(BP oil spill story updated for BP stock gains, static kill effort)
NEW YORK( TheStreet) --The U.S. government and BP have both issued good news about the oil spill.
BP: After the Cap
|Click here for the issues that loom for BP. |
Overextended oil driller Seadrill currently teeters on the edge of bankruptcy. Peer Transocean might not be far behind.
Seadrill's stock is in free fall, with scant chance of recovery. Here's why it could drop to zero.
It has been a wild ride thus far, and we've only completed one round of action.
Norway's Borr Drilling will pay a higher-than-expected $1.35 billion for the 15 mobile rigs.