Cameron: Signs $350m Contract with Transocean for Pressure Control Equipment Management Services
Riser management and subsea blowout preventer service agreements aim to reduce offshore nonproductive time and total cost of ownership Cameron, a Schlumberger company, today announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million. The first contract calls …
GE: Moves to Innovative Rental Model to Reduce Offshore Drilling and BOP Costs
General Electric Co. is expanding its focus on offshore drilling rig safety with a new business that will take over handling of massive underwater equipment designed to prevent well blowouts and oil spills. Diamond Offshore Drilling Inc. has agreed to sell back its blowout preventers to GE, which will then …