Tuesday, December 1, 2015
Monday, October 26, 2015
Thursday, September 24, 2015
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...
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...
Wednesday, August 26, 2015
Wednesday, May 20, 2015
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.
Thursday, April 16, 2015
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...
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.
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...
Friday, February 20, 2015
Transocean CEO’s Exit Linked to Lack of Vision in Tough Market
Was Steven Newman too conservative to deal with the downturn?
Wednesday, February 18, 2015
Sunday, February 15, 2015
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,...
Friday, December 19, 2014
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.
Sunday, November 9, 2014
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...
Thursday, November 6, 2014
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...
Wednesday, September 17, 2014
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...
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