Offshore drilling

Offshore Drilling Market 2020-2024|Rise in Investments in Deepwater and Ultra-deepwater E&P Activities to Boost Growth | Technavio

Retrieved on: 
Wednesday, March 11, 2020
Energy, Other Energy, Oil, Gas, Companies, Oil companies, Petroleum industry, Petroleum production, Offshore drilling, BP, ExxonMobil, Qatargas, Structural engineering, Oil platform

Our offshore drilling market report covers the following areas:

Key Points: 
  • Our offshore drilling market report covers the following areas:
    This study identifies declining costs of offshore projects as one of the prime reasons driving the offshore drilling market growth during the next few years.
  • We provide a detailed analysis of around 25 vendors operating in the offshore drilling market, including some of the vendors such as BP, Chevron, Exxon Mobil, Qatargas Operating Company and Royal Dutch Shell.
  • Backed with competitive intelligence and benchmarking, our research reports on the offshore drilling market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
  • Register for a free trial today and gain instant access to 17,000+ market research reports.

Vantage Drilling International Reports Fourth Quarter and Full-Year 2019 Results

Retrieved on: 
Thursday, March 5, 2020
Petroleum production, Offshore engineering, Offshore drilling, Drillship, Articles, Construction, Technology, Transocean, Noble Corporation, Seadrill

The Company generated $535.6 million in cash from operations, including cash collected in the Petrobras settlement in 2019 compared to $12.8 million generated in 2018.

Key Points: 
  • The Company generated $535.6 million in cash from operations, including cash collected in the Petrobras settlement in 2019 compared to $12.8 million generated in 2018.
  • During the three months ended December 31, 2019, the Company made a special cash distribution of $525.0 million to shareholders.
  • Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of three ultra-deepwater drillships and five premium jackup drilling rigs.
  • Vantage also provides construction supervision services and preservation management services for, and will operate and manage, drilling units owned by others.

Aquarium Report on Decommissioning Offshore Oil Rigs Examines Sustainable Options to Protect Marine Life

Retrieved on: 
Wednesday, March 4, 2020
Oil, Gas, State, Local, Energy, Other Communications, Other Policy Issues, Communications, Other Natural Resources, Environment, Public policy, Government, Maritime, Natural Resources, Transport, Science, Other Science, Research, Petroleum production, Offshore drilling

The Aquarium of the Pacific has released a report on decommissioning offshore oil rigs in California.

Key Points: 
  • The Aquarium of the Pacific has released a report on decommissioning offshore oil rigs in California.
  • Forum participants included representatives from federal and state agencies responsible for the decommissioning process, industry experts, and academic scientists.
  • They discussed the current status of oil rigs off Californias coast, existing regulations regarding decommissioning, and what actions are needed to create a path toward more sustainable options.
  • California is faced with a singular opportunity as its twenty-seven offshore oil rigs reach the ends of their production lifetimes.

Teekay Offshore Partners Announces Changes to its Preferred Unit Ticker Symbols

Retrieved on: 
Monday, March 2, 2020
Petroleum industry, Petroleum production, Energy, Natural gas, Teekay, Offshore engineering, Floating production storage and offloading, Offshore drilling, Offshore

PEMBROKE, Bermuda, March 02, 2020 (GLOBE NEWSWIRE) -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) announced that, in addition to changing its name to Altera Infrastructure L.P. effective March 24, 2020, its preferred units, which currently trade on the New York Stock Exchange (NYSE) under the ticker symbols TOO PR A, TOO PR B and TOO PR E, respectively, will, effective March 24, 2020, trade on NYSE under the new ticker symbols ALIN PR A, ALIN PR B and ALIN PR E.

Key Points: 
  • PEMBROKE, Bermuda, March 02, 2020 (GLOBE NEWSWIRE) -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) announced that, in addition to changing its name to Altera Infrastructure L.P. effective March 24, 2020, its preferred units, which currently trade on the New York Stock Exchange (NYSE) under the ticker symbols TOO PR A, TOO PR B and TOO PR E, respectively, will, effective March 24, 2020, trade on NYSE under the new ticker symbols ALIN PR A, ALIN PR B and ALIN PR E.
    About Teekay Offshore Partners L.P.
    Teekay Offshore Partners L.P. is a leading international midstream services provider to the offshore oil production industry, primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada.
  • Teekay Offshore has consolidated assets of approximately $5.2 billion, comprised of 56 offshore assets, including floating production, storage and offloading units, shuttle tankers (including six new buildings), floating storage and offtake units, long-distance towing and offshore installation vessels, and a unit for maintenance and safety.
  • The majority of Teekay Offshores fleet is employed on medium-term, stable contracts.
  • For Investor Relations enquires contact:

Vantage Drilling International Schedules Fourth Quarter and Full Year 2019 Earnings Release Date and Conference Call

Retrieved on: 
Thursday, February 20, 2020
Petroleum production, Technology, Petroleum industry, Offshore engineering, Articles, Petroleum geology, Drillship, Offshore drilling, Drilling rig, Oil well, Jackup rig

HOUSTON, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Vantage Drilling International ("Vantage" or the "Company") announced today that it will host a conference call at 10:00 AM Eastern Time on March 5, 2020 to discuss operating results for the fourth quarter and full year of 2019.Vantage will release earnings before the market opens on March 5, 2020.Vantage's earnings release will be posted to the Vantage website at www.vantagedrilling.com .

Key Points: 
  • HOUSTON, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Vantage Drilling International ("Vantage" or the "Company") announced today that it will host a conference call at 10:00 AM Eastern Time on March 5, 2020 to discuss operating results for the fourth quarter and full year of 2019.Vantage will release earnings before the market opens on March 5, 2020.Vantage's earnings release will be posted to the Vantage website at www.vantagedrilling.com .
  • Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of three ultra-deepwater drillships and five premium jackup drilling rigs.
  • Vantage's primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells globally for major, national and large independent oil and natural gas companies.
  • Vantage also provides construction supervision services for, and will operate and manage, drilling units owned by others.

Teekay Offshore Partners Announces Fourth Quarter 2019 Earnings Results Conference Call

Retrieved on: 
Monday, February 3, 2020
Petroleum industry, Petroleum production, Ships, Shipping companies, Teekay, Floating production storage and offloading, Offshore drilling, Teekay Petrojarl, BW Offshore

Accompanying Fourth Quarter 2019 Earnings Presentation will also be available at www.teekayoffshore.com in advance of the conference call start time.

Key Points: 
  • Accompanying Fourth Quarter 2019 Earnings Presentation will also be available at www.teekayoffshore.com in advance of the conference call start time.
  • Teekay Offshore Partners L.P. is a leading international midstream services provider to the offshore oil production industry, primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada.
  • Teekay Offshore has consolidated assets of approximately $4.9 billion, comprised of 56 offshore assets, including floating production, storage and offloading (FPSO) units, shuttle tankers (including six newbuildings), floating storage and offtake (FSO) units, long-distance towing and offshore installation vessels, and a unit for maintenance and safety (UMS).
  • Brookfield privately owns Teekay Offshore.

Diamond Offshore to Release Fourth Quarter 2019 Results on February 10

Retrieved on: 
Wednesday, January 22, 2020
Petroleum production, Offshore drilling, Diamond Offshore Drilling, Geotechnical engineering, Petroleum industry, Deepwater Horizon oil spill, Transocean, Technology

HOUSTON, Jan. 22, 2020 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will issue a press release and host a conference call and webcast related to its fourth quarter 2019 operating results on Monday, February 10, 2020.

Key Points: 
  • HOUSTON, Jan. 22, 2020 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will issue a press release and host a conference call and webcast related to its fourth quarter 2019 operating results on Monday, February 10, 2020.
  • The conference call and webcast will begin at 8:00 a.m. CST and will include a discussion by management regarding the Company's results of operation.
  • The news release and a live webcast of the conference call will be available online at the Company's website, www.diamondoffshore.com .
  • Diamond Offshore is a leader in offshore drilling, providing innovation, thought leadership and contract drilling services to solve complex deepwater challenges around the globe.

Teekay Offshore Partners Declares Distributions on Series A, B and E Preferred Units

Retrieved on: 
Tuesday, January 21, 2020
Petroleum production, Petroleum industry, Offshore engineering, Energy, Teekay, Floating production storage and offloading, Offshore drilling, Teekay Petrojarl

Teekay Offshores cash distributions are reported on Form 1099 for United States tax purposes.

Key Points: 
  • Teekay Offshores cash distributions are reported on Form 1099 for United States tax purposes.
  • Teekay Offshore Partners L.P. is a leading international midstream services provider to the offshore oil production industry, primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada.
  • Teekay Offshore has consolidated assets of approximately $5.2 billion, comprised of 56 offshore assets, including floating production, storage and offloading (FPSO) units, shuttle tankers (including six newbuildings), floating storage and offtake (FSO) units, long-distance towing and offshore installation vessels, and a unit for maintenance and safety (UMS).
  • Teekay Offshore's common units and preferred units trade on the New York Stock Exchange under the symbols "TOO", "TOO PR A", "TOO PR B" and TOO PR E, respectively.

Transocean Ltd. Announces $352.9 Million in New Rig Contracts, Options Exercised By Customers

Retrieved on: 
Wednesday, January 8, 2020
Transocean, Ships, Drillship, Construction, Technology, Floater, Offshore drilling

Transocean owns or has partial ownership interests in, and operates a fleet of 45 mobile offshore drilling units consisting of 28 ultra-deepwater floaters, 14 harsh environment floaters and three midwater floaters.

Key Points: 
  • Transocean owns or has partial ownership interests in, and operates a fleet of 45 mobile offshore drilling units consisting of 28 ultra-deepwater floaters, 14 harsh environment floaters and three midwater floaters.
  • In addition, Transocean is constructing two ultra-deepwater drillships.
  • Investors must rely on their own evaluation of Transocean and its securities, including the merits and risks involved.
  • Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of Transocean.

Vantage Drilling International Announces Notes Conversion and Special Cash Dividend

Retrieved on: 
Tuesday, November 19, 2019
Petroleum production, Petroleum industry, Offshore engineering, Drillship, Offshore drilling, Articles, Deepwater drilling, Construction, Transocean, Oil platforms

HOUSTON, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Vantage Drilling International (Vantage or the Company) announced today that its board of directors authorized and directed the conversion of all of the Companys currently outstanding 1%/12% Step-Up Senior Secured Third Lien Convertible Notes (the Notes) into ordinary shares of the Company (the Conversion).

Key Points: 
  • HOUSTON, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Vantage Drilling International (Vantage or the Company) announced today that its board of directors authorized and directed the conversion of all of the Companys currently outstanding 1%/12% Step-Up Senior Secured Third Lien Convertible Notes (the Notes) into ordinary shares of the Company (the Conversion).
  • As of the date hereof, the conversion rate is approximately 0.01046, which equates to one ordinary share per $95.60 principal amount of the Notes.
  • In addition, the Company announced that on November 15, 2018, Vantage Deepwater Company and Vantage Deepwater Drilling, Inc. purchased a Specific Litigation Insurance Policy (the Policy).
  • Vantage Drilling International, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of three ultra-deepwater drillships and five premium jackup drilling rigs.