Analysis highlights lack of spare rigs left in North Sea
New analysis has highlighted the lack of spare capacity of oil and gas rigs to carry out work in the North Sea.
Transocean
Transocean rig goes five miles adrift in storm
Transocean Encourage rig drifts for 9km in Norwegian Sea during Storm Ingunn
Northern Drilling shares sink as it seeks Hanwha appeal
On news of the September ruling, Northern Drilling’s share price fell from 2.32 euro ($2.45) to 0.3 euro ($0.31). The company’s decision to appeal against the ruling triggered a further fall, to 0.13 euro ($0.14). It is down 94% on the month.
Transocean books ultra-deepwater rig for Brazil work
As a result of the acquisition, Transocean will own eight of the world’s ultra-deepwater drillships. The Deepwater Aquila can operate in water depths of up to 12,000 feet (3,657 metres).
Dolphin Drilling to buy Leader and Paul B Loyd Jr rigs from Transocean
Dolphin Drilling is contemplating a private share placing in order to finance the $60m deal.
Transocean moots offshore wind installation venture with Eneti
The tie-up would see the pair look to convert two floating units into dedicated offshore wind installation vessels, amid a global dash for heavy lift capacity.
Deepwater Horizon anniversary: ‘We had forgotten the lessons of the past’
"I believe that Macondo transpired because we had to some degree forgotten the lessons of the past," writes Steven Harris on today's anniversary.
Equinor books Transocean rigs to drill up to 42 wells off Norway
Equinor has booked contract extensions with two winterised Transocean drilling units worth up to $600m for a spate of work in the Norwegian Sea and Johan Castberg field.
The long arm of the law: North Sea assets as targets for protests
Located dozens of miles out to sea, it would stand to reason that oil and gas assets are unlikely targets for protestors – for the sake of convenience if nothing else.
Transocean unveils UK deals as part of $488m awards
Transocean (NYSE: RIG) has unveiled a pair of UK North Sea contract wins as part of a clutch of global awards worth $488m.
Transocean takes eight-gen Titan for Chevron work
Transocean ordered the two drillships in February 2014, agreeing to pay $540 million for each of the vessels. Sembcorp said it would deliver the rigs in 2017 and 2018.
Drillships ‘leading deepwater recovery’ as day rates pass $400k
Drillships are driving the recovery in the deepwater market, according to a leading rig analyst, with contractors moving to procure new or stranded units as day rates continue to rise.
North Sea drillers begin two-day strike action
More than 300 drilling workers have launched 48 hours of strike action across North Sea installations in a dispute over pay.
300 workers vote for strikes across dozens of North Sea platforms
More than 300 offshore workers have voted for strikes across 20 North Sea installations, Unite the Union has announced, causing "major problems" for production.
All At Sea: North Sea worker writes book on the highs and lows of life offshore
An offshore worker of nearly 20 years has written a new book on the “highs and lows” of his career in the industry.
Offshore rig day rates could surge to $500,000
It could soon cost half a million dollars a day to hire an offshore rig, according to executives in the industry, in a stunning turnaround for day rates since Covid.
Drilling of Serica North Eigg exploration well hit by £3m, six-week delay
Drilling operations on the North Eigg exploration well have been hit by delays, Serica Energy (LON: SQZ) has confirmed.
Unite ballots North Sea drillers on strike action
Unite the union will ballot over 300 drilling workers and contractors over strike action, after members rejected a 5% pay deal.
Transocean seals contracts worth over $1bn, expects offshore drilling recovery to continue
Offshore drilling giant Transocean (NYSE: RIG) has announced two new contract wins totalling more than $1 billion.
Sembmarine delivers world’s first eighth-generation drillship to Transocean
Sembcorp Marine has successfully delivered the “world’s first eighth-generation drillship”, the Deepwater Atlas, for Transocean’s subsidiary Triton Atlas, the Singapore yard reported.
Transocean Spitsbergen books nine-well contract with Equinor
Equinor has awarded Transocean a contract extension for its Spitsbergen semi-submersible rig, which will see it in use off Norway until 2025.
Transocean narrows losses to $470 million in 2021
US drilling contractor Transocean reported pre-tax losses of $470 million for 2021, compared with $541m the previous year.
Transocean lands $252m contract as Beacon sanctions Shenandoah project
Transocean has landed a $252million contract after Beacon Offshore Energy and its partners reached FID on the Shenandoah project in the Gulf of Mexico.
Transocean rig could keep drilling off Myanmar for POSCO
Transocean’s Deepwater Nautilus semi-submersible unit looks set to keep drilling offshore Myanmar for South Korea’s POSCO after the Swiss-based driller announced a contract extension.
Seadrill draws competing rig offers from Noble and Transocean consortium as it undergoes Chapter 11 bankruptcy
Noble Corporation and a consortium including Transocean and Dolphin Drilling are competing to acquire the assets held by Seadrill, according to a news report, as it undergoes Chapter 11 bankruptcy.