Search results for: Transocean

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A list of search results

  • 9 November 2016
    Exploration & Production

    Irish oil and gas explorer Providence Resources has been denied a right to appeal to a court ruling in a case against offshore driller Transocean. Providence was seeking permission to appeal the Court of Appeal decision brought on April 13, 2016, regarding a prior litigation between Providence and Transocean over the use of the semi-submersible […]

  • 1 March 2019
    Business & Finance, Equipment, Exploration & Production

    MHWirth, an Akastor-owned provider of drilling solutions and services, has been awarded a contract for the delivery of automatic drilling control systems on five Transocean’s drilling rigs.

  • 18 February 2019
    Equipment, Exploration & Production

    Transocean has entered into an agreement with Equinor to license and install Automated Drilling Control systems on four high-specification, harsh environment rigs currently on contract in Norway and a fifth semi-submersible that is expected to start operations in the Norwegian Sea this summer.

  • 19 October 2011
    Business & Finance

    Transocean today officially opened its state-of-the-art training center and offices in Kuala Lumpur, Malaysia. The training center and offices were opened by Dato’ Wee Yiaw Hin, Executive Vice President, Exploration and Production, of PETRONAS, and Steven L. Newman, President and Chief Executive Officer of Transocean. “It is exciting to celebrate the opening of our Kuala […]

  • 13 April 2016
    Exploration & Production

    An appeals court in London has issued a final ruling in a case between the Irish oil and gas exploration company Providence, and Transocean, one of the world’s largest offshore drilling contractors.  The dispute began in 2012 when Transocean laid a claim for Providence to pay $19 million in outstanding dayrates for the use of […]

  • 13 April 2016
    Exploration & Production

    Irish oil and gas company Providence Resources has requested a temporary suspension in trading of its shares on in London (AIM) and (ESM) in advance of a final court decision regarding a dispute with Transocean. The oil company in 2014 won a case against Transocean Drilling UK Limited, related to certain cost claims made by Transocean […]

  • 5 December 2018
    Exploration & Production

    Offshore drilling giant Transocean has become even bigger as it on Wednesday evening announced the completion of the acquisition of Ocean Rig UDW, an ultra-deepwater drilling specialist.

  • 21 February 2013
    Business & Finance

    The final approval was given to Transocean’s $1 billion civil settlement related to BP‘s Gulf of Mexico oil spill, Reuters reports. A $1.4 billion agreement was reached between Transocean and the U.S. government to settle criminal and civil charges. Reuters informs that last week Transocean’s guilty plea for violating the U.S. Clean Water Act along […]

  • 7 November 2013

    Keppel FELS Limited (Keppel FELS), a wholly – owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a repeat order from a subsidiary of Transocean Ltd. (Transocean) to build 5 KFELS Super B Class jackup rigs for $1. 1 billion. The rigs are scheduled to be delivered progressively from 1Q 2016 to 3 […]

  • 1 August 2016
    Business & Finance, Exploration & Production

    Offshore drilling contractor Transocean Ltd. has indirectly acquired two drillships and one semi-sub rig by acquiring its subsidiary Transocean Partners LLC.  Transocean has agreed to acquire all of the outstanding common units of Transocean Partners not already owned by Transocean in a share-for-unit merger transaction. In the merger, Transocean Partners common unitholders will receive 1.1427 […]

  • 5 September 2018
    Business & Finance

    Consolidation in the offshore energy industry is gaining ground.

  • 15 August 2017
    Business & Finance, Exploration & Production

    Switzerland-based offshore driller Transocean is buying its rival Norwegian-Cypriot offshore driller Songa Offshore in a $3.4 billion worth deal.  Transocean has reached an agreement with Songa Offshore to acquire 100 percent of the issued and outstanding shares of Songa Offshore, including shares issued before expiry of the offer period as a result of the exercise of warrants, […]

  • 16 July 2020
    Business & Finance, Business developments & projects, Exploration & Production

    Transocean has received a contract termination for its semi-submersible Paul B. Loyd Jr. in the UK. Furthermore, Transocean said that the delivery of the Deepwater Atlas drillship from a Sembcorp Marine yard could be delayed.

  • 9 October 2018
    Exploration & Production

    Offshore driller Ocean Rig has set a date for its shareholders to vote on a proposal to merge with Transocean.

  • 7 November 2013
    Business & Finance

    Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a repeat order from a subsidiary of Transocean Ltd. (Transocean) to build 5  KFELS Super B Class jackup rigs for US$1.1 billion. The rigs are scheduled to be delivered progressively from 1Q 2016 to 3Q 2017.  In addition, […]

  • 22 December 2014

    Irish oil and gas exploration firm Providence Resources has informed that it has won a court case against offshore drilling contractor Transocean. In a statement issued Monday morning, Providence Resources said that a Judgment was handed down by the Hon. Justice Popplewell on Friday, 19 December, 2014 in the Commercial Court in London. The company explained that […]

  • 22 December 2016
    Business & Finance

    Cameron, a Schlumberger company, on Wednesday announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean worth more than $350 million.  Schlumberger said that the first contract calls for it to manage Transocean’s Cameron risers in the Gulf of Mexico. This agreement includes storage, maintenance, inspection, repair, recertification, and […]

  • 22 December 2016
    Operations & Maintenance, Project & Tenders

    Cameron, a Schlumberger company, has signed two 10-year pressure control equipment management service contracts with Transocean valued at more than $350 million.  The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of Mexico. The work scope includes storage, maintenance, inspection, repair, recertification and data-driven riser management on the rigs. Through the second contract, […]

  • 5 August 2011
    Business & Finance

      Keppel FELS Limited has secured a repeat order from Transocean Offshore Deepwater Holdings Ltd, a subsidiary of Transocean Ltd. for US$195 million. Following its order of two jack-up rigs from Keppel FELS on 17 February 2011, Transocean is exercising its option to build another high specification jack-up rig based on the KFELS Super B […]

  • 26 December 2011

    On or about November 7, 2011, an oil leak occurred  in the vicinity of a development well being drilled by Chevron off the coast of Rio de Janeiro in the Frade field with a semisubmersible drilling rig, the SEDCO 706, owned by a subsidiary of Transocean. The incident involved the release of hydrocarbons from fissures […]

  • 20 August 2015
    Exploration & Production

    Transocean, one of the world’s largest drilling contractors, has won a pair of contract extensions, one in India and the other one in Norway, but with reduced dayrates.  According to Transocean’s latest fleet status report, its ultra-deepwater drillship, the Dhirubhai Deepwater KG2, has been awarded a contract extension from Reliance for approximately three months offshore India. The […]

  • 31 July 2018
    Exploration & Production

    Offshore drilling company Transocean posted a net loss attributable to controlling interest of $1.135 billion. The results were affected by impairments of $1.117 billion.