Tag: transocean

Transocean CEO: Rig supply outpacing drilling demand (video)

Steven Newman, chief executive officer for Transocean Ltd., talks about the outlook for oil rig demand and oil exploration. Newman also discusses the impact of activist shareholder Carl Icahn on the company.  More »

Investigators release new findings on cause of BP oil spill

Federal investigators shed new light Thursday on why a key safety device failed to stop a blowout at BP’s Macondo well, which triggered the worst offshore oil spill in U.S. history four years ago.  More »

Greenpeace boards rig heading for Norway’s northernmost drilling site

Activists from environmental group Greenpeace boarded a Statoil rig en route to drill Norway’s northernmost exploration well in the Barents Sea, saying it’s too close to the polar ice cap and a key nature reserve.  More »

Justice Dept.: Shielding Transocean docs could threaten Gulf spill report

A U.S. attorney on Monday urged a federal appeals court to reject Transocean’s challenge to subpoenas for documents linked to the 2010 Gulf of Mexico oil spill, arguing they are pivotal for a regulatory report on the disaster due in June.  More »

Fog forecaster finds loyal customers in energy companies

Meteorologist Mark Chambers devotes much of his time to hurricanes, but on a winter day far removed from storm season, another weather phenomenon piqued his interest: fog.  More »

Company overcomes major obstacles to complete lengthy interstate drill

The 11,065-foot span is raising speculation that it was the longest horizontal length that ever has been drilled on land and under a river, one of the biggest obstacles Mother Nature can throw at a pipeline drill.  More »

Moody’s: Many US energy companies on investors’ hit list

Activist investors are getting impatient with oil producers who have redirected large investments from U.S. shale gas to liquid plays, building out projects that often take years to become profitable, according to Moody’s Investors Service.  More »

Transocean’s fourth-quarter profit drops

The company also announced Wednesday that it awarded contracts worth $1.2 billion for construction of two new ultradeep-water drillships.  More »

Noble leads offshore drillers lower amid rig slowdown

Noble Corp. led a decline among offshore deep-water drilling contractors after saying the industry may be experiencing a “pause in the cycle” after years of growth fueled by oil and natural gas discoveries.  More »

Transocean reaches $1.1 billion dividend accord with Icahn

Oil driller Transocean has agreed to a deal with billionaire investor Carl Icahn after a months-long proxy fight.  More »

Transocean profits on increased drilling contracts

Rig operator Transocean earned $546 million during the third quarter.  More »

Transocean engineer: BP abandoned well-capping plan with no explanation

Three years ago, Turlak had been part of a well control team assigned to work on a well-capping method that would place a blowout preventer on another blowout preventer, which Turlak said he regarded as a safe method.  More »

Brazil judge dismisses case against Chevron, Transocean

A federal court official in Rio de Janeiro Tuesday said that judge Raffaele Felice Pirro decided to dismiss the case on Friday after Chevron agreed to pay the equivalent of about $150 million in “compensatory activities.”  More »

Noble Corp. spinoff mirrors industry focus on new fleets

The Swiss offshore drilling contractor wants to improve the quality of its fleet by sending its aging assets to market next year and focusing on its newer, more advanced vessels. In the offshore contracting world, Noble is not alone.  More »

Halliburton pleads guilty to criminal charge in Gulf oil spill case

Nearly three-and-a-half years after a deadly rig explosion and massive oil spill in the Gulf of Mexico, the company that supplied the cement for the well that blew out pleaded guilty to a misdemeanor criminal charge in the case.  More »
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