Search results for: transocean rather

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  • 18 April 2014

    An oil worker has been found dead on an offshore oil rig in Malaysia. According to The Scotsman, the worker, of Scottish nationality, was found by his colleagues on the Transocean Rather semi-submersible drilling rig. Transocean has confirmed the fatality to the Scottish media, and said it had launched an internal investigation into the circumstances […]

  • 19 March 2015
    Business & Finance, Exploration & Production

    Transocean Ltd. has issued its monthly Fleet Update Summary according to which the company intends to scrap four of its rigs.  In December last year, Transocean also announced it is scrapping seven lower-specification deepwater and midwater floaters. Transocean intends to scrap the Deepwater Expedition, Transocean Legend, Transocean Rather, and GSF Arctic III. The company says that […]

  • 20 November 2012

    Fairmount Marine’s multipurpose support vessel Fairmount Fuji has supported Angolan maritime service provider Octomar Serviços Maritimos in underwater maintenance of the drilling rig Transocean Rather. The Fairmount Fuji hosted and assisted a diving team of Octomar during the six weeks job offshore Angola. The Fairmount Fuji is a multipurpose support vessel with a spacious aft […]

  • 20 November 2012
    Business & Finance

    Fairmount Marine’s multipurpose support vessel Fairmount Fuji has supported Angolan maritime service provider Octomar Serviços Maritimos in underwater maintenance of the drilling rig Transocean Rather. The Fairmount Fuji hosted and assisted a diving team of Octomar during the six weeks job offshore Angola. The Fairmount Fuji is a multipurpose support vessel with a spacious aft […]

  • 20 November 2012
    Business & Finance, Operations & Maintenance

    Fairmount Marine’s multipurpose support vessel Fairmount Fuji has supported Angolan maritime service provider Octomar Serviços Maritimos in underwater maintenance of the drilling rig Transocean Rather. The Fairmount Fuji hosted and assisted a diving team of Octomar during the six weeks job offshore Angola. The Fairmount Fuji is a multipurpose support vessel with a spacious aft […]

  • 24 March 2017
    Exploration & Production

    Trøim and Fredriksen go all in on rig purchases while droves of investors look to jump on for the ride. If the market continues its recovery, they’ll do well. By David Carter Shinn Since last week, there have been two offshore rig transactions involving 17 rigs. Some of the details are still not public, but […]

  • 5 September 2014
    Business & Finance, Equipment, Technology

    United States District Court Judge Carl Barbier yesterday ruled that BP was “grossly negligent” in its actions leading to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. This ruling means that BP faces penalties of up to $4,300 per barrel of oil spilled, maximizing the money that will be returned to Gulf Coast […]

  • 22 June 2011
    Business & Finance

      Transocean Ltd. today announced the release of an internal investigation report on the causes of the April 20, 2010, Macondo well incident in the Gulf of Mexico. Following the incident, Transocean commissioned an internal investigation team comprised of experts from relevant technical fields and specialists in accident investigation to gather, review, and analyze the […]

  • 8 September 2010
    Project & Tenders

    No single factor caused the Macondo well tragedy. Rather, a sequence of failures involving a number of different parties led to the explosion and fire which killed 11 people and caused widespread pollution in the Gulf of Mexico earlier this year. A report released by BP today concludes that decisions made by “multiple companies and […]

  • 25 January 2013
    Business & Finance, Project & Tenders

    MPX North Sea Limited announces that the Transocean John Shaw semi-submersible drilling rig has arrived on location to complete the drilling of the Timon prospect located in the UK Northern North Sea in Blocks 211/11b and 211/16b. The 211/11b-7 well was originally spudded in May 2012 before being suspended due to operational problems with the […]

  • 22 June 2011
    Business & Finance

    Transocean Ltd. today announced the release of an internal investigation report on the causes of the April 20, 2010, Macondo well incident in the Gulf of Mexico. Following the incident, Transocean commissioned an internal investigation team comprised of experts from relevant technical fields and specialists in accident investigation to gather, review, and analyze the facts […]

  • 14 January 2016
    Equipment, Exploration & Production

    Seven drilling contractors, including major players like Transocean and Seadrill, have joined forces to create a reporting tool for capturing well control equipment failures. According to one of these offshore drillers, Maersk Drilling, the tool captures all failures in a third party system and gives the equipment owners more leverage to instigate equipment improvements with […]

  • 14 August 2015
    Business & Finance

    The Gulf Coast Ecosystem Restoration Council, a new U.S. federal entity created by the RESTORE Act consisting of six federal agencies and the five Gulf of Mexico states, released its first list of projects to restore the Gulf in the wake of the BP Deepwater Horizon oil disaster. Paid for with civil penalties from a […]

  • 14 August 2015
    Business & Finance

    The Gulf Coast Ecosystem Restoration Council, a new U.S. federal entity created by the RESTORE Act consisting of six federal agencies and the five Gulf of Mexico states, released its first list of projects to restore the Gulf in the wake of the BP Deepwater Horizon oil disaster. Paid for with civil penalties from a […]

  • 21 April 2017
    Business & Finance

    Schlumberger, the world’s largest oilfield services provider, increased its revenues by almost 6 pct during the first quarter of 2017 while its profit fell, compared to the year-before period.  In the quarterly report on Friday, the company posted a $6.89 billion in revenues for the first quarter 2017, an increase compared to $6.52 billion in the […]

  • 25 May 2016
    Business & Finance

    As the ratification of the Bunker tankers (BWM) Convention approaches, the International Maritime Organization (IMO) is now considering whether to grant exemptions for vessels operating in a limited geographical area from the requirement to manage ballast water, rather than the current exemption provisions where each individual ship must make its case. This follows a proposal to define and […]

  • 12 October 2015
    Exploration & Production, Project & Tenders

    Vaalco Energy, Inc. on Monday announced a re-sequencing update to its drilling and workover program offshore Gabon in the Etame Marin block. To remind, the company in September, 2015, announcing first production North Tchibala field development well, said it would mobilize the Transocean Constellation II jack-up rig to the Avouma/South Tchibala field to conduct workover operations to replace electrical submersible […]

  • 23 May 2017
    Exploration & Production

      By Charlie Hockless, Senior Offshore Analyst at VesselsValue Since 2014 we’ve seen a significant decline in the oil price from 115 USD/bbl to 28 USD/bbl, with a recovery to around 50 USD/bbl (today’s price 53.86 USD/bbl). The collapse of oil pricing, reduced spend on exploration and production and the increased efficiencies in the drilling industry […]

  • 28 August 2014
    Equipment

    The cyclical downturn in the offshore oil and gas-drilling market may provide an opportunity for drillers with financial flexibility to buy high-yield peers at favorable prices, Fitch Ratings says.

  • 29 October 2010
    Business & Finance

    On May 22, 2010, President Obama established the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling (the “Commission”) to examine the facts and circumstances to determine the cause of the Deepwater Horizon Oil Disaster, develop options for guarding against future oil spills associated with offshore drilling and submit a final public […]

  • 21 September 2017
    Exploration & Production

    By: David Carter Shinn Rig owners’ aversion to consolidation creates a barrier which slows progress toward efficiency. Competition is vital to a well-functioning market. As we’ve seen throughout history, when there are too few players, prices rise and freedom of selection decreases. When there are too many players, growth and profitability become more difficult to attain. […]

  • 2 May 2017
    Business & Finance, Exploration & Production

    DNV GL, a certification body and classification society, has appointed Transocean’s director of reliability, innovation, and fleet planning, Julian J. Soles, as the chairman of its Rig Owners Committee. DNV GL hosted the 2017 Annual Rig Owners Committee meeting at its North America headquarters in Houston on April 27. According to DNV GL, this annual […]