Tag: transocean

Shell formally launches 2015 Arctic drilling bid

Shell’s campaign to resume Arctic drilling in 2015 took a major step forward Thursday, as the company gave federal regulators a broad drilling blueprint that lays out plans for boring new exploratory oil wells in the Chukchi Sea. It is the strongest evidence yet that the company will keep pursuing a big discovery in the U.S. Arctic, after a mishap-plagued 2012 exploration campaign ended with the grounding of a drilling rig and a $200 million writeoff.  More »

Transocean likely to tap former NOV CEO as chairman

Offshore drilling contractor Transocean Ltd. said this week that it will likely tap former National Oilwell Varco CEO Pete Miller to become its next board chairman.  More »

Statoil strikes out in well at center of Greenpeace standoff

Statoil ASA failed to find oil in the northernmost site ever drilled off Norway’s Arctic tip.  More »

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 »
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