean Ltd. "Transocean has operated in Brazil for nearly 50 years, and this agreement among Chevron, Transocean and the Brazilian authorities removes any remaining uncertainty about our ability and commitment to continue working safely
Transocean Disagrees with Proposed ISS Board Nominees
, and we urge them to decisively defeat Mr. Icahn's nominees. We encourage shareholders to support our balanced approach to capital allocation in the interest of sustainable, long-term value creation and vote FOR the Board's highly qualified nominees, including Frederico F. Curado, Thomas W. Cason, Steven L. Newman, Robert M. Sprague and J. Michael Talbert. Transocean's approach to corporate governance is to regularly infuse fresh perspectives into an experienced and knowledgeable Board as evidenced by the nomination of Frederico F. Curado and the fact that six of the 12 independent directors have
February 2024
