Transocean’s backlog shrinks as Leader goes in for repairs
Transocean has reached an agreement to amend the contract for the Transocean Leader vessel with its customer.
Transocean
Shareholders approve Transocean acquisition of Songa
Offshore drilling giant Transocean is finalizing its acquisition of Norway's Songa Offshore after shareholders on Thursday approved the deal.
Transocean nets $286m contract with Statoil for 22 wells
Contractor Transocean will drill 22 wells for Statoil using its Spitsbergen rig over a 33 month period.
Dea hands Transocean $68m drilling contract
German energy firm Dea has booked a Transocean rig to drill production wells at the Dvalin field in the Norwegian Sea.
Transocean posts $1.4billion loss
Transocean posted a third quarter loss of $1.4billion due to impairment related to rig retirements.
Exclusive: Hurricane Energy hires Transocean for West of Shetland bid
Hurricane Energy has booked the Transocean rig Paul B Loyd, Jr for work West of Shetland next year and in 2019.
Delivery of new Transocean drillships to be delayed
Rig contractor Transocean said today that the delivery of two new drillships will be delayed after the firm asked for modifications.
Oil’s biggest rigs get sent to junkyard as daily losses mount
Transocean is finally sending Pathfinder to its grave, after two years in a Caribbean purgatory that cost about $15,000 a day.
Transocean sending six rigs to scrapyard
Offshore vessel contractor Transocean said today that it would retire six of its “older, less competitive” rigs.
Chevron axes contract with Transocean early
Offshore vessel contracted Transocean said it would receive a fee of $148million after Chevron opted to terminate a rig contract early.
Offshore vessel trading picks up, but low transaction values dampen optimism, analysts say
The number of offshore vessels being traded second hand globally is on course to increase again this year, but low prices are dampening optimism, analysts have said.
Songa Offshore warns North Sea vessel market ‘tightening’
A Norwegian offshore vessel contractor said today that an increase in tendering meant North Sea markets were "tightening".
Opinion: Transocean must lead way in thinning out global fleet post-Songa takeover
Transocean, known as RIG on Wall Street, has pulled off a deal that has been on the cards for some months and, at a stroke, has boosted its already market-leading backlog by 40% to around $14billion.
Transocean’s valuation of Songa ‘staggeringly high’, analyst says
Transocean’s $3.4billion acquisition of rival offshore drilling contractor Songa Offshore is a great deal for the takeover target’s shareholders, an analyst has said.
Updated: Transocean confirms $3.4bn Songa Offshore takeover, targets North Sea
Transocean today confirmed its takeover bid of Songa Offshore in a deal worth $3.4billion.
‘Magic’ $50 oil boosts drillers’ hopes of challenging shale
The “magic” of $50 oil is now in the sights of deep-sea drillers as they try to lure customer spending from shale wells on land.
Transocean completes $1.35bn sale of jack-up fleet
Vessel contractor Transocean has completed the $1.35billion sale of its jack-up rig fleet to Borr Drilling.
Transocean pays Coastguard bill for stranded rig
Coastguards have finally been paid their £400,000 bill for dealing with an oil rig that ran aground in the Outer Hebrides last year.
Bourbon Dolphin remembered 10 years after disaster
A marine disaster which caused the greatest loss of life in the North Sea since Piper Alpha has been remembered ten years after the Bourbon Dolphin capsised with the loss of eight lives.
Parkmead leading efforts to create North Sea mega-hub
Parkmead Group’s boss said yesterday that the Aberdeen firm would stay on the acquisition trail as it leads efforts to create a large North Sea hub.
Borr buys up 15 of Transocean’s rigs
Borr Drilling has agreed to buy 15 drilling rigs from Swiss-based Transocean in a $1.35 billion deal.
AkerBP gets go-ahead for North Sea exploration well
Norway’s Petroleum Safety Authority has given AkerBP permission to drill an exploration well on the North Sea Volund field.
Repsol cleared to drill Stordal exploration well
Norway’s offshore safety body has cleared Spain’s Repsol to drill an exploration well on the Stordal prospect. The Transocean Spitsbergen semi-submersible rig will drill the well on Stordal in the Norwegian Sea, about 395kilometres west of Bodo. Drilling is slated to start in early March and last 33 days.
Transocean posts “impressive” fourth quarter, drilling trough is near, says CEO
Transocean's chief executive today hailed the firm's fourth quarter output as "impressive".
Transocean to scrap pair of rigs
Vessel owner Transocean said today it would scrap two of its rigs.