A former senior engineer on board a Transocean drillship in the U.S. Gulf of Mexico has filed a civil lawsuit alleging the offshore drilling contractor and its business partners put...

by Captain John Konrad (gCaptain) In May 2020 I wrote an article sharing the fact that Transocean ($RIG) was the biggest loser stock of the last decade. At the time...

BP ($BP) cuts in oil exploration could hurt struggling offshore exploration companies like Transocean ($RIG). UK oil major BP has drastically scaled back the team that looks for more oil...

By Allison McNeely (Bloomberg) — Measures taken by Transocean Ltd. to stave off a bankruptcy filing could be exactly what ends up sending the offshore drilling company into Chapter 11...

(Bloomberg) – President Donald Trump helped to clinch an unprecedented deal among the world’s largest crude producers, but the pact hasn’t stopped America’s oil industry from bleeding. “Offshore drilling is structurally...

By David Wethe and Allison McNeely (Bloomberg) Offshore oil servicers are going bust at the fastest pace in three years as explorers spurn high-cost drilling to deal with a worldwide...

By David Wethe (Bloomberg) –Transocean Ltd. has tapped Lazard Freres & Co. LLC to be its financial adviser as the world’s biggest owner of deepwater oil rigs confronts history’s worst...

With COVID19 wreaking havoc in the stock market, you might think that travel or tourism stock might be the biggest losers of the past decade. But, according to a new...

Offshore drilling contractor Transocean has announced nearly $353 million in new rig contracts and exercised options as the offshore drilling market continues to improve. Transocean said is it currently seeing...

Deepwater drilling contractor Transocean says it has deployed that world’s first hybrid battery system on floating drilling rig to supplement power needs during drilling operations. They hybrid energy storage system...

Offshore drilling contractor Transocean has decided to walk away from two drillships under construction at South Korea’s Samsung Heavy Industry. In a statement on Tuesday, the Switzerland-based company said it...

Norwegian energy giant Equinor announced today it has awarded Transocean a six-well contract on the Norwegian continental shelf (NCS) for the newbuild harsh environment drilling rig Transocean Norge. Drilling start-up...

by David Wethe (Bloomberg) — Transocean, the world’s biggest offshore oil driller, may reactivate two to three mothballed rigs a year as the industry embarks on a full-fledged recovery for deepwater...

By Will Wade and Simon Casey (Bloomberg) — Transocean Ltd., the world’s largest offshore drilling company, agreed to buy a smaller rival in a $2.9 billion deal, with rates for...

Offshore drilling contractor Transocean says its ultra-deepwater semi-submersible GSF Development Driller 1 has been awarded an 11-well contract offshore Australia for Chevron. The contract is expected to commence in the...

By David Wethe (Bloomberg) — Explorers are once again testing the waters in their search for oil, according to Transocean Ltd., the world’s biggest offshore rig contractor by market value. Drillers worldwide...

Offshore driller Transocean will take a $112 million hit from a drilling contract amendment for its harsh-environment semi-submersible Transocean Leader. Transocean revealed Thursday that the rig experienced equipment breakdown that...

By David Wethe (Bloomberg) — Transocean Ltd. is finally sending Pathfinder to its grave, after two years in a Caribbean purgatory that cost about $15,000 a day. The move by the world’s...

Transocean Ltd. (NYSE:RIG) announced Tuesday that its ultra-deepwater drillship Deepwater Invictus has been awarded a two-year contract with options by a subsidiary of BHP Billiton. Transocean said the backlog associated...

Transocean has announced its plan to scrap six deepwater and ultra-deepwater floating drilling rigs, aka “floaters”, as the offshore drilling company continues to shed older and less-competitive rigs from its...