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...As chief executive, his handling of the Deepwater Horizon explosion saw him immediately blame rig owner Transocean before any investigation had taken place....
...Closing Quote — essential comment before you go Andrew Hill Ten years ago today, an explosion and fire ripped through Transocean’s Deepwater Horizon drilling rig, working under contract for BP in the Gulf...
...Ten years ago today, an explosion and fire ripped through Transocean’s Deepwater Horizon drilling rig, working under contract for BP in the Gulf of Mexico....
...Ms Anderson says a significant development may be NNPC’s plan to turn its partnerships with oil companies into “incorporated joint ventures”....
...Transocean — the industry’s largest deepwater and harsh environment operator — will expand its fleet to 57 through the deal, with the addition of Ocean Rig’s fleet of ultra-deepwater drillships and semi-submersible...
...Last year Transocean, the world’s largest offshore-rig operator, jettisoned six of its rigs amid bleak predictions for deepwater drilling....
...Jeremy Thigpen, chief executive of rig operator Transocean, said last month the ultra-deepwater drilling market was “turning up”....
...Tripoli is nearer Damascus than Syria’s own deepwater ports of Latakia or Tartous, which are currently used by Russian military....
...(BBG) News round-up Transocean strikes $2.7bn deal for deepwater rival Ocean Rig (FT) Bonhams snapped up by private equity group Epiris (FT) I Squared raises $7bn for infrastructure investments (BBG)...
...This week, Transocean followed by striking a deal to acquire Norway’s Songa Offshore for $3.4bn....
...This week, Transocean followed by striking a deal to acquire Norway's Songa Offshore for $3.4 billion....
...The offshore drilling business is in such distress that Transocean just sold at a steep discount a dozen rigs it does not need to a small Norwegian group....
...It tells only a partial version of the story, setting up a simplistic opposition between the heroes of Transocean, which owned and operated the Deepwater Horizon rig, and the villains of BP....
...Neither BP nor Transocean, the drilling company that owned the Deepwater Horizon rig, co-operated with the filmmakers....
...Transocean’s Deepwater Horizon drilling rig, working under contract for BP, was hit by an explosion and fire when oil and gas escaped from the well it had just finished drilling....
...Shares in Transocean fell 9 per cent to $9.34 after the company said on Monday that a subsidiary of Murphy Oil opted to terminate the contract for the ultra-deepwater drillship Discoverer Deep Seas in the...
...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....
...Transocean, one of the largest offshore drilling contractors, relocated from the US to the Cayman Islands in 1999, and then to Switzerland in 2008....
...The Dhirubhai Deepwater rig, capable of drilling in 12,000 feet of water and to a total depth of 35,000 feet, has a new contract from Reliance of India to work for $295,000 per day, down from $395,000 per...
...Rig operators such as Transocean, Seadrill and Maersk park rigs when drilling contracts come to an end or clients — an oil major, say, such as BP or Royal Dutch Shell — decide not to take up the option of...
...BP has agreed settlements with Transocean and Halliburton to resolve its legal disputes with the oil-services groups over the 2010 Deepwater Horizon disaster, closing another chapter in the long and complex...
...call with analysts to explain the Cameron deal, Paal Kibsgaard, Schlumberger’s chief executive, suggested that the offshore industry had a future only if it could cut the production cost per barrel for deepwater...
...Such projects, said analysts, will be essential if BP, which has shrunk drastically since the 2010 Deepwater Horizon disaster, is to meet targeted production growth....
...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...
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