Transocean
Transocean News
Alabama Announces $20 Million Transocean Settlement
Governor Robert Bentley on Thursday announced that Alabama has agreed to a settlement with Transocean Offshore Deepwater Drilling, Inc., which owned the Deepwater Horizon.
Transocean Puts Off Deliveries of Two New Drillships
Transocean Ltd. announced today a mutual agreement with its customer, Shell EP Wells Equipment Wells Services B.V. (Shell), and the shipyard, Daewoo Shipbuilding & Marine Engineering Co.
Transocean Delays Drillships
Transocean Ltd, the world’s largest offshore driller, has delayed delivery of two new ultra-deepwater drillships, the company announced. The company amended its…
PSC, BP Claims Against Transocean Resolved
Transocean Ltd. announced that it has reached two separate settlement agreements, with the Plaintiffs' Steering Committee (the "PSC") and with BP Exploration & Production Inc.
Transocean Swings to Loss on Falling Revenue
Transocean Ltd., one of the world's top offshore drilling companies, reported a first-quarter loss on Wednesday as oil exploration and production companies rent…
Transocean Appoints Jeremy D. Thigpen President & CEO
The CFO of Houston-based National Oilwell Varco Inc. (NOV) is stepping down to become CEO of Transocean Ltd. (RIG), one of NOV’s largest customers. Effective April 22…
Transocean to Scrap Two Rigs
Swiss driller Transocean Ltd. announced yesterday that it intends to scrap, in an environmentally responsible manner, two offshore rigs: GSF Aleutian Key and Sedco 707.
Transocean Issues Monthly Fleet Update Summary
Transocean Ltd today issued a monthly Fleet Update Summary, which includes new contracts, changes to existing contracts, and changes in estimated planned out-of…
Transocean Shares Poised for Big Move
Transocean Ltd shares are expected to move about 8 percent in either direction following its earnings results on Wednesday, options data showed, but positioning among traders suggests some worry. This would be the biggest post-earnings move for the shares in at least eight quarters. The outlook among traders was pessimistic, however, as seven of the ten most active Transocean options on Tuesday were puts, which are usually either a bet on or a hedge against the shares falling.
Transocean to Raise Money with Caledonia Offshore Offering
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced that Transocean Inc., its wholly-owned subsidiary, intends to proceed with an unregistered offering of shares of Caledonia Offshore Drilling Company…
Transocean Steers Clear of BP Punitive Damages
Transocean Ltd. informs it has received a decision by the United States District Court for the Eastern District of Louisiana on phase one of litigation related to the April 20…
Transocean Fleet Update Summary
Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, changes to existing contracts and changes in estimated planned out-of-service…
Transocean Prices Initial Public Offering
Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., has announced the pricing of its initial public offering of 17,500,000 common units representing limited liability company interests at $22.00 per unit. All of the common units are being offered by Transocean Partners Holdings Limited, a wholly owned subsidiary of Transocean Ltd. Transocean Partners Holdings…
Transocean to Appoint Miller to Board
Transocean Ltd. Assuming Miller is elected by shareholders at the EGM, the board intends to designate him as Vice Chairman. Transocean explained that Ian C. Strachan…
Greenpeace board Transocean Spitsbergen
On the morning of 27 May Greenpeace activists boarded the drilling rig Transocean Spitsbergen. The rig was en route to the Hoop area in the Barents Sea. On Monday Statoil got approval from the Norwegian Ministry of Climate and Environment to start drilling operations tied to the Apollo prospect in the Hoop area. The company is not allowed to drill into oil-bearing layers until the complaint from Greenpeace has been dealt with by the ministry.
Transocean Agrees US$3.0 Dividend
Shareholders have approved a dividend of $3.00 per share (or approximately $1.1 billion in the aggregate (based upon the number of currently outstanding shares)…
Transocean Provides Fleet Update Summary
Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, significant changes to existing contracts and changes in estimated planned out-of-service time of 15 or more days since April 17, 2014. The total value of new contracts since the April 17, 2014 Fleet Status Report is approximately $953 million, Transocean said. •Dhirubhai Deepwater KG1 - Awarded a three year contract offshore Brazil at a dayrate of $440,000 ($482 million estimated backlog).
Transocean Reports Q1 Net Income Surge
Transocean Ltd., the world's top offshore driller for enegy producers, posted first-quarter net income on Wednesday of $456 million, a 42 percent rise from a year ago, thanks to an uptick in revenue and lower costs and taxes. Operating revenues rose 7 percent to $2.34 billion while costs fell 5.8 percent to $1.6 billion. (Reporting By Terry Wade)
Transocean to Create New Offshore Drilling Company
Transocean Ltd. says that it intends to pursue the creation of an entity comprising 8 of its UK North Sea midwater drilling rigs. The new entity, Caledonia Offshore…
Transocean 2013 Success Story: Dividend Up 34%
In a letter to shareholders chairman, Ian C. Strachan and Steven L. Full year 2013 net income attributable to controlling interest was $1.4 billion on total revenues of $9.5 billion, increases versus 2012. During the year we added approximately $7.9 billion in backlog, including a five-year contract with Chevron for the newbuild ultra-deepwater drillship, Deepwater Conqueror, to be delivered in the second quarter of 2016.
