ombugge
September 11, 2023, 4:09pm
102
Once upon a time a giant in the Offshore Construction business, McDermott has fallen on hard times:
Houston-based offshore contractor McDermott has reached an agreement with its creditors and stakeholders on a restructuring plan that will push out debt maturities and deliver a new cash injection. The company has secured backing from most of its key...
Estimated reading time: 2 minutes
Together with Brown & Root, CB&I, Bechtel, Ingram and SantaFe they were the leader in the field for many years. But they were too slow to modernize from the old barges to modern construction vessel, like the one in the picture.
1 Like
ombugge
September 20, 2023, 9:46pm
103
Reducing GHG emission from FPSOs will make for âcleanerâ oil production:
PS> Some Norwegian Offshore platforms are already receiving hydro power from shore, or power from floating wind farms close to the fields, for the same reason.
ombugge
September 22, 2023, 7:51pm
104
McDermott is looking in better shape:
Houston-based subsea and deepwater engineering and construction player McDermott has won a contract from PRIO, formerly PetroRio, for work on the Wahoo field, offshore Brazil. The deal covers the transportation and installation of around 30 km of...
Estimated reading time: 1 minute
Modern equipment and technology helps.
ombugge
September 30, 2023, 2:51pm
105
Another irresponsible foreign company has been polluting pristine US Gulf waters:
The US Environmental Protection Agency (EPA) has resolved a dispute with Switzerland-headquartered Transocean for alleged violations of the National Pollutant Discharge Elimination System (NPDES) in the Gulf of Mexico and the federal Clean Water Act...
Estimated reading time: 2 minutes
Hilarious. Transocean still claims to be in Switzerland? Maybe their P.O. box.
ombugge
September 30, 2023, 6:50pm
107
Yes they are legally a Swiss company since 2008 and listed on the Swiss stock exchange since 2010:
Embattled oil drilling contractor Transocean hopes to boost its standing in Switzerland by joining an elite list of Swiss stock market listed firms later this month. The company, which has been embroiled in the recent Gulf of Mexico oil spill, will...
https://investor.deepwater.com/node/19256/html
They apparently share their address with a few other companies. ( American and others):https://www.4towers.ch/home.html
I know. I remember when a US news crew went to the âofficeâ years ago and the only one there was a cleaning lady who had not seen anyone. Perhaps they have actual people there now.
While officially headquartered in Zug, Switzerland for tax purposes, Transocean (NYSE: RIG), the worldâs largest deepwater drilling contractor, runs the majority of itâs operations from Houston, Texas. A surprise visit by...
Est. reading time: 3 minutes
ombugge
October 1, 2023, 11:47am
109
You mean they didnât stay long?:
Or are they still living happily in Geneva and the office in Zug is only for show (AKA." legal reasons")??:https://wider-sa.ch/index.php/en/product-space/furniture-and-lightning/300-transocean-geneva
ombugge
October 10, 2023, 2:14pm
112
Australian Offshore is busy:
Swedenâs Viking Supply Ships has signed a contract for one of its anchor-handling tug supply (AHTS) vessels for operations outside Australia. Viking Supply Ships said that it won a deal for the anchor handler â soon to be named Andreas Viking. The...
Estimated reading time: 1 minute
ombugge
October 13, 2023, 9:57pm
114
ombugge
October 15, 2023, 10:31pm
115
VERY close to the line between Timor Leste and Australia EEZs:
The producing Bayu - Undan Field is situated inside Timor Leste EEZ, but operated from Australia.
ombugge
November 8, 2023, 1:47pm
117
Aussie union showing muscles:
Due to Australian energy major Santos refusing to guarantee wages for workers due to mobilise later this week, the offshore construction crew could decide to boycott the Barossa project. The Offshore Alliance union said via social media that Santos...
Estimated reading time: 2 minutes
The background story:
Australian energy major Santos has been given an interim injunction by the Federal Court of Australia to prevent it from laying the Barossa Gas Export Pipeline (GEP). This decision to block the Barossa pipeline laying until November 13, 2023, is in...
Estimated reading time: 2 minutes
ombugge
November 18, 2023, 10:32pm
119
Not offshore but oil & gas:
