Transocean is taking a US$1.4 billion impairment in Q3 2017 following the drilling contractor's decision to scrap five ultra deepwater floaters, and one deepwater rig. The Sedco Express ultra deepwater floater will be scrapped.
Transocean is an oil and gas drilling company that does not compromise excellence delivery of completed wells with standard safety practices. Being the largest drilling company worldwide with their standard and safe method of drilling makes them one of the best in the drilling sector.
Transocean sells jack-up rig fleet to Borr Drilling ...
Mar 21, 2017 · Transocean Ltd. (NYSE: RIG), which is based in Switzerland but has its U.S. corporate office in Houston, is selling off some of its drilling rigs for $1.35 billion. Borr Drilling Ltd., an international drilling contractor in the oil and gas industry, plans to buy all of Transocean's 15 high-specification jack-up rigs.
It may not be showing up much in the bottom line of Transocean's results, but keeping rigs working at even the most modest profits will go a long way for any rig company, especially since we have yet to hit the bottom of the market.
Our teams are working around the clock to re-staff rigs, deliver flawless start ups with reactivation, deliver ready-to-drill newbuilds from shipyards, manage seamless entry into new countries and efficiently executing contracts," Bonno said in Transocean's Q2 2017 earnings call last week.
Nabors Industries, is the largest land drilling contractor in the US and one of the top international land drilling contractors, with a fleet of more than 200 land drilling rigs operating in significant oil, gas, and geothermal drilling markets worldwide.
Transocean currently has 44 floating rigs compared to Songa's seven. Transocean looking to secure a foothold in the Norwegian semisub market The focus of this transaction is on the four Cat-D semisubs on long-term contracts with Statoil.
ZUG, Switzerland – Transocean has issued an update on its offshore drilling rig fleet. On Dec. 31, 2016, the newbuild ultra-deepwater drillship Deepwater Conqueror began operations on its five-year contract with Chevron Corp. in the US Gulf of Mexico at a day rate of $589,000.
A free inside look at Transocean Offshore Deepwater Drilling salary trends. 89 salaries for 68 jobs at Transocean Offshore Deepwater Drilling. Salaries posted anonymously by Transocean Offshore Deepwater Drilling employees.
Transocean Bags New Rig Work For Deepwater Nautilus
According to VesselsValue, an undisclosed charterer has hired Transocean's 2000-built semi-sub Deepwater Nautilus on August 8. The drilling rig has been taken on a four-month deal which will start on November 1 and end on February 28, 2017.
Oil's Biggest Rigs Head to the Junkyard - Bloomberg
Oct 18, 2017 · The move by the world's biggest offshore-rig operator signals just how bleak the future looks for deepwater drilling. Pathfinder is the most famous of six floating rigs the company is scrapping in burials that will add up to a bruising $1.4 billion write-off.
Transocean to cut jobs on Development Driller III rig …
Jan 17, 2017 · Developer Drilling III, an ultra-deepwater drilling rig in the Gulf of Mexico, is stacked due to market conditions. However, if Transocean secures a contract for additional work, the company could recall some of the affected employees.