Deepwater Millenium News


Trinidad and Tobago Put 26 Deepwater Oil and Gas Blocks on Offer

Jan 29, 2025

Trinidad and Tobago on Tuesday offered 26 offshore oil and gas blocks in its largest-ever auction of areas for deepwater exploration and production, according to an official notice.The twin-island Caribbean country, Latin America's largest exporter of liquefied natural gas (LNG)…

Shearwater Secures Deepwater OBN Survey in West Africa

Oct 31, 2024

Offshore seismic services specialist Shearwater Geoservices has secured a contract for a deepwater ocean bottom node (OBN) survey in West Africa.Starting in the fourth quarter of 2024, the one-month survey will be the first to use the SW Tasman’s…

Transocean Scoops $193M Ultra-Deepwater Drillship Deal

Oct 17, 2024

Offshore drilling contractor Transocean has secured a one-year contract for the Deepwater Conqueror drillship with an undisclosed operator in the U.S. Gulf of Mexico.The contract is expected to start in October 2025 and contribute approximately $193 million in backlog…

Transocean’s Deepwater Atlas Drillship Gets BP’s Gulf of Mexico Job

Sep 11, 2024

Offshore drilling contractor Transocean has secured a contract from BP for its Deepwater Atlas drillship, which will be put to work at U.S. Gulf of Mexico.The 365-day contract, valued at $232 million, also provides for a 365-day option. The program is expected to begin in the second quarter of 2028…

Transocean Scoops $123M Drillship Deal in India

Sep 04, 2024

Offshore drilling contractor Transocean has secured a $123 million contract with Reliance Industries for Dhirubhai Deepwater KG1 ultra-deepwater drillship.Transocean and Reliance Industries signed a binding letter of award for the Dhirubhai Deepwater KG1 for six wells offshore India…

BP Hires Transocean’s Ultra-Deepwater Drillship for Gulf of Mexico Ops

Aug 01, 2024

Offshore drilling contractor Transocean has secured a $531 million contract with BP for its ultra-deepwater drillship Deepwater Invictus.Under the 1,095-day contract, the Deepwater Invictus will be deployed in the U.S. Gulf of Mexico.The program is expected to being in the first quarter of 2025…

Transocean’s Deepwater Asgard on Extended Stay in US Gulf of Mexico

Jun 26, 2024

Offshore drilling contractor Transocean has secured another contract extension for its Deepwater Asgard drillship with Hess Corporation for work in the U.S. Gulf of Mexico.The $188 million contract extension is for one full year, Transocean said…

DNV's New Standard for Hybrid TCPs Set to Improve Deepwater Projects Reliability

May 08, 2024

DNV has released its latest standard, DNV-ST-F207 for hybrid thermoplastic composite flexible pipes (TCPs), which facilitates the integration of innovative technologies like carbon fiber armor into flexible riser designs to enhance efficiency and reliability for deepwater projects…

Big Oil Finds More to Love in Deepwater Exploration Fields

May 05, 2024

As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the spotlight.Offshore exploration had dimmed after the U…

Transocean’s Drillship to Stay in Gulf of Mexico Under $195M Contract Extension

Apr 02, 2024

Offshore drilling contractor Transocean has secured a contract extension for its Deepwater Asgard drillship with Hess Corporation for operations in the U.S. Gulf of Mexico.The 365-day contract extension for Deepwater Asgard is valued at $195 million…

Transocean Collects $326M in New Drilling Rig Deals

Feb 15, 2024

Offshore drilling contractor Transocean has secured contracts for three of its drilling rigs – semi-submersible Transocean Barents and drillships Deepwater Skyros and Deepwater Invictus – worth approximately $326 million.In its quarterly fleet status report…

Valaris Starts Drilling at Woodside’s Scarborough Field

Feb 06, 2024

Offshore drilling company Valaris has started drilling the first of eight gas development wells at Woodside’s Scarborough project offshore Australia.The 2012-built rig, VALARIS DPS-1, has been employed for the assignment. It’s of F&G ExD Millenium…

Transocean Posts $220M Q3 Loss. CEO Upbeat About 'Multi-Year' Offshore Drilling Industry Upcycle

Oct 31, 2023

Offshore drilling firm Transocean posted a net loss of $220 million for the third quarter of 2023, on revenues of $713 million.Net loss was higher compared to $165 million in the second quarter of 2023.Contract drilling revenues for the three months ended September 30…

BP, Shell Reach Agreement with Trinidad to Explore Deepwater Blocks

Sep 22, 2023

A BP Plc and Shell Plc consortium has reached an agreement with Trinidad and Tobago to explore three deepwater blocks for hydrocarbon production in the Caribbean country, Minister of Energy Stuart Young said on Thursday. The deal would help…

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