Notes

Buy Singapore's Oil-Rig Makers - Barron's Fundamentals Explained


<h1 style="clear:both" id="content-section-0">Getting The Keppel LeTourneau - LinkedIn To Work<br></h1>
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<p class="p__0">If you can not discover the brand-new or used offshore rigs of any type, size or make that you are searching for, please send us an email to and we will provide you.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://www.hmsbroker.com/wp-content/uploads/2017/12/HMSJU-111-Main.jpg" alt="Newbuilt Jack-up Drilling Rig 300 ft- Allship - Shipbroker - Sale &amp; Purchase"><span style="display:none" itemprop="caption">KCA Deutag sells Ben Loyal jackup to Advanced Energy Systems - Drilling Contractor</span>
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<p class="p__1">Image: The Jack-up Transocean Constellation II. New about Transocean Ltd. (NYSE:RIG) The overseas drilling Industry is suffering through the worst bear cycle in history. The oil crash that started late in 2014 has had a terrible effect especially on the overseas drilling players such as Transocean, Seadrill (NYSE:SDRL), Rowan Business (NYSE:RDC), Ensco Plc.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://www.petrorigs.com/wp-content/uploads/2020/08/20200815_073532.jpg" alt="The new use for abandoned oil rigs - BBC Future"><span style="display:none" itemprop="caption">Modern Jack-Up drilling rigs for sale</span>
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<p class="p__2">Subsequently, competitors is naturally ending up being fiercer, due to the fact that the overseas jack-up market (shallow waters) and the overseas floater market are oversupplied by a wide range of rigs, modern-day and old, that contend against each other for a really restricted quantity of contracts at low day rate, typically close to breakeven level. Transocean is the uncontested leader in the deep water sector (floaters) with an impressive stockpile approximated at over $10.</p>
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<img width="457" src="https://www.infield.com/rigs/rig-images/60850/topaz-driller-1.jpg">
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<p class="p__3">Today, this article has to do with the jack-up part of Transocean which may be divested to Borr Drilling, a new company formed in Norway. We found out on Friday by Evercore ISI's James West and group, who were commenting about a news initially announced by Tradewinds: We noted in our Wrap-up and Weekly that Borr Drilling was apparently interested in purchasing Transocean's jackup fleet.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://marinetags.com/wp-content/uploads/2018/02/Jack-Up-Drilling-Rig-for-Sale-1.jpg" alt="SpaceX bought former Valaris oil rigs to build Starship launchpads"><span style="display:none" itemprop="caption">Jackup rigs for charter, Offshore Rigs brokers, Offshore Drilling Rigs sellers, Used Jack up Rigs for sale, Offshore worko… in 2021 - Drilling rig, Pipes for sale, Offshore</span>
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<h1 style="clear:both" id="content-section-1">Houston Co-Headquartered Drilling Co Bolsters ADES Ties - Questions<br></h1>
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<p class="p__4">2 billion deal to acquire a fleet of 15 RIG jackups. Reference would require Transocean's whole active fleet of 10 high-specification jack-ups, plus another 5 newbuilds under construction at Singapore's Keppel FELS, for an overall cost of $1. 2 billion. Another $1. 125 billion is due on the 5 newbuilds, which would be presumed by Borr Drilling as these rigs have been postponed till 2020.</p>
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<p class="p__5">Half of Transocean's active jack-up fleet is presently stacked while the other half is contracted for 38 rig months (average 7. 6 months per rig) for $172 million in backlog (only 1. 5% of RIG's overall $11. 3 billion). [note from Enjoyable trading: stockpile is now $10. 8 billion and JU stockpile represents $161 million] We would be aggressive buyers of Transocean if this transaction emerges, as it would generate income from an under-utilized jack-up fleet that averages 13.</p>
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Website: https://tasteclerk9.bloggersdelight.dk/2022/03/18/getting-my-jackup-rigs-for-sale-deep-oil-drilling-to-work/