Transocean's Drillship to be Used for Deep-Sea Mineral Exploration
in deepwater oil and gas exploration, added.“GSR has an excellent leasehold position, and we are excited to support its team in the effort to meet global demand for the critical minerals necessary for a lower carbon energy economy,” said Transocean’s Chief Executive Officer, Jeremy Thigpen. “A mixture of all energy sources will be required to meet future global energy demands. Transocean’s work in deep sea minerals is another way we will continue providing essential offshore energy services.”Critical metals, such as nickel, cobalt, copper, and manganese &ndash
Transocean to Buy Ocean Rig in $2.7 Bln Deal
to be about $70 million."The combination of constructive and stable oil prices over the last several quarters, streamlined offshore project costs, and undeniable reserve replacement challenges has driven a material increase in offshore contracting activity," said Transocean Chief Executive Jeremy Thigpen.Ocean Rig shares were up 11.7 percent at $30.24, after climbing roughly 13 percent, while Transocean's U.S.-listed shares fell 6.5 percent to $11.33 at mid-morning.Transocean earlier this year acquired Norwegian rig firm Songa Offshore in a $1.1 billion deal."We see strong contract opportunit
Transocean 4Q Revenue Up
the floater is expected to be placed into service in the second quarter of 2016. "I would like to thank the Transocean team for delivering very solid operating and financial results throughout an extremely challenging year for our industry," said President and Chief Executive Officer Jeremy Thigpen. "While predicting the timing of an industry recovery is nearly impossible, we take comfort in knowing that our strong liquidity, combined with our market-leading backlog, will sustain us through this downturn. Until that time, we will continue to take the necessary steps to keep our employees
Transocean Puts Off Deliveries of Two New Drillships
drillships, the Deepwater Thalassa and Deepwater Proteus, are not impacted by this agreement. "We are pleased that the strength of our relationships with both Shell and DSME has enabled us to reach this mutual agreement," said Transocean President and Chief Executive Officer Jeremy Thigpen. "We are excited by the progress that we have jointly made with Shell on all four high-specification, ultra-deepwater drillships, including the Deepwater Thalassa, which was delivered this September, and the Deepwater Proteus, which is scheduled for delivery this December."
February 2024
