Transocean is taking a US$1.4 billion impairment in Q3 2017 following the drilling contractor’s decision to scrap five ultra deepwater floaters, and one deepwater rig. The Sedco Express ultra deepwater floater will be scrapped…
Major offshore drilling contractor Transocean has moved to purchase Cyprus-headquartered Songa Offshore in a US$3.4 billion deal, the two companies announced today (15 August). Transocean expects the merger to close in Q4 2017. The Songa Endurance…
Keppel FELS and Borr Drilling have agreed on construction contracts for the five jackup rigs currently being built by Keppel for Transocean, following this week’s earlier announcement of Transocean’s jackup fleet sale to Borr. Image from Transocean…
A Norwegian newcomer with ties to Seadrill, Borr Drilling, is set to acquire Transocean’s entire jackup fleet, including newbuilds, in a US$1.35 billion deal. The Constellation II jackup. Image from Transocean…
The Transocean Winner has been loaded onto the Hawk semisubmersible heavy lift ship, and is preparing for its journey to Turkey, according to the UK’s Maritime & Coastguard Agency (MCA). The Transocean Winner…
UK authorities are hopeful that they may finally have a weather window to move the Transocean Winner semisubmersible rig. With just days to go before the heavy transport vessel due to move it is due to come off contract, contingencies are already being assessed…
India’s Reliance Industries has elected to terminate its contract with Transocean for the Discoverer India ultra deepwater drillship at the end of the year. The rig provider announced Reliance’s exercise to its contractual option to terminate the effective December 2016…
Transocean has won a contract for the Transocean Barents harsh environment, ultra deepwater floater with Suncor Energy, offshore Canada. The 15-month contract has been set at a dayrate of US$260,000. The estimated contract backlog, excluding mobilization is $119 million…
A containment boom deployment training exercise ahead of moving a rig which had grounded on the Scottish coast has been postponed for at least two days due to windy weather, according to the UK's Maritime and Coastguard Agency (MCA). The…
Norwegian firm Offshore Heavy Transport (OHT) has been contracted to transport the Transocean Winner drilling rig to Turkey using a semisubmersible heavy lift vessel. It is expected that the rig will be floated onto the semisubmersible heavy lift vessel OHT HAWK…
Preparations are being made for the Transocean Winner to be transported as ‘dry cargo’ to Turkey, according to the Maritime & Coastguard Agency (MCA). Although contracts are still to be finalized, planning is under way for the rig, which is currently in Broad Bay in the Isle of Lewis…
Transocean's Transocean Winner semisubmersible drilling rig, which ran aground on a Scottish Island more than two weeks ago, is now under tow to safer waters. The rig was refloated from Dalmore Bay, on west coast of the Isle of Lewis…
At 10pm last night (Monday 22 August) the Transocean Winner drilling rig was successfully refloated from Dalmore Bay, on the Isle of Lewis, off the west of Scotland, where it had grounded just over two weeks ago. Following its refloat…
A semisubmersible drilling rig grounded off Scotland weeks ago could be floated off at high water tonight. Update here If the operation in Dalmore Bay, on the east coast of the Isle of Lewis, is a success, the Transocean Winner will be towed using two tugs to Broad Bay…
A team of eight salvors have finally made it aboard the stricken semisubmersible drilling rig, which grounded off the Isle of Lewis, off Scotland, a week ago today. The rig grounded early last Monday morning after parting from the tug…
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