Tuesday, December 1, 2015
transocean arctic

Transocean Day Rates Hit New Low Water Mark

by Mikael Holter (Bloomberg) Transocean Ltd., the biggest offshore-rig operator, won a contract to drill four wells off Norway for Det Norske Oljeselskap ASA at a day rate of about...

December 1, 2015
Total Views: 3

Monday, October 26, 2015
Maritime News

Transocean Delays Drillships at DSME

  Drilling contractor Transocean announced Monday that the delivery of two newbuild drillships currently under construction in South Korea will be delayed by 12 months each. The newbuilds impacted are...

October 26, 2015
Total Views: 14

Thursday, September 24, 2015
Petrobras 1000 drillship

Transocean Linked to Petrobras Bribery Scandal for First Time

  By Peter Millard and Yasmine Batista (Bloomberg) — Transocean Ltd., the world’s largest offshore rig contractor, is being linked for the first time to the corruption probe of Petroleo...

September 24, 2015
Total Views: 42

Friday, September 4, 2015

Drillship Built as CIA Spy Ship to Raise Soviet Sub Falls Victim to Oil Crash

  By John Miller ZURICH, Sept 3 (Reuters) – A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub is...

September 4, 2015
Total Views: 37

Wednesday, August 26, 2015

Hard-Hit Transocean Looks to Scrap Dividend

  By Joe Carroll (Bloomberg) — Transocean Ltd., the offshore oil-rig operator that lost two-thirds of its value in the past year, plans to cancel its dividend and record 2...

August 26, 2015
Total Views: 1

Wednesday, May 20, 2015
deepwater horizon

Transocean Settles All Deepwater Horizon Claims With BP

Transocean Ltd., owner of the rig that sank in the 2010 Macondo disaster in the Gulf of Mexico, joined Halliburton Co. in settling all remaining issues with BP Plc.

May 20, 2015
Total Views: 122

Thursday, April 16, 2015
Transocean drilling deepwater asgard

Statoil Renegotiates for the Discoverer Americas as Transocean’s Deepwater Asgard Arrives in the GoM

In Transocean’s latest fleet update summary released this afternoon, their 6th generation drill ship Discoverer Americas will be officially heading back to the Gulf of Mexico this summer after her contract...

April 16, 2015
Total Views: 37

Thursday, February 26, 2015

Seadrill and Transocean Report Better Than Expected Earnings As Darkness Looms

The world's biggest offshore drillers reported plunging earnings and orders on Thursday but managed to get a grip on costs to improve their chances of riding out a sectoral crisis that could last several more years.

February 26, 2015
Total Views: 0

Wednesday, February 25, 2015

Transocean’s Top-Earning Rigs Are Vulnerable as Moody’s Cuts Rating to Junk

Considering the 4.5 years of legal battles Transocean (NYSE:RIG) has faced since the Deepwater Horizon tragedy, the involvement of activist investor Carl Icahn, and the now utterly abysmal offshore drilling...

February 25, 2015
Total Views: 3

Friday, February 20, 2015
discoverer americas

Transocean CEO’s Exit Linked to Lack of Vision in Tough Market

Was Steven Newman too conservative to deal with the downturn?

February 20, 2015
Total Views: 12

Wednesday, February 18, 2015

Transocean’s 80% Dividend Cut Won’t Be Enough

Transocean Ltd. will have to do more than slash its dividend by 80 percent for the owner of the world’s largest fleet of offshore rigs to weather the oil price crash, analysts said.

February 18, 2015
Total Views: 0

Sunday, February 15, 2015
steven newman transocean

Steven Newman Steps Down as Transocean CEO

In March 2010, long-time Transocean CEO Robert Long turned over the reins to then COO Steven Newman.  For Newman, this was an exciting opportunity to lead his company forward as...

February 15, 2015
Total Views: 30

Friday, February 6, 2015

Prediction: Statoil Will Axe the Discoverer Americas

Since she was delivered to Transocean in 2009, the 6th generation drillship Discoverer Americas has been on contract with Norwegian energy major Statoil.  Beginning with two wells in the Gulf of Mexico,...

February 6, 2015
Total Views: 2

Friday, December 19, 2014
Sovereign Explorer drilling rig

Transocean to Scrap More Rigs

Seven more low-specification offshore drilling rigs are now being prepped for sale to a scrapyard today according to Transocean’s latest fleet update. The rigs include the Sedco 710, Sovereign Explorer,...

December 19, 2014
Total Views: 143

Friday, November 14, 2014

BP Loses Bid for New Trial Over Its Gulf Spill Negligence

BP Plc lost a bid for a new trial on findings that it was grossly negligent in the 2010 Gulf of Mexico oil spill, a decision that exposes the company to $18 billion in pollution fines.

November 14, 2014
Total Views: 1

Sunday, November 9, 2014

Transocean Reports $2.2 Billion Quarterly Loss

Transocean offshore drilling reported on Sunday a net loss of $2.217 billion this quarter, or $6.12 per diluted share. Considering the Zug, Switzerland-based offshore drilling firm has a current market...

November 9, 2014
Total Views: 0

Friday, November 7, 2014

Statoil Completes Barents Sea Drilling Campaign with Dry Well

210 kilometers north of Hammerfest, the Transocean Spitsbergen found nothing of consequence after drilling the last of Statoil’s wildcat wells in the Barents Sea. Since 2013, Statoil has executed an aggressive exploration...

November 7, 2014
Total Views: 3

Thursday, November 6, 2014
songa trym

Statoil Suspends Two More Rigs Offshore Norway

For the Transocean Spitsbergen and the Songa Trym, 2014 will end mid-November. Due to overcapacity in Statoil’s rig portfolio, the company has decided to take these two new rigs offline for...

November 6, 2014
Total Views: 2

Tuesday, October 14, 2014

Discoverer Americas Drillship Makes Big Gas Discovery Offshore Tanzania

Transocean’s 6th generation drillship Discoverer Americas drilled into a huge gas reservoir offshore Tanzania recently according to a statement today by Statoil, the operator of the rig. The Norwegian energy...

October 14, 2014
Total Views: 34

Wednesday, September 17, 2014
COSL Pioneer semisubmersible

Statoil Stacks High Spec Rig as Drilling Contractors Continue to Sweat

Due to overcapacity in their rig portfolio, Statoil announced today they will be laying up the COSL Pioneer in the fourth quarter of 2014. The COSL Pioneer has been on contract...

September 17, 2014
Total Views: 5