Tuesday, December 12, 2017

Transocean Ltd News

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.

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…

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 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.

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.

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…

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…

General Counsel Sjöbring Quits Transocean

Lars Sjobring

Transocean Ltd. today announced that Lars Sjöbring, Senior Vice President and General Counsel, has informed Transocean that he will be leaving the company. Mr. Sjöbring has agreed to aid in the search for a replacement…

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.

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'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 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…

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 Fleet Update

Photo Transocean

Transocean Ltd. today issued a monthly Fleet Update Summary, which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since the July 15, 2015 Fleet Status Report.

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.

BP Denied $700M in Insurance from Gulf Spill

The Texas Supreme Court on Friday ruled that BP Plc cannot claim about $700 million in insurance that was carried by offshore driller Transocean Ltd to cover the blowout of BP's Macondo well in 2010, the biggest offshore spill in U.S. history.

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.

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…