Posts filtered on Tag
U.S. oil companies may not be sidelining as many rigs at its big shale plays, but the fate of many deep-water machines around the world is far from certain.
Halliburton CEO Dave Lesar said the agreement closes out another chapter in the Gulf of Mexico saga for the oil field service company and restores its relationship with BP, one of its customers.
Offshore driller Transocean has idled three more deep-water rigs, bringing its number of out-of-work units to 14, it said Monday, as the oil slump continued to hammer the drilling market.
U.S. District Court Judge Sharon Gleason on Friday also prohibited Greenpeace from flying unmanned vehicles over the offshore Arctic area where Shell plans to drill.
Transocean, owner of the largest fleet of offshore drilling rigs, named Jeremy Thigpen as its newest chief executive officer after Steven Newman stepped down in February.
The drillship, called the Deepwater Asgard, will work in the Mississippi Canyon under a two-year contract with Transocean, a Swiss rig contractor
The Swiss driller said it’ll take a non-cash charge up to $110 million in the first quarter.
The firm, which has its main U.S. offices in Houston, said Wednesday that scrapping the four rigs “in an environmentally responsible manner” will cost it $300 million to $325 million in non-cash charges during the first quarter.
In a dispute over Deepwater Horizon documents, the International Association of Drilling Contractors has warned that a court ruling in favor of the Chemical Safety Board would upset decades of precedent governing the offshore oil sector.
Transocean reported a loss in the fourth quarter as it took a $992 million goodwill impairment charge on the sinking value of its drilling business and other charges, it said late Wednesday.