Transocean
Transocean News
Transocean Latest Offshore Drilling Rig Fleet Summary
Transocean Ltd. has issued its 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 February 18, 2014. The total value of new contracts since the February 18, 2014 Fleet Update Summary is approximately $14 million. GSF Galaxy III - Awarded an approximate two and one-half month contract extension for use as an accommodation unit in the U.K.
Transocean Estimates 18-24 Months to Recovery
Reuters - Transocean Ltd, owner of the world's largest offshore drilling fleet, said it could take up to 18-24 months for demand to recover as customers delay drilling programs.
Transocean Profit Slides on Lower Rig Demand
Reuters – Transocean Ltd, owner of the world's largest offshore drilling fleet, said on Wednesday that fourth-quarter profit fell 49 percent from a year ago, hurt by lower rig utilization. The company's net profit attributable to controlling interest fell to $233 million, or 64 cents per share, from $456 million, or $1.26 per share, a year earlier. The driller for the oil industry said about $34 million in unfavorable charges affected its profit in the latest quarter…
Transocean Orders Two New Ultra-Deepwater Drillships
Transocean Ltd. inform that a subsidiary company has awarded contracts to Sembcorp Marine's subsidiary, Jurong Shipyard, in Singapore for construction of two newbuild dynamically positioned ultra-deepwater drillships with contract options for up to three more. The two drillships are expected to be delivered from the shipyard in the second quarter of 2017 and the first quarter of 2018, respectively.
Transocean Drilling Rig Fleet Update Summary
Transocean Ltd. has 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 January 16, 2014. The total value of new contracts since the January 16, 2014 Fleet Status Report is approximately $66 million. Estimated 2014 out-of-service time increased by a net 150 days,…
Latest Transocean Offshore Rig Status Report
Transocean's latest comprehensive Fleet Status Report provides the current status and contract information for the company's entire fleet of offshore drilling rigs. The total value of new contracts since the December 18, 2013 Fleet Update Summary is approximately $48 million. GSF Arctic III - Awarded a two-well contract in the U.K. sector of the North Sea at a dayrate of $410,000 ($48 million estimated backlog). The rig's prior dayrate was $339,000.
Transocean Executive V-P Resigns
Transocean Ltd. say that Executive Vice President, Chief of Staff. Ihab Toma, has resigned with effect from 31, December 2013. Transocean adds that with Mr. Toma's departure, the position of Chief of Staff will be eliminated and responsibilities redistributed. Effective immediately, the company's Board of Directors has designated the Chief Executive Officer, Steven L. Newman; the Executive Vice President and Chief Financial Officer…
Transocean Appoint Lars Sjobring Senior V-P & General Counsel
Mr. Sjobring will join the company upon completion of the notice period with his current employer and will be based in Geneva, Switzerland. In the interim, Mr. Allen Katz will continue to serve as the company's Interim Senior Vice President and General Counsel. His qualifications include over 15 years of law practice in international settings, and he received his education in both Europe and the United States. Mr.
Keppel Wins US$1-Billion Transocean Jackup Rig Order
Keppel FELS Limited 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, Transocean has options to build up to another five similar jackup rigs with Keppel FELS. Tailored to suit Transocean's requirements, the KFELS Super B Class rigs are designed to operate in 400 feet water depth and drill to 35,000 feet.
Transocean Fleet Status Report Update
International provider of offshore contract drilling services for oil and gas wells, Transocean Ltd. has issued the report which provides the current status and contract information for the company's entire fleet of offshore drilling rigs. The total value of new contracts since the September 18, 2013 Fleet Update Summary is approximately $2.0 billion. As announced earlier, the company has been awarded…
Transocean Future Newbuild Drillship Chartered Out
Transocean Ltd. has been awarded a five-year contract by Chevron U.S.A. Inc. for a newbuild dynamically positioned ultra-deepwater drillship. Shipyard delivery is scheduled for the second quarter of 2016. After customer acceptance, the contract is expected to commence in the fourth quarter of 2016, contributing an estimated revenue backlog of approximately $1.1 billion, excluding mobilization. Excluding capitalized interest…
Transocean Latest Rig Fleet Update
Transocean's update summary includes new contracts, significant changes to existing contracts and changes in estimated planned out-of-service time of 15 or more days since July 17, 2013. The total value of new contracts since the July 17, 2013 fleet status report is approximately $2.5 billion. Estimated 2013 planned out-of-service time decreased by a net 172 days; estimated 2014 planned out-of-service time increased by a net 119 days.
Transocean Reports Q2 2013 Revenue Increase
Transocean's second quarter 2013 revenues were US$2.397-billion, compared with US$2.197-billion in the first quarter of 2013. Second quarter 2013 net income attributable to controlling interest was $307 million, which included $85 million of net unfavorable items. Second quarter 2013 net income attributable to controlling interest was $0.84 per diluted share. Revenue efficiency(2) was 93.1 percent in the second quarter, compared with 88.0 percent, in the first quarter of 2013.
Transocean Notify Q2 2013 Results, Teleconference
Transocean Ltd. announces Second Quarter 2013 earnings release date and conference call information
. The company will report earnings for the three months ended June 30…
Transocean Latest Rig Fleet Update
The total value of new contracts since Transocean's June 13, 2013 fleet update summary is approximately $180 million. Estimated 2013 out-of-service time increased…
Ian C. Strachan Elected Transocean Chairman
The Board of Directors of the company elected Ian C. Strachan to serve as Chairman of the Board effective May 18, 2013. Mr. Strachan replaces J. Michael Talbert…
Transocean Chairman Announces Retirement Plans
Transocean Ltd. announced that J. Michael Talbert has advised the Board of Directors that, if reelected at the company's upcoming Annual General Meeting (AGM) on May 17…
Transocean Disagrees with Proposed ISS Board Nominees
Transocean Ltd. commented on a report issued by proxy advisory service Institutional Shareholder Services (ISS) regarding the company's Annual General Meeting, which will be held on May 17, 2013.
Transocean Receives Proposal from Carl Icahn
Transocean Ltd. announced that certain Funds affiliated with Carl Icahn submitted to the company for vote at its 2013 Annual General Meeting of Shareholders (AGM) a dividend proposal of $4.00 per share. Additionally, the Funds provided a notice of nomination of three director candidates for election to Transocean's Board of Directors at its 2013 AGM and a proposal to repeal the company's staggered board. The Transocean Board of Directors will evaluate the proposals in due course.
Deepwater Horizon Disaster: Transocean Sentenced
Transocean pleads guilty, sentenced to pay $400-million in penalties for criminal conduct leading to the disaster. Transocean Deepwater Inc. has pleaded guilty to…
