Transocean

Transocean Ltd. Announces $195 Million Ultra-Deepwater Drillship Contract

Retrieved on: 
Monday, April 1, 2024
Transocean

STEINHAUSEN, Switzerland, April 01, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico.

Key Points: 
  • STEINHAUSEN, Switzerland, April 01, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico.
  • The program is expected to commence in June 2024 in direct continuation of the rig’s current program and includes additional services.
  • The total contract value of approximately $195 million includes a $10.9 million lump sum payment, which is not included in the estimated backlog of approximately $184 million.

Europe's Secret Weapon In Its Energy War With Russia

Retrieved on: 
Tuesday, March 12, 2024
Kurdistan Region, Electricity, Mobil, Climate change, Natural gas, Specialization, Schlumberger, Enbridge, Nitrogen, Natural Resources, Transocean, Halliburton, SLB, AI, CCS, Wind, Carbon, Eye, Big data, MCF, Investment, Hydrocarbon, European, GLNG, Helium, ENB, CCUS, Coal, Machine learning, Golar LNG

While Germany has struggled strategically and politically in its effort to balance its climate change goals with its energy security needs, Austria has not only refrained from turning off the Russian gas taps—opting for a gradual approach--but it's also recently made the country's largest natural gas discovery in 40 years. 

Key Points: 
  • These shallow wells, cheap to drill, from proven, previously drilled holes could translate into quick cash flow for MCF Energy.
  • MCF Energy has adopted a laser focus on Europe's energy security requirements, which is most significantly emphasized by Germany, the largest economy of the European Union.
  • MCF Energy ( MCF.V ; MCFNF.QX ) believes the answer is found in domestic natural gas, the increasingly accepted bridge fuel for a green energy transition.
  • In Europe, where the energy landscape is rapidly evolving, Halliburton's contributions to oil and gas exploration and production are invaluable.

Europe's Secret Weapon In Its Energy War With Russia

Retrieved on: 
Tuesday, March 12, 2024
Kurdistan Region, Electricity, Mobil, Climate change, Natural gas, Specialization, Schlumberger, Enbridge, Nitrogen, Natural Resources, Transocean, Halliburton, SLB, AI, CCS, Wind, Carbon, Eye, Big data, MCF, Investment, Hydrocarbon, European, GLNG, Helium, ENB, CCUS, Coal, Machine learning, Golar LNG

While Germany has struggled strategically and politically in its effort to balance its climate change goals with its energy security needs, Austria has not only refrained from turning off the Russian gas taps—opting for a gradual approach--but it's also recently made the country's largest natural gas discovery in 40 years. 

Key Points: 
  • These shallow wells, cheap to drill, from proven, previously drilled holes could translate into quick cash flow for MCF Energy.
  • MCF Energy has adopted a laser focus on Europe's energy security requirements, which is most significantly emphasized by Germany, the largest economy of the European Union.
  • MCF Energy ( MCF.V ; MCFNF.QX ) believes the answer is found in domestic natural gas, the increasingly accepted bridge fuel for a green energy transition.
  • In Europe, where the energy landscape is rapidly evolving, Halliburton's contributions to oil and gas exploration and production are invaluable.

Transocean Ltd. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, February 19, 2024
Titan, Retirement, Transocean, Tax rate, Safety, Public expenditure, Bank statement, Bank

After consideration of these net unfavorable items, fourth quarter 2023 adjusted net loss was $74 million, $0.09 per diluted share.

Key Points: 
  • After consideration of these net unfavorable items, fourth quarter 2023 adjusted net loss was $74 million, $0.09 per diluted share.
  • This was partially offset by lower revenue generated by two rigs that were idle and two rigs that were undergoing contract preparation during the fourth quarter.
  • Cash provided by operating activities was $98 million during the fourth quarter of 2023, representing an increase of $142 million compared to the prior quarter.
  • Fourth quarter 2023 capital expenditures of $220 million were primarily associated with the newbuild ultra-deepwater drillship Deepwater Aquila.

Europe's $800 Billion Energy Crisis Sparks Investment Frenzy

Retrieved on: 
Monday, March 4, 2024
Venus, Transocean, Acquisition, Golar LNG, TotalEnergies, QatarEnergy, Natural gas, ENB, SLB, Schlumberger, Mobil, MCF, Letter, Climate change, Element, History, JV, Electricity, Halliburton, McKinsey & Company, Hydrocarbon, Renewable energy

LONDON, March 4, 2024 /PRNewswire/ -- The energy crisis that engulfed Europe after Western sanctions punished Russia's invasion of Ukraine cost the continent hundreds of billions of dollars. Now, the Middle East crisis and the Houthi war on the Red Sea could threaten future energy supplies.  Companies mentioned in this release include: TotalEnergies, MCF Energy, Halliburton Company (NYSE:HAL), Schlumberger Limited (NYSE:SLB), Enbridge Inc. (NYSE:ENB), Golar LNG Limited (NASDAQ:GLNG), Transocean Ltd (NYSE:RIG).

Key Points: 
  • Now, the Middle East crisis and the Houthi war on the Red Sea could threaten future energy supplies.
  • In early February, Germany earmarked $16 billion for the construction of four natural gas power plants to complement a renewable energy expansion push.
  • #2 MCF Energy ( MCF .V; MCFNF .QX)
    Small-cap MCF Energy, backed by veteran explorer and producer, Ford Nicholson, is convinced that this is the right atmosphere in which to foster European energy security through domestic natural gas production.
  • Thanks to its 100% acquisition of German Genexco last year, MCF Energy is now ready to drill down for some much-needed domestic energy resources for Germany.

Europe's $800 Billion Energy Crisis Sparks Investment Frenzy

Retrieved on: 
Monday, March 4, 2024
Venus, Transocean, Acquisition, Golar LNG, TotalEnergies, QatarEnergy, Natural gas, ENB, SLB, Schlumberger, Mobil, MCF, Letter, Climate change, Element, History, JV, Electricity, Halliburton, McKinsey & Company, Hydrocarbon, Renewable energy

LONDON, March 4, 2024 /PRNewswire/ -- The energy crisis that engulfed Europe after Western sanctions punished Russia's invasion of Ukraine cost the continent hundreds of billions of dollars. Now, the Middle East crisis and the Houthi war on the Red Sea could threaten future energy supplies.  Companies mentioned in this release include: TotalEnergies, MCF Energy, Halliburton Company (NYSE:HAL), Schlumberger Limited (NYSE:SLB), Enbridge Inc. (NYSE:ENB), Golar LNG Limited (NASDAQ:GLNG), Transocean Ltd (NYSE:RIG).

Key Points: 
  • Now, the Middle East crisis and the Houthi war on the Red Sea could threaten future energy supplies.
  • In early February, Germany earmarked $16 billion for the construction of four natural gas power plants to complement a renewable energy expansion push.
  • #2 MCF Energy ( MCF .V; MCFNF .QX)
    Small-cap MCF Energy, backed by veteran explorer and producer, Ford Nicholson, is convinced that this is the right atmosphere in which to foster European energy security through domestic natural gas production.
  • Thanks to its 100% acquisition of German Genexco last year, MCF Energy is now ready to drill down for some much-needed domestic energy resources for Germany.

Transocean Ltd. Provides Quarterly Fleet Status Report

Retrieved on: 
Wednesday, February 14, 2024
Invictus, Transocean

STEINHAUSEN, Switzerland, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

Key Points: 
  • STEINHAUSEN, Switzerland, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.
  • This quarter’s report includes the following updates:
    Transocean Barents – Awarded a minimum 540-day contract in the Romanian Black Sea at a rate of $465,000.
  • Deepwater Skyros – Awarded a three-well extension in Angola at a rate of $400,000.
  • The report can be accessed on the company’s website: www.deepwater.com .

Transocean Ltd. Announces Fourth Quarter, Full Year 2023 Earnings Release Date

Retrieved on: 
Tuesday, February 6, 2024
EST, Webcast, Transocean

STEINHAUSEN, Switzerland, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the fourth quarter and full year 2023 on Monday, February 19, 2024.

Key Points: 
  • STEINHAUSEN, Switzerland, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the fourth quarter and full year 2023 on Monday, February 19, 2024.
  • The company will conduct a teleconference to discuss the results starting at 9 a.m. EST, 3 p.m. CET, on Tuesday, February 20, 2024.
  • Individuals who wish to participate should dial +1 785-424-1226 and refer to conference code 932678 approximately 15 minutes prior to the scheduled start time.
  • A replay of the conference call will be available after 12 p.m. EST, 6 p.m. CET, on February 20, 2024.

DHT Holdings, Inc. announces appointment of Ms. Ana Zambelli to the Board of Directors

Retrieved on: 
Thursday, February 1, 2024
Petrobras, Maersk Drilling, DHT, Transocean, Heriot-Watt University, Columbia University, Equity (finance), IBP, Management

HAMILTON, BERMUDA, February 1, 2024 – DHT Holdings, Inc. (NYSE:DHT) (the “Company”) today announced the appointment of Ms. Ana Zambelli to the Board of Directors, effective February 1, 2024.

Key Points: 
  • HAMILTON, BERMUDA, February 1, 2024 – DHT Holdings, Inc. (NYSE:DHT) (the “Company”) today announced the appointment of Ms. Ana Zambelli to the Board of Directors, effective February 1, 2024.
  • Ms. Ana Zambelli brings significant experience with more than 20 years in the energy sector in operational, commercial and finance roles.
  • Currently Ms. Zambelli serves as an independent board member for Seadrill, Galp and BW Energy.
  • Ms. Ana Zambelli graduated in mechanical engineering from the Federal University of Rio de Janeiro, and she holds a master’s degree in petroleum engineering from Heriot Watt University in the UK.

Transocean Ltd. Announces $251 Million Harsh Environment Semisubmersible Contract

Retrieved on: 
Tuesday, December 12, 2023
Transocean, Petrom

STEINHAUSEN, Switzerland, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a minimum 540-day contract for the Transocean Barents with OMV Petrom S.A. in the Romanian Black Sea at a rate of $465,000 per day, excluding additional services.

Key Points: 
  • STEINHAUSEN, Switzerland, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a minimum 540-day contract for the Transocean Barents with OMV Petrom S.A. in the Romanian Black Sea at a rate of $465,000 per day, excluding additional services.
  • The program is expected to commence in the first quarter of 2025 and is estimated to contribute approximately $251 million in backlog, excluding full compensation for mobilization and a demobilization fee.
  • For each day over 540 days, including the two option periods, the operating dayrate will be $480,000.