Transocean – Oil & Gas 360

Transocean announces $193 million ultra-deepwater drillship contract in Gulf of Mexico

October 17, 2024

(World Oil) – Transocean Ltd. today announced a one-year contract for the Deepwater Conqueror with an undisclosed operator in the U.S. Gulf of Mexico. The contract is expected to commence in October 2025 and contribute approximately $193 million in backlog, including additional services. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas

Transocean lands $252 million contract for new ultra-deepwater drillship

August 26, 2021

World Oil Transocean announced that BOE Exploration & Production LLC (“BOE”) awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million. Additionally, the contract provides for a significant performance bonus opportunity based upon agreed operating metrics. This award results from the final investment decision of BOE and the Shenandoah

Seadrill unveils its first hybrid-powered offshore drilling rig

November 26, 2019

Houston Chronicle Not only are offshore drilling rigs become smarter and more automated, they are becoming greener and more energy independent. Seadrill, an offshore drilling rig operator headquartered in Bermuda with its principal offices in London and Houston, has unveiled the company’s first hybrid offshore drilling rig – one that draws power from both diesel-fired generators and renewables-friendly battery storage

Transocean Revolving Credit Facility Jumps to $1.36 Billion

May 15, 2019

Transocean Ltd. Announces Revolving Credit Facility Increase to $1.36 Billion

Transocean Contracts to Supply Two Ultra-Deepwater Drillships to Chevron for Gulf of Mexico

December 28, 2018

$830 million contract Offshore drilling contractor Transocean Ltd. (stock ticker: RIG) has two opportunities in development with Chevron (stock ticker: CVX). Most recently, Transocean signed a rig design and construction management contract with Chevron USA, as well as a 5-year drilling contract. The contracts relate to one of Transocean’s two drillships under construction at the Jurong shipyard in Singapore, both

Transocean Offers $750 Million Notes to Generate Cash for Ocean Rig Merger

October 22, 2018

Transocean Ltd. Announces Offering of Notes

Transocean Scores 955 Days from Chevron Australia for Ultra-Deepwater Semisubmersible Rig in 2019: Adds $158 Million to Backlog

July 17, 2018

Transocean Ltd. (NYSE:RIG) announced that the ultra-deepwater semisubmersible GSF Development Driller I was awarded an 11-well contract (approximately 955 days) commencing offshore Australia in the first half of 2019 with Chevron Australia. The estimated firm contract backlog, excluding integrated services, is approximately $158 million. Additionally, the contract includes four one-well options.

Transocean Pontus to Offer $600 Million in Senior Secured Notes

July 10, 2018

Transocean Ltd. (NYSE:RIG) announced today that Transocean Pontus Limited, a wholly owned indirect subsidiary of Transocean, commenced a private offering of senior secured notes. Transocean Pontus intends to offer U.S. $600 million in aggregate principal amount of senior secured notes due 2025 to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be guaranteed by Transocean Ltd., Transocean Inc.

Transocean Offers $700 Million of Secured Notes and Closes $1 Billion Credit Facility

June 27, 2018

Transocean Ltd. (NYSE:RIG) announced today that Transocean Guardian Limited (“Transocean Guardian”), a wholly owned indirect subsidiary of Transocean, commenced a private offering of senior secured notes. Transocean Guardian intends to offer U.S. $700 million in aggregate principal amount of senior secured notes due 2024 (the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be guaranteed by

Transocean Announces Retirement of COO

June 4, 2018

From Globe NewsWire Transocean Ltd. (NYSE:RIG) announced today that John Stobart, Executive Vice President, Chief Operating Officer and Chief Performance Officer, is retiring. Keelan Adamson, the company’s Senior Vice President – Operations, has assumed Mr. Stobart’s responsibilities, effective June 1, 2018. “It has been my sincere pleasure to work with John over these past three years,” said Jeremy Thigpen, President

Halliburton, Transocean Reach Resolution with BP

May 21, 2015

Companies Hope to Strengthen Relationship On May 20, 2015, Halliburton (ticker: HAL) and BP plc (ticker: BP) announced a mutual agreement to resolve remaining issues relating to charges and indemnities from the Deepwater Horizon disaster. The incident occurred 61 months ago to the day. In a company press release, Dave Lesar, Chairman and Chief Executive Officer of HAL, referred to

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