Transocean’s Deepwater Expedition, Transocean Legend, Transocean Rather, and GSF Arctic III are all heading to the scrapyard according to the company’s latest fleet status update. This list adds to the eleven rigs identified last December for scrapping.
The company also notes that four of their ultra-deepwater rigs have just been officially stacked including the Discoverer Spirit, GSF Jack Ryan, Deepwater Discovery, and Deepwater Pathfinder.
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The U.S. Bureau of Ocean Energy Management (BOEM) generated $46.98 million in high bids at its latest offshore oil and gas auction Wednesday, marking a sharp drop in industry participation compared with...
The U.S. Bureau of Ocean Energy Management (BOEM) announced Wednesday that it will begin preparing a programmatic environmental impact statement (PEIS) to evaluate potential offshore oil and gas lease sales across California’s...
Houston-based offshore vessel giant Tidewater Inc. is making a major push into Brazil, announcing a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. (WSUT) and its affiliate Atlantic Offshore Services S.A. in a deal valued at approximately $500 million.
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