Transocean (RIG $48.54 +2.05) shares are trading higher by over a
point this morning following reports out Friday the co's Deepwater Horizon rig
is not responsible for the sheens discovered recently in the GoM.
Note that on Sept 27, shares of RIG sold off sharply on reports that several
recent sightings of a sheen in the vicinity of the capped BP Macondo well in the
Gulf of Mexico indicated the possibility of a release from a riser pipe or other
debris leftover from the 2010 Deepwater Horizon incident.
The USGC put rig operator Transocean on notice that it may be financially
accountable for debris removal and costs.






