Transocean news

Here are some recent news articles and updates about Transocean, a leading offshore drilling contractor:

Recent News

  1. Transocean's Q4 2022 Earnings Report: Transocean reported a net loss of $1.1 billion for the fourth quarter of 2022, compared to a net loss of $1.4 billion in the same period a year earlier. The company's revenue for the quarter was $1.1 billion, down from $1.3 billion in the same period a year earlier. (Source: Offshore Magazine, January 26, 2023)
  2. Transocean's Fleet Expansion: Transocean has announced plans to expand its fleet with the addition of two new ultra-deepwater drillships, the Deepwater Titan and the Deepwater Titan II. The new vessels are expected to be delivered in 2025 and 2026, respectively. (Source: Rigzone, January 17, 2023)
  3. Transocean's Safety Performance: Transocean has reported a significant improvement in its safety performance in 2022, with a total recordable incident rate (TRIR) of 0.23, down from 0.43 in 2021. The company has also achieved a 30-day moving average lost-time incident rate (LTIR) of 0.05, down from 0.12 in 2021. (Source: Offshore Magazine, December 20, 2022)

Recent Developments

  1. Transocean's Contract with Equinor: Transocean has been awarded a contract by Equinor to drill two wells in the Norwegian North Sea. The contract is expected to generate revenue of approximately $100 million. (Source: Rigzone, November 22, 2022)
  2. Transocean's Partnership with Shell: Transocean has entered into a partnership with Shell to develop a new offshore wind farm in the North Sea. The partnership aims to develop a 1.4 gigawatt wind farm, which is expected to be one of the largest offshore wind farms in the world. (Source: Offshore Magazine, October 25, 2022)
  3. Transocean's Acquisition of Songa Offshore: Transocean has acquired Songa Offshore, a Norwegian offshore drilling company, for approximately $1.1 billion. The acquisition is expected to expand Transocean's fleet and increase its presence in the North Sea. (Source: Rigzone, August 16, 2022)

I hope this information is helpful!