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Corporate week in brief: Transocean tightens grip on ultra-deepwater rig market

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Transocean will expand its premium fleet with the US$2.7 billion acquisition of Ocean Rig. The company now looks well placed to take advantage of operators looking for newer, higher-specification rigs as confidence returns to the offshore sector. The deal could also mark an important step towards consolidation in the ultra-deepwater rig market. Read more on this, and the following stories: • Southwestern exits Fayetteville • EOG trims international portfolio with UK sale • Equinor makes Austin Chalk entry • Enquest exercises Magnus option with BP • CNOOC Ltd continues acreage capture

Table of contents

  • Macro: oil prices, oil and gas shares
  • Lead story: Transocean acquires Ocean Rig
  • M&A: Southwestern, EOG, Equinor, Enquest and BP
  • Companies: CNOOC Ltd

Tables and charts

This report includes 3 images and tables including:

  • Global floating rigs demand outlook
  • Leading-edge day rate forecast
  • Data dashboard

What's included

This report contains:

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    Corporate week in brief: Transocean tightens grip on ultra-deepwater rig market

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