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 Department of the Interior announced today that the Bureau of Ocean Energy Management has conducted Lease Sale Big Beautiful Gulf 1, generating $279.4 million in high bids for 181...
The Trump administration will hold the government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023 on Wednesday, a key test of industry appetite for offshore acreage at a time when the United States is seeking to unleash more domestic fossil fuel production.
A federal judge on Monday struck down an order by U.S. President Donald Trump's administration to halt all federal approvals for new wind energy projects, saying that agencies' efforts to implement his directive were unlawful and arbitrary.
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