Transocean Signs Offshore Drilling Contract at $505,000/day
Offshore drilling contractor Transocean has announced an offshore drilling contract at a bargain price above $500,000/d amid continued demand for high-performance offshore drilling rigs. General Director D. Thigpen spoke about this during the webcast of the April 29 report on Transocean’s profits for the 1st quarter. 2024 Deepwater Asgard contract …
Oil Platform Operator Transocean Increased Its Net Loss By 1.5 Times In 2023
Switzerland’s Transocean Ltd., one of the world’s largest offshore oil platform operators, ended 2023 with a net loss of $954 million, or $1.24 per share, according to a press release. At the end of 2022, the company’s loss was $621 million, or $0.89 per share. Adjusted loss last year widened …
Consortium Led by TotalEnergies to Start Drilling Offshore Lebanon
According to a study by French specialists, potential hydrocarbon reserves on the shelf can be up to 700 billion cubic meters. m of gas The drilling vessel of the Swiss company Transocean has arrived in the exclusive economic zone of Lebanon to carry out exploration work on block 9, where …
National Oilwell Varco Announces Sale of Two 20,000 Psi BOP Stacks to Transocean
National Oilwell Varco, Inc. today announces the sale of two 20,000-psi (20K) blowout preventer (BOP) stacks to Transocean, becoming the first oilfield equipment manufacturer to successfully design, engineer and sell such a package. NOV’s 20K BOP stack is designed to optimize uptime and reduce unplanned stack pulls, reaffirming the company’s commitment …
Transocean Ltd. Shareholders Approve Acquisition of Ocean Rig UDW Inc.
Transocean Ltd. (NYSE: RIG) announced today that its shareholders approved the acquisition of Ocean Rig UDW Inc. (“Ocean Rig”), by approving the proposals presented at Transocean’s Extraordinary General Meeting. “We are extremely pleased that our shareholders have overwhelmingly approved our acquisition of Ocean Rig,” said Jeremy Thigpen, President and CEO. “Through this combination, Transocean further enhances …
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 …
National Oilwell Varco: Scott Duff Named Interim CFO
National Oilwell Varco, Inc. today announced that Jeremy D. Thigpen has informed the Company of his resignation as Senior Vice President and Chief Financial Officer, in order to become Chief Executive Officer of Transocean, one of NOV’s largest customers. Scott K. Duff, NOV’s Vice President and Chief Accounting Officer has …
BP Statement on U.S. District Court Ruling on Partial Summary Judgment Regarding Halliburton Indemnity in Deepwater Horizon Accident
Today’s ruling, together with last week’s decision on Transocean’s financial obligations stemming from its conduct at the Macondo well, is a strong signal that contractors involved in critical well operations will be held accountable for their actions under the law. All official investigations have concluded that Halliburton played a causal …