Transocean-Ocean Rig merger: Date set for shareholder vote

Offshore driller Ocean Rig has set a date for its shareholders to vote on a proposal to merge with Transocean.

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Ocean Rig Poseidon drillship set to spud Prospect S well

Ocean Rig Poseidon drillship is sailing towards Chariot's PEL 71 block offshore Namibia where it will soon begin ...

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Transocean moves to buy Ocean Rig

Transocean and Ocean Rig have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig.

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Tullow spuds Cormorant well off Namibia

Oil company Tullow Oil has started drilling the Cormorant-1 well located in PEL 37 offshore Namibia. 

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Ocean Rig's drillship set to drill for Tullow

Ocean Rig-owned drillship Poseidon has reached the drilling site of Cormorant-1 well located in PEL 37 license ...

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Interview: Banks interested in rigs' money making potential

Many investors not only want to know the fair market value of an asset, but they also take into account projected ...

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Ocean Rig in talks to reactivate two warm-stacked rigs

Ocean Rig has said that inquiries for offshore rigs have risen to the levels of 2012, which the driller will hope ...

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Ocean Rig says rig demand picking up. Reveals new deals

Market demand in the offshore floating rig sector is looking up, offshore driller Ocean Rig's CEO said on Monday, ...

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Safety body looks at Lundin's Barents Sea well testing

The PSA has found improvement points during an audit of Lundin’s extended well testing of well 7220/11-5 S in the ...

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Ocean Rig postpones 8th gen drillship delivery till 2020

Ultra-deepwater drilling specialist Ocean Rig is delaying the delivery of an 8th generation newbuilding drillship.

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Ocean Rig abandons rig sale plan

Ocean Rig has abandoned its previously announced plan to sell its only two semi-submersible drilling rigs to a ...

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Chariot secures Ocean Rig drillship for Namibian ops

Chariot Oil & Gas has secured the Ocean Rig Poseidon, a sixth generation deepwater drillship to drill one firm and ...

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Ocean Rig setting up for a new play in semi-sub market

There’s probably much more behind Ocean Rig’s recent spinoff of the Leiv Eiriksson and Eirik Raude than they’re ...

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Ocean Rig to reactivate stacked semi-sub rig

Offshore drilling contractor Ocean Rig is selling its only two semi-submersible drilling rigs to its subsidiary. 

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ConocoPhillips gives Norway job to Ocean Rig semi-sub

Offshore driller Ocean Rig has signed a master service agreement with ConocoPhillips Skandinavia for a term of ...

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Rain check for Ocean Rig's drillship delivery

Offshore driller Ocean Rig has decided to postpone the delivery of a newbuild drillship being built by South ...

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Tullow preparing for Namibian wildcat

Tullow Oil has secured an Ocean Rig-owned drillship and  drilling preparations are well underway for an exploration ...

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Ocean Rig lands new gig for Poseidon drillship

Ocean Rig has signed a new drilling contract with Tullow Namibia for a one-well drilling program plus options for ...

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Ocean Rig CEO: Rig inquiries rising, but worst not over

The bottom of the market appears to have passed but 2018 will still be a tough year

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Safety body discovers irregularities on Leiv Eiriksson rig

The PSA has found seven non-conformities and six improvement points during an audit of the Leiv Eiriksson drilling rig.

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Ocean Rig in management shake-up following restructuring

Offshore driller Ocean rig has made several major management changes, following completion of financial restructuring.

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