Archive for March, 2015

Transocean Scrapping 4 Rigs, Spending Millions Due to Low Oil Prices

Houston-based Transocean just announced plans to scrap 4 of its rigs, specifically the Deepwater Expedition, Transocean Legend, Transocean Rather and GSF Arctic III. Until very recently, all 4 had been designated as “held for sale.” The move is expected to cost the company $300 million to $325 millionRead More

Jackup Rigs: How Can We Make Them Safer?

In an interview with David Forsyth, Chief Surveyor at the American Bureau of Shipping, John Mainwaring of Rigzone asked point-blank, “What does the industry need to do in order to improve jackup safety?”. In his response, Forsyth wasted no timeRead More

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