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Transocean (NYSE:RIG) Drops 0 Million on Billion Write-Down Everything Gold (blog) After the explosion on their Deepwater Horizon oil rig in the Gulf of Mexico, which was operated by BP (NYSE:BP), Transocean (NYSE:RIG) has struggled to generate revenue, and was forced to book a billion charge, resulting in a loss of 9 million … Transocean Books Billion ChargeWall Street Journal A Closer Look at The Commission Report on the Deepwater Horizon DisasterConsumer Energy Report Results at Transocean fall short of expectationsswissinfo.ch Bizjournals.com –Bloomberg –Upstream Online all 35 news articles »

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Kansas City Star

Chevron's 3rd-quarter profit drops 2% Los Angeles Times … oil prices, attributing much of the decline to costs from a deepwater drilling moratorium declared in the wake of BP's massive Gulf of Mexico oil spill. … Chevron Seeks Permit To Revive Drilling In Gulf Of MexicoNASDAQ Chevron profit misses estimates, shares fallSan Jose Mercury News Chevron 3Q Net Down 1.6% On Higher Costs, Weaker DollarWall Street Journal BusinessWeek –AFP all 270 news articles »

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The Louisiana Record (blog)

Deepwater Horizon contractor drops bid to replace Barbier as MDL judge The Louisiana Record (blog) Cameron, blowout prevention contractor on the Deepwater Horizon rig, moved on Aug. 20 to withdraw a recusal motion it filed in June. …

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BP drops diamond saw; ‘top hat’ plan back
BP has abandoned its original plan to use a diamond wire cutter that its engineers had hoped would cleanly cut the riser pipe spewing oil into the Gulf of Mexico. It will instead use a more effective, if less precise, cutter, the federal government’s point man on the disaster said Wednesday.
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