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...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”....
...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....
...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....
...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....
...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...
...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...
...The Polar Pioneer rig, operated by Transocean under contract to Shell, began drilling at the site on July 30, but until now has not been allowed to reach depths that could hold oil....
...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...
...On April 20th 2010 we heard of a fire and blow out on the Deepwater Horizon rig which was drilling the Macondo well for BP in the Gulf of Mexico....
...Transocean was found negligent in a September ruling relating to its involvement in the Deepwater Horizon disaster in 2010....
...Mr Newman took over at Transocean in March 2010, a few weeks before the company’s Deepwater Horizon rig, working under contract for BP in the Gulf of Mexico, suffered an accident that killed 11 men and set...
...They also came as its US-based rival Transocean wrote down the value of its own drilling business....
...Transocean has been shifting its assets to focus on the ultra deepwater business – drilling in 7,500 feet or more of water – which is where it expects the long-term growth in the industry to come....
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