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GlobalSantaFe Corporation was an offshore drilling contractor headquartered in Houston, Texas. It owned 59 marine drilling rigs. [ 1 ] In November 2007, the company was acquired by Transocean .
Icahn claims that management "destroyed approximately $11 billion of shareholder value," primarily through its 2007 acquisition of fellow driller Global Santa Fe.
Transocean was formed as a result of the merger of Southern Natural Gas Company, later Sonat, with many smaller drilling companies.. In 1953, the Birmingham, Alabama-based Southern Natural Gas Company created The Offshore Company after acquiring the joint drilling operation DeLong-McDermott from DeLong Engineering and J. Ray McDermott.
The blowout caused the explosion of the Deepwater Horizon, a mobile offshore drilling platform owned by Transocean and under lease to BP at the time of the blowout. While the exact volume of oil spilled is unknown, as of June 3, 2010 [update] , the United States Geological Survey Flow Rate Technical Group has placed the estimate at between ...
This year, Sable Offshore Corp., a Houston-based energy company, purchased the mothballed equipment and announced plans to restart oil extraction by the end of the year — including the failed ...
The auction was the last of several offshore oil and gas lease sales mandated under the 2022 climate law. ... Oil companies offered $382 million for drilling rights in the Gulf of Mexico on ...
Offshore drilling began in California in 1896, when operators in the Summerland Oil Field in Santa Barbara County followed the field into the ocean by drilling from piers built out over the ocean. Leasing California state seabed is controlled by the State Lands Commission, which halted further leasing of state offshore tracts after the Santa ...
GSF Development Driller II is a fifth generation, Vanuatu-flagged dynamic positioning semi-submersible ultra-deepwater drilling rig owned and operated by Transocean.The vessel is capable of drilling in water depths up to 7,500 ft (2,300 m) with drilling depth of 35,000 ft (11,000 m), upgradeable to 37,500 ft (11,400 m).