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Update 5: Talk About..

May 10, 2010

News in from the wsj reports Transocean ( BP’s Deepwater Horizon drilling rig) acquired GlobalSantaFe in 2007. Apparently it was a merger that has done nothing whatsoever for Transocean’s safety and risk management record oversighted by the MMS Department. To hand 73 percent of of a total 33 incidents investigated (ie 24).

Several clients say that the merger is at fault for this state of affairs, whereas the company’s defence of it being on a learning curve appears weak.. Or worse..

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