Transocean in the red

THE 2010 Deepwater Horizon disaster in the Gulf of Mexico continues to weigh on Transocean, with the offshore drilling giant reporting a $US750 million ($A716 million) charge associated with the worst oil spill in US history.

02 August 2012
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The 2010 disaster occurred because BP's Macondo MC252 well blew out, killing 11 crew members onboard Transocean's Deepwater Horizon semi-submersible drilling rig and spilling out millions of barrels

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