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Transocean buoyed by rig charter rates and merger with GlobalSantaFe

RISING charter rates for offshore drilling rigs and the merger with GlobalSantaFe helped Transocean double its revenues in the third quarter to $3.2bn.

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Faces are familiar as rigs trade hands

Four high-ranking executives who spent years together at drilling giant GlobalSantaFe before it merged with even bigger rival Transocean last November are back together, albeit at a much smaller company.

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Transocean almost doubles its profit in wake of buyout

Transocean, the world's largest offshore drilling contractor, said its second-quarter profit nearly doubled after buying smaller competitor GlobalSantaFe late last year.

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Transocean's Q2 net income tops $1 billion

Transocean Inc. reported Wednesday that its second quarter net income topped $1 billion, exceeding analysts’ expectations – thanks largely to last year’s acquisition of competitor GlobalSantaFe Corp. (RIG)

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Transocean first-quarter net income up 115 percent

Revenue from acquired competitor GlobalSantaFe Corp. helped Transocean Inc.'s first-quarter net income more than double. (RIG)