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

Diamond Offshore Stock Drops As Company Anticipates Loss of 6 Rig Contracts

Houston-based Diamond Offshore announced in a recent filing with the Securities and Exchange Commission (SEC) that it expects to lose six (6) rig contracts over the coming months. In its announcement, Diamond cited verbal notification of lease cancellations from three oil companies: Petrobras, Pemex andRead More

Coast Guard Rescues Fishing Boat Captain Following Head Injury near Venice, LA

On Monday, February 2nd, Coast Guard officials rescued a fishing boat captain near Venice, Louisiana following an early-morning head injury onboard the vessel. Details remain sketchy as to how the injury occurred but the investigation is ongoing. Watchstanders working in the Sector New Orleans Command Center received aRead More

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