Transocean confirmed today that it had completed the acquisition of Ocean Rig. The acquisition adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two high-specification ultra-deepwater drillships currently under construction to Transocean’s existing fleet.
Transocean's acquisition of rival rig contractor Ocean Rig has been approved by the shareholders of both companies.
Transocean's £2.1 billion acquisition of Ocean Rig could "double" drillship rates and get premium assets "back to work", a Wood Mackenzie analyst said.
Swiss offshore drilling firm Transocean has announced the £2.1 billion acquisition of drilling contractor Ocean Rig.
Cayman-Islands-based contractor Ocean Rig said a deal to sell two vessels to its wholly-owned subsidiary had been abandoned.
Cayman-Islands-based contractor Ocean Rig said today that its wholly-owned subsidiary would buy two of its vessels.
Norway’s offshore safety body has uncovered a series of safety failings on the Leiv Eiriksson rig.
Offshore deepwater drilling services firm Ocean Rig has received permission from the Nasdaq Hearings Panel to continue trading on the stock market.
A Norwegian trade union has accused a rig owner of perpetrating “social dumping” on an offshore vessel.
Premier Oil has served a notice to Ocean Rig for breach of material obligations under the contract for the Eirik Raude drilling unit.
Eni has terminated a contract of the Ocean Rig Olympia.
Ocean Rig said two rigs from its fleet will be coming out of employment soon with no immediate job opportunities on the horizon. The company said the semi-submersible Eirik Raude will finish up in the Falkland Islands in January while semi-submersible Levi Eiriksson will have completed work in Norway by March 2016. Ocean Rig said the current intention is for both to be cold stacked while disposing of or scrapping the rig is put under consideration.