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Wednesday, Sep 5
2012, 2:59 PM
Transocean (RIG -2.9%) CEO Steven Newman expresses confidence the company ultimately will...
Transocean (RIG -2.9%) CEO Steven Newman expresses confidence the company ultimately will overturn an operating ban upheld by a panel of three Brazilian judges following an oil spill last November; since 10 of RIG's 127 active rigs are in Brazil, a stoppage would impact earnings. He also says RIG continues to engage in discussions over civil and criminal sides of the Macondo spill (earlier).