Sunday, June 24, 2018

Transocean Ltd News

Transocean Takes $992 mln Charge as Oil Slumps

Offshore rig provider Transocean Ltd wrote down the value of its contract drilling business by $992 million in the fourth quarter as demand slumped due to a steep fall in oil prices. As a result of the impairment charge…

Transocean's Discoverer Deep Seas Contract Terminated

Discoverer Deep Seas Photo Transocean

Transocean Ltd. (NYSE: RIG) announced today that Murphy Exploration & Production Company - USA, a subsidiary of Murphy Oil Corporation, has elected to terminate the contract for the ultra-deepwater drillship Discoverer Deep Seas.

Higher profits for Transocean

Courtesy Transocean

Transocean Ltd. reported their Fourth Quarter and Full Year 2016 Results. * Operating and maintenance expense was $314 million, including $30 million in favorable items associated with litigation matters.

Transocean's Stock Could Surge with $60 Oil -Barron's

Photo: Transocean

Shares of Transocean Ltd could rise more than 35 percent in the next year or two if oil prices top $60 a barrel, Barron's said in an article on Sunday. The Switzerland-based deepwater drilling company…

Transocean to Scrap Two Rigs

Swiss driller Transocean Ltd. announced yesterday that it intends to scrap, in an environmentally responsible manner, two offshore rigs: GSF Aleutian Key and Sedco 707. The rigs are classified as held for sale.

U.S. Court Dismisses Shareholder Lawsuit Against Transocean

Transocean Ltd on Thursday won the dismissal of an appeal by shareholders accusing the owner of the doomed Deepwater Horizon drilling rig of deceiving them about its safety practices prior to the massive 2010 Gulf of Mexico oil spill.

Transocean Defeats Shareholder Appeal over Gulf Spill

Transocean Ltd on Thursday won the dismissal of an appeal by shareholders accusing the owner of the doomed Deepwater Horizon drilling rig of deceiving them about its safety practices prior to the 2010 Gulf of Mexico oil spill. The 2nd U.S.

Transocean Deepwater Floater Currently Idle

Offshore rigs: Image credit Transocean

Transocean Ltd. The deepwater floater, M.G. Hulme, Jr., is currently idle. Estimated 2014 planned out-of-service time increased by a net 141 days, including 168 days associated with the Transocean…

Offshore Rig Firm Transocean Partners LLC Launch IPO

Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., says it has commenced an initial public offering of 17,500,000 common units representing limited liability…

Transocean Prices Initial Public Offering

Photo courtesy of Transocean Partners

Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., has announced  the pricing of its initial public offering of 17,500,000 common units representing limited…

Transocean Delays Drillship Delivery

Deepwater Semi Rig Courtesy Tranocean

Transocean Ltd. (NYSE: RIG) announced today an agreement with Sembcorp Marine's subsidiary, Jurong Shipyard Ptd Ltd, to defer the delivery and related final payments of two dynamically positioned ultra-deepwater drillships.

Keppel Closes Deal with Borr Drilling

Keppel FELS Limited, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (KOM), had entered into a Heads of Agreement with Borr Drilling Limited of Bermuda. Keppel FELS has now signed the relevant…

BSEE, USCG Investigating GoM Rig Fatality

(Image: BSEE)

The Bureau of Safety and Environmental Enforcement (BSEE) and U.S. Coast Guard (USCG) are investigating the fatality of a worker on board the Petrobras 10,000 drillship in the Gulf of Mexico. Petrobras America Inc.

Transocean to Present at Barclays Energy-Power Conference

Logo

Transocean Ltd. announced today that Jeremy Thigpen, President and Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on Wednesday, September 7, 2016 at 11:05 a.m. EDT.

Transocean Floater Transocean Barents Enters Contract

Transocean Ltd. (NYSE: RIG) announced today that the Transocean Barents, a harsh-environment, ultra-deepwater floater, has been awarded a 15-month contract with Suncor Energy at a dayrate of $260,000.

Reliance Terminates Drillship Contract with Transocean

Reliance Industries Ltd. has exercised its contractual option to terminate its contract with Transocean Ltd. for the ultra-deepwater drillship Discoverer India, effective December 2016,  prior to its expiration in January 2021.

Transocean Upbeat About Offshore Recovery, Despite Quarterly Loss

File photo: Transocean

Drilling contractor Transocean Ltd on Wednesday expressed optimism about a recovery in offshore drilling activity this year, despite reporting its third quarterly loss in a row. Companies that provide…

Transocean Acquires Songa Offshore

File Image: Transocean

Transocean Ltd. announced today that it completed the previously announced compulsory acquisition of the remaining outstanding shares of Songa Offshore SE. All remaining shares in Songa Offshore were…

Transocean's Henry Goodrich gets Two-years Deal

Henry Goodrich Courtesy Transocean

Transocean Ltd. announced today that the harsh-environment semisubmersible Henry Goodrich was awarded a two year contract with Husky Oil Operations Limited offshore Canada at a dayrate of $275,000.

Transocean Reports Q1 Net Income Surge

Photo courtesy Transocean

Transocean Ltd., the world's top offshore driller for enegy producers, posted first-quarter net income on Wednesday of $456 million, a 42 percent rise from a year ago, thanks to an uptick in revenue and lower costs and taxes.