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...Better known in the US for its petrol stations, offshore drilling and the Deepwater Horizon oil spill, BP last year pledged to begin reducing crude production, cutting emissions — including rampant flaring...
...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....
...Drilling rig operator Transocean has struck a cash-and-stock deal valued at $2.7bn including debt to acquire deepwater rival Ocean Rig in the latest sign that recovery in oil prices is fuelling a new round...
...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”....
...Gulf producer has allowed an international partner to buy into one of its services businesses The two deals come after Transocean last month agreed to buy Ocean Rig in a cash-and-stock transaction valued...
...Smart reads A Shell of itself The European oil company believes that intensive deepwater drilling is the way it’ll be able to fuel its transition into shale and renewables....
...Difficult at times, surely, yet spare a thought for those running the listed companies that operate deepwater drilling rigs....
...Difficult at times, surely, yet spare a thought for those running the listed companies that operate at deepwater drilling rigs....
...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....
...What audiences can take away from the film, though, is a vivid sense of the extraordinary engineering feat that is deepwater drilling, and renewed respect for the men and women who contend with its difficulties...
...Neither BP nor Transocean, the drilling company that owned the Deepwater Horizon rig, co-operated with the filmmakers....
...In December, Vantage Drilling in the US, which has three deepwater drillships, filed for bankruptcy protection....
...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....
...Oil and gas companies within the S&P 500 have declined on eight of the past 10 trading days, including 9 per cent-plus drops for Transocean, Marathon Oil, Diamond Offshore Drilling and Murphy Oil....
...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....
...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...
...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...
...Transocean, one of the leading offshore drilling contractors, reported in October that a rig it had previously contracted to Exxon for $670,000 per day was last month being used for just $395,000 per day...
...Ensco, Transocean and Diamond Offshore were comfortably among the top 10 decliners on the S&P 500 on Thursday as analysts at Barclays warned that the spending on which drillers rely is not going to pick...
...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...
...Transocean, one of the world’s largest offshore drilling contractors, has been hit hard by the decline in oil and gas drilling, and its shares have fallen 53 per cent in the past year....
...Transocean, one of the world’s largest offshore drilling contractors, announced it could no longer to afford even the greatly reduced dividend for this year that shareholders had approved in May, and warned...
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