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The offshore drilling market is improving across the board, but not each company has seen the same upside. Hercules Offshore , Noble , and SeaDrill focus on different water depths, and, as the ...
Transocean (RIG) has a strong liquidity buffer and an order backlog of $6.5 billion. This provides clear revenue visibility. Borr Drilling (BORR) has a robust EBITDA guidance for 2022 and the ...
The offshore drilling market is expected to grow at a compounded annual growth rate of 10.6%, from $73.1 billion in 2013 to $121.1 billion in 2018. 3 Energy Stocks with Significant Upside ...
The company had not had a profitable quarter in more than five years. In 1990, Zapata Offshore sold 12 of its drilling rigs to Arethusa Offshore, which a few years later merged with Diamond Offshore. Still struggling with debt by 1993, Zapata signed a deal with Norex America to raise more than $100 million through a loan and stock sale.
In October 2022, Seadrill completed the sale of seven jack-up rigs to ADES Arabia Holding Company. [16] In December 2022, it was announced Seadrill had acquired the London-headquartered owner of offshore drilling units, Aquadrill LLC, in an all-stock deal worth $958 million USD. The transaction closed in April 2023. [24]
Drilling down into the offshore drilling segment of the oil and gas industry. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
Transocean Ltd. is an American drilling company. [2] It is the world's largest offshore drilling contractor based on revenue and is based in Steinhausen, Switzerland. [3] [4] The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia. [5]
The offshore drilling business has had its ups and downs as it returns to a more normal state nearly two years after the Gulf of Mexico oil spill. Some rig owners such as Transocean (NYS: RIG ...