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…
Offshore drilling contractor Transocean said Wednesday that the world’s first subsea 20,000 psi blowout preventer (BOP) had been successfully deployed from its Deepwater Titan drillship.The 20K BOP stack, supplied by NOV, is designed for use…
Offshore drilling contractor Transocean said its new eighth-generation drillship Deepwater Titan has started its inaugural contract with supermajor Chevron in the U.S. Gulf of Mexico.Built by Singapore's Sembcorp Marine and delivered to Transocean subsidiary Triton Titan GmBH in December 2022…
Offshore drilling is making a comeback after several challenging years, and Transocean, a major deepwater drilling contractor, expects to see a multi-year upcycle in the offshore drilling industry.'Looking back, 2022 will be remembered as a pivotal year in Transocean’s history…
Offshore drilling company Transocean is looking to raise $500 million through a private offering of senior secured notes due in 2028. The offshore drilling contractor said Monday that its subsidiary, Transocean Titan Financing Limited (“Transocean Titan”)…
Singapore-based shipbuilder Sembcorp Marine has delivered Deepwater Titan, the world’s second 8th-generation drillship, to Transocean subsidiary Triton Titan GmBH.Deepwater Titan is the second of two new 8th-generation drillships constructed…
Marijana Sosic, Manager, Technical Marketing at Transocean, discusses some of the outstanding features of the Deepwater Atlas – Built in Singapore at Sembcorp Marine's Jurong Shipyard and flying the Marshall Islands flag – and sister-ship Deepwater Titan…
Offshore drilling company Transocean said Thursday that its Deepwater Atlas, the world's first 8th generation drillship, had started its first contract.The offshore drilling rig, delivered by Singapore's Sembcorp Marine in June, is under a contract with Beacon Offshore Energy in the U…
Singapore-based shipbuilder Sembcorp Marine has delivered the world's first 8th generation drillship, the Deepwater Atlas, to its owner Transocean.The Deepwater Atlas is the first of two ultra-deepwater drillships based on the Sembcorp Marine's Jurong Espadon 3T design…
Deepwater Atlas, the world's first 8th generation drillship, was recently named at a ceremony in Singapore. The news of the naming ceremony, held late in April, was shared by Transocean, a drilling contractor that owns the vessel, via social media this week…
Offshore drilling contractor Transocean has said this week that its eighth-generation Deepwater Titan drillship has completed drydocking in Singapore.The Deepwater Titan is Transocean's first 20,000 psi ultra-deepwater drillship, and will, once delivered…
Offshore drilling contractor Transocean expects rig dayrates to keep growing, boosted by high oil prices and growing demand, the company's CEO said Tuesday, as the company posted its fourth-quarter results.Transocean CEO Jeremy Thigpen said: 'As we move into 2022…
Offshore drilling company Transocean on Tuesday posted a third-quarter loss, but the CEO Jeremy Tighpen praised fleet performance, improving market conditions, and rising dayrates.Swiss-based drilling contractor posted a third-quarter net loss of $130 million…
Deepwater drilling contractor Transocean has secured a $252 million firm contract at the Shenandoah field in the U.S. Gulf of Mexico for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million…
Offshore drilling company Transocean has reached a deal with Singapore-based Jurong Shipyard - a Sembcorp Marine subsidiary - to delay the delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater Titan, originally ordered in 2014…
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