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Transocean rigs clinch $1.3 billion in offshore drilling gigs

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Transocean has got hold of a new batch of contracts and extensions in the U.S. Gulf of Mexico, India, Norway, and Australia for six floaters, encompassing four drillships and two semi-submersible rigs. The post Transocean rigs clinch $1.3 billion in offshore drilling gigs appeared first on Offshore Energy.

More rig market consolidation on the cards as Transocean and Seadrill ponder merger

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A new merger may soon be visible on the rig market horizon, as the Switzerland-based offshore drilling contractor Transocean is now allegedly contemplating a business combination with its Bermuda-headquartered rival Seadrill. The post More rig market consolidation on the cards as Transocean and Seadrill ponder merger appeared first on Offshore Energy.

SBM Offshore sells partial stake in Brazilian FPSO to Chinese player

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SBM Offshore has offloaded a minority stake in a floating production, storage, and offloading (FPSO) vessel, which is working on Petrobras’ giant oil field in the Santos Basin off the coast of Brazil. The post SBM Offshore sells partial stake in Brazilian FPSO to Chinese player appeared first on Offshore Energy.

As Singapore FPSO builder’s directors back its bid, South Korean shipbuilder closing in on takeover deal

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The sweetened deal South Korea’s shipbuilder Hanwha Ocean made with an 11.67% rise in its final offer seems to have worked its magic, as the independent directors of Singapore-based offshore builder Dyna-Mac have recommended to shareholders to accept the cash offer. The post As Singapore FPSO builder’s directors back its bid, South Korean shipbuilder closing in on takeover deal appeared first on Offshore Energy.