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BP announces FID for Phase 1 of the Greater Tortue Ahmeyim LNG Development

BP announces FID for Phase 1 of the Greater Tortue Ahmeyim LNG Development

December 21, 2018 No Comments

BP and partners today announced that the Final Investment Decision (FID) for Phase 1 of the innovative cross-border Greater Tortue Ahmeyim development has been agreed. The decision was made following agreement between the Mauritanian and Senegalese governments and partners BP, Kosmos Energy and National Oil Companies Petrosen and SMHPM. “Achieving sanction for the ground-breaking Greater […]

Transocean to Acquire Ocean Rig for  $2.7 billion

Transocean to Acquire Ocean Rig for $2.7 billion

September 4, 2018 No Comments

Transocean Ltd. (“Transocean” or the “Company”) (NYSE: RIG) and Ocean Rig UDW Inc. (“Ocean Rig”) (NASDAQ: ORIG) announced today that they have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig’s net debt. The transaction consideration […]

Transocean Reports First Quarter 2018 Results

Transocean Reports First Quarter 2018 Results

May 1, 2018 No Comments

Transocean Ltd. (NYSE:RIG) reported net loss attributable to controlling interest of $210 million, $0.48 per diluted share, for the three months ended March 31, 2018. First quarter 2018 results included favorable items, as follows: $6 million, $0.02 per diluted share, gain on disposal of assets; and $1 million in discrete tax benefits. These favorable items […]

Two-Year Contract for Ultra-Deepwater Drillship Deepwater Invictus

Two-Year Contract for Ultra-Deepwater Drillship Deepwater Invictus

October 18, 2017 No Comments

Transocean Ltd. (NYSE:RIG) announced today that the ultra-deepwater drillship Deepwater Invictus was awarded a two-year contract plus three one-year priced options with a subsidiary of BHP Billiton. The backlog associated with the firm contract is approximately $106 million. The contract is expected to commence in the second quarter of 2018. “We are extremely pleased to […]

Seadrill rig Awarded contracts for exploration drilling in BM-S-8 license

Seadrill rig Awarded contracts for exploration drilling in BM-S-8 license

July 13, 2017 No Comments

Statoil secures drillship for exploration drilling in Brazil Statoil Brasil Oleo e Gas Ltda has awarded Seadrill rig contracts for exploration drilling in the BM-S-8 license in the Santos basin. The agreement includes two contracts: Seadrill Offshore AS will provide the drillship West Saturn and Seadrill Serviços de Petroleo Limitada will provide services on board. […]

Noble And Shell Amend Drilling Contracts On Three Ultra-Deepwater Drillships

Noble And Shell Amend Drilling Contracts On Three Ultra-Deepwater Drillships

December 12, 2016 No Comments

Noble Corporation plc (NYSE: NE) today announced that the Company and certain subsidiaries of Royal Dutch Shell plc (NYSE: RDS.A) have agreed to amend the existing long-term contracts on three ultra-deepwater drillships. In the current, challenging environment for offshore exploration and production projects, the agreements offer benefits for both parties. The contract amendments pertain to […]

Transocean Awarded 15-Month Contract For Transocean Barents

Transocean Awarded 15-Month Contract For Transocean Barents

October 4, 2016 No Comments

Transocean Ltd. (NYSE: RIG) announced 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. The estimated contract backlog, excluding mobilization, is $119 million. The rig is expected to commence operations offshore Canada in the third quarter of 2017. Source: Transocean Oil and […]

ExxonMobil Starts Production at Julia Oil Field in the Gulf of Mexico

April 19, 2016 No Comments

Oil production has started under budget and ahead of schedule at the Julia oil field in the Gulf of Mexico, Exxon Mobil Corporation (NYSE:XOM) said today. The first production well is now online and a second well will start production in the coming weeks. The Julia development is located approximately 265 miles southwest of New […]

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Transocean Ltd. Receives Early Termination Notice on GSF Development Driller I

February 25, 2016 No Comments

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced that the company has received a notice of early termination from Esso Exploration Angola (Block 15) Limited for the ultra-deepwater semisubmersible GSF Development Driller I. The rig’s drilling contract is expected to end in May 2016 with the demobilization completed in June 2016. In accordance with the terms […]

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Transocean Ltd. Announces Fourth Quarter, Full Year 2015 Earnings Release Date

February 9, 2016 No Comments

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) will report earnings for the three and twelve months ended December 31, 2015, on Wednesday, February 24, 2016, following the close of trading on the NYSE. The company will conduct a teleconference starting at 9 a.m. EST, 3 p.m. CET, on Thursday, February 25, 2016, to discuss the results. […]

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