Hints and tips:
...Difficult at times, surely, yet spare a thought for those running the listed companies that operate deepwater drilling rigs....
...In December, Vantage Drilling in the US, which has three deepwater drillships, filed for bankruptcy protection....
...Although offshore and especially deepwater oil is expensive, the fields found can be very large....
...For example, Transocean’s Deepwater Champion rig is under contract to ExxonMobil to work in the Gulf of Mexico at a rate of $395,000 per day from November to January, down 41 per cent compared to its previous...
...If Fossil is threatened by the imminent entry of a big competitor, Transocean, one of the world’s largest offshore drilling contractors, faced further pain from the weaker oil price....
...Day rates for drilling rigs have started to fall, even for advanced deepwater rigs....
...Carl Icahn, the corporate raider, has disclosed an effective 3.2 per cent stake in Transocean, the offshore drilling contractor that owned and operated the Deepwater Horizon rig that sank in the Gulf of...
...(Bloomberg) Transocean in $1.4bn Gulf settlement: Transocean, the offshore drilling contractor that owned and operated the Deepwater Horizon rig that sank in the Gulf of Mexico in 2010, has agreed a $1.4bn...
...The offshore drilling contractor owned and operated the Deepwater Horizon rig that sank in the Gulf of Mexico in 2010....
...The deal that created today’s Transocean was the 2007 merger with GlobalSantaFe, which made it the world’s largest offshore drilling contractor by far....
...Transocean suffered a fall in profits in the second quarter, as costs rose more quickly and the deepwater drilling industry recovered from the ban that followed the oil spill in the Gulf of Mexico....
...Transocean, the world’s largest offshore drilling contractor, which owned and operated the Deepwater Horizon rig that exploded on April 20, saw one of the steepest declines of the year, falling 90 places...
...The deal gives a boost to deepwater drilling, which has suffered delays in new US permits after BP’s oil spill last April in the Gulf of Mexico – a key deepwater frontier area....
...The deal is a vote of confidence for deepwater drilling, which has suffered difficulties in the US as a result of delays in issuing new permits for the Gulf of Mexico – a key deepwater frontier area – following...
...Yet the commission identified flaws in process safety on Deepwater Horizon, despite one BP representative’s later testimony that it was “one of the top-performing rigs” in the fleet for drilling and safety...
...Transocean and Halliburton, are left out....
...Zurich-listed Transocean, the offshore drilling contractor which operated the Deepwater Horizon oil rig in the Gulf of Mexico, rose 6.1 per cent in the week to SFr64.40....
...This put drilling at 33 exploratory wells in the Gulf of Mexico on hold and blocked any new deepwater permits from being granted....
...Judicial Watch, a monitoring group, later posted Mr Feldman’s 2008 financial disclosure report on the internet, showing he owned stock in numerous offshore drilling companies, including Transocean, which...
...However, the president has gone further than many expected by also halting all drilling already under way by 33 deepwater exploration rigs....
...Insurers and reinsurers have estimated direct insurance losses from the Deepwater Horizon oil rig explosion will be $1bn-$1.5bn....
...Horizon drilling rig on April 20....
...As we are bullish on deepwater activity levels well into the next decade, we view Transocean as a core holding in the offshore drilling sector....
...Transocean has agreed to buy GlobalSantaFe in a complex deal worth $18bn that will unite the world’s largest offshore oil and gas drilling companies and could herald further consolidation in the sector....
...Transocean on Monday agreed to buy GlobalSantaFe in a complex deal worth $18bn that will unite the world’s largest offshore oil and gas drilling companies and could herald further consolidation in the sector...
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