Transocean Falling In Pre-Market (RIG)

Transocean LTD RIG is down sharply in pre-market trading, down more than 3% after the oil driller continues to see fall out from the BP BP oil spill in the Gulf of Mexico. Yesterday, the U.S. government sued BP for the spill, and Transocean is seeing some blow-back from the lawsuit this morning. At last check, shares of RIG are down $2.31 to $69.58, a loss of 3.2%. Transocean provides offshore contract drilling services for oil and gas wells worldwide. It offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services.