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2014-05-07 18:05:00

TRANSOCEAN: 8 DRILLING RIGS

TRANSOCEAN: 8 DRILLING RIGS

Transocean Ltd. plans to spin off eight drilling rigs in the UK's North Sea into a separate company, it said in a regulatory filing Monday.

The rigs, which entered service in the 1970s and '80s, will form a new entity called Caledonia Offshore Drilling Co. later this year.

Transocean said the UK's North Sea remains an important market for it and that it is committed to maintaining its presence in the region. The company is considering various options for the separation, it said in the filing, and the Caledonia entity is expected to have a focused approach to assets and operations in the UK's North Sea.

Transocean said the separation is part of a strategy that includes divesting noncore assets.

wsj.com

Tags: TRANSOCEAN, DRILLING, RIG
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TRANSOCEAN: 8 DRILLING RIGS October, 15, 12:25:00

BAD BOYS: IMF & WBG

TRANSOCEAN: 8 DRILLING RIGS October, 15, 12:20:00

U.S. - CHINA NUCLEAR POLICY

TRANSOCEAN: 8 DRILLING RIGS October, 15, 12:15:00

U.S. - CHINA NUCLEAR SANCTIONS

TRANSOCEAN: 8 DRILLING RIGS October, 15, 12:10:00

IRAN SANCTIONS DOWN

TRANSOCEAN: 8 DRILLING RIGS October, 15, 12:05:00

IRAN - S.KOREA OIL DOWN ANEW

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Chronicle:

TRANSOCEAN: 8 DRILLING RIGS
2018, October, 15, 12:01:00

GAZPROM - SHELL: BALTIC LNG

GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).

TRANSOCEAN: 8 DRILLING RIGS
2018, October, 15, 12:00:00

U.S. RIGS UP 11 TO 1,063

BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.

TRANSOCEAN: 8 DRILLING RIGS
2018, October, 12, 11:40:00

OIL PRICE: NEAR $81

REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.

TRANSOCEAN: 8 DRILLING RIGS
2018, October, 12, 11:35:00

OIL PRICES 2018 - 19: $74 - $75

EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.

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