Transocean hails ‘best year’ in safety, gives execs bonuses, despit...



The company that owns the now-infamous Deepwater Horizon, the oil rig that caused immeasurable damage to the Gulf, recently applauded itself for the "best year in safety performance in our Company's history." The company, Transocean Ltd., rewarded its executives millions in bonuses for the achievement, according to the annual report it released yesterday.

Steven L. Newman, Transocean's president and CEO, awarded himself $4.3 million in cash bonuses, stocks and options.

Eleven people died as a direct result of the disaster in the Gulf, nine of them Transocean employees, according to Forbes.

"Notwithstanding the tragic loss of life in the Gulf of Mexico, we achieved an exemplary statistical safety record as measured by our total recordable incident rate and total potential severity rate. As measured by these standards, we recorded the best year in safety performance in our Company’s history, which is a reflection on our commitment to achieving an incident free environment, all the time, everywhere," the company wrote in their annual statement to shareholders.

Transocean leased the Deepwater Horizon to BP, so it contends it has no liability for the spill and explosion.

Views: 90

Replies to This Discussion

Are you ready to wake up yet?

How much more blatant does it have to get 

11:11

OMG, this is brazen in-your-face doublespeak.

RSS

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted a blog post

What They Told Us About Health and Now it’s Completely Reversed?

 Remember growing up that they told us all of these rules of thumb when it came to your…See More
9 hours ago
tjdavis posted a photo
yesterday
Less Prone commented on Doc Vega's photo
Thumbnail

G99Gt39XEAAyu6Y

"Judges with bad judgement should be working somewhere else. When political affiliation surpasses…"
yesterday
Doc Vega commented on Doc Vega's blog post GROK Acknowledges the Co-existence of Humans and Dinosaurs
"Less Prone, this Carlos guy has a unique artistic approach but it's not proof. There's…"
yesterday
Doc Vega posted photos
Tuesday
Doc Vega posted blog posts
Tuesday
tjdavis posted a photo
Monday
Sandy posted a video

KILL THE MESSENGER - Hero Journalist Featurette - In Theaters Friday

In this featurette “Gary Webb: Hero Journalist,” Jeremy Renner (Webb), director Michael Cuesta, Sue Webb and others explore the real man, investigative journ...
Sunday
Sandy posted a photo
Sunday
Less Prone commented on Burbia's blog post A Masterclass Is Being Played Out For Those Who Have The Eyes To See
"Yes. One of their functions is distraction, but they also bring chaos and crime and change…"
Saturday
Less Prone favorited Burbia's blog post A Masterclass Is Being Played Out For Those Who Have The Eyes To See
Saturday
Burbia posted a blog post

A Masterclass Is Being Played Out For Those Who Have The Eyes To See

A question can be asked, why do Jews want a multicultural community in a host society? It is to…See More
Jan 3
tjdavis posted a video

City of Joel - Official Trailer

Now Available on Digital - http://bit.ly/2uxDibn50 miles north of New York City, the town of Monroe is a microcosm for a hyper-partisan and divided nation as...
Jan 2
Doc Vega favorited omegamann's photo
Jan 2
Doc Vega commented on Doc Vega's blog post Death Threats for Assisting ICE?
"Less Prone excellent points and I've seen that video too. Very informative! "
Jan 2
Doc Vega commented on Doc Vega's blog post In the Political Realm They've Gone One Step Too Far!
"Less Prone thanks for your support! "
Jan 2
Doc Vega commented on Doc Vega's blog post Modern Day Cannibalism?
"Less Prone, you are exactly right! They have been harvesting fetal tissue in vaccines for quite…"
Jan 2
Doc Vega commented on cheeki kea's photo
Thumbnail

DEAR SANTA...

"Ha ha! Good one! "
Jan 2
Doc Vega commented on Doc Vega's blog post GROK Acknowledges the Co-existence of Humans and Dinosaurs
"Less Prone, thank you very much for your input/ I always appreciate your insights! "
Jan 2
Less Prone favorited cheeki kea's photo
Dec 31, 2025

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted