14, · PRESS RELEASE / 11.02. - Transocean Ltd. Reports ird Quarter Results read more . PRESS RELEASE / .27. - Transocean Ltd. Announces Early Results of Cash Tender Offers and Extends Offer of Total Consideration rough Expiration Time read more . Transocean Ltd. Turmstrasse 30 CH-6312 Steinhausen Switzerland. Phone: +41 41 749 0500. view map United States. 1414 Enclave Parkway Houston, TX 77077. Phone: +1 713 232 7500. view map Morgan City Yard 926 De Gravelle Road Amelia, LA 70340. Phone: +1 . 05, · Worse followed. In April , Providence was on e wrong end of a $7m judgment in favour of Transocean, a rig services supplier. at in turn derailed plans to roll over a $20m loan from Melody Capital, a New York credit fund, which was due just two mon s later. Melody held security over all of Providence’s assets. An Irish based upstream oil and gas company, Providence Resources, has taken delivery of a semi-submersible drilling rig for e Barryroe oil discovery, expected to commence in e next couple of. Transocean Drilling UK Ltd v Providence Resources plc. Citation:  EWHC 4260 (COMM) is was a dispute about e financial consequences of delays in e drilling of an appraisal well in an off-shore oilfield off e sou coast of Ireland. Providence Resources, says it has successfully defended a claim over legal costs by offshore drilling company Transocean. 5 Dublin most expensive place to live in euro zone due to high rents. 22, · e money will allow Providence pay off what it owes drilling services firm Transocean. Providence Resources — e Tony O’Reilly Jr-led exploration firm . Transocean Drilling U.K. Limited (Transocean), a subsidiary of Transocean Ltd. e case relates to certain costs claimed by Transocean against Providence regarding e use of e semi- submersible drilling unit, e Arctic III, in /12 on Providence's Barryroe oilfield, offshore Ireland. Transocean LTD. Transocean Drilling UK Ltd v Providence Resources Plc  EWCA Civ 372 (13 April ) Practical Law Case Page D-037-1581 (Approx. See full list on fool. Olumide has 2 jobs listed on eir profile. Transocean drilling. In April , Providence Resources Plc (Providence) had contracted wi rig owner Transocean Drilling U. Transocean will receive a payout from Providence Resources estimated to be wor around $7million after a Court of Appeal ruling. e Irish oil and gas company said e move comes after litigation. Find e latest Transocean Ltd (Switzerland) (RIG) stock discussion in Yahoo Finance's forum. Share your opinion and gain insight from o er stock traders and investors. 11, · Providence Resources has to pay about1.1m to Transocean Drilling UK Ltd after at firm brought litigation over Part 36 costs linked to e use of e semi-submersible drilling . Transocean’s recent financial history, back to , is available here, including annual and quarterly reports and proxy statements. to view e Transocean Annual Report Transocean Sustainability Report /. View All Financial Reports. 30, · e question considered in Transocean Drilling UK Ltd v Providence Resources Plc,  EWCA Civ 372 (April ) related to how loss of use was to be interpreted. Facts: e customer in e case (Providence) hired e contractor (Transocean) to drill a test well in a potential oilfield. 21, · Exploration company Providence Resources is to pay Transocean Drilling UK $1.1m in relation to a court case brought by Transocean over e use of a drilling unit on e Barryroe oilfield. Offshore staff. LONDON – Transocean Drilling UK has successfully contested a dispute wi Providence Resources over a drilling campaign offshore Ireland.. e English Court of Appeal handed down judgment on a consequential loss clause – according to law firm Ince & Co. which represented Transocean, e ision could have far-reaching implications for e energy industry and commercial. 20, · Providence Resources said it has settled in full its loan facility wi Melody Business Finance by payment of $20m, plus interest and an allotment of almost million ordinary shares. 22, · Irish exploration firm Providence Resources looks set to save around $2.5m (€2.3m) in additional legal costs, arising from its recently concluded legal battle wi drilling services firm Transocean. To recap, Transocean was a drilling rig owner which claimed hire costs during periods of rig downtime, some of which were due to e condition of e rig on delivery and erefore Transocean’s breach. Providence counterclaimed for costs it had incurred during e resulting period of delay. Offshore staff. HOUSTON – Offshore drilling rig technologies are continuing to develop and evolve in response to increased industry demand for safer and more efficient systems, said Transocean CEO and President Jeremy igpen at e Offshore Technology Conference on Tuesday.. While e ket downturn of e past five years led many companies to sacrifice eir R&D budgets, igpen explained. 21, · e announcement provided an update regarding e litigation between Providence and Transocean Drilling U.K. Limited (Transocean), a subsidiary of Transocean Ltd, relating to e use of e semi-submersible drilling unit, Arctic III, on e Barryroe oilfield offshore Ireland (Providence 80, Lansdowne 20). Oil explorer, Providence Resources, led by Tony O'Reilly ior stated at it has successfully defended a legal claim by offshore drilling company Transocean. Providence Resources has confirmed a joint venture partnership wi Sosina Exploration Limited to target a prospect in e sou ern Porcupine Basin, located 220 kilometres off e Sou -West Coast Providence Claims Victory in Ruling Against Transocean. 27, · Transocean provided e rig GSF ARCTIC III to Providence pursuant to a drilling contract which set out a scheme of different daily hire rates to apply depending on e function e rig was. SeaEnergy has also been hit by a legal wrangle between two o er companies – Transocean Drilling UK and Providence Resources – affecting Dublin-based Lansdowne Oil and Gas, in which it has. Providence Resources. Operations. Operations. Operations. Celtic Sea Basin OPERATIONAL UPDATE - SEL 1/11 BARRYROE - NOMINATION OF E COSLIN ATOR SEMI-SUBMERSIBLE DRILLING UNIT. more. Related press release - . 12 ember PROVIDENCE SUCCESSFULLY DEFENDS TRANSOCEAN’S PART 36 COSTS APPLICATION. more. 18 February . Transocean Offshore Deepwater Drilling Inc. is located in Houston, TX, United States and is part of e Oil & Gas Well Drilling Industry. Transocean Offshore Deepwater Drilling Inc. has 9 total employees across all of its locations and generates $26.43 million in sales (USD). 11, · In April , Providence Resources Plc (Providence) had contracted wi rig owner Transocean Drilling U.K. Ltd (Transocean) for e hire of a semi-submersible drilling . Transocean Drilling UK Ltd v Providence Resources plc () Case about claim for loss of use of oil exploration rigs Held at because bo were commercial companies and bo benefitted e contra proferentem rule could not be used. On 20 April 20, a fire was reported on a Transocean-owned semisubmersible drilling rig, Deepwater Horizon. Deepwater Horizon was a RBS8D design of Reading & Bates Falcon, a firm at was acquired by Transocean in 2001. e fire broke out at :00 p.m. CDT UTC−5 in US waters of Mississippi Canyon 252 in e Gulf of Mexico. e rig was 41 mi (66 km) off e Louisiana coast. Oil explorer Providence Resources, whose cash levels have slumped 80 per cent to $1.45 million (€1.3 million) so far is year, need to sell shares or raise debt to progress its key Barryroe. 31, · Transocean Ltd. has announced at it has signed a rig design and construction management contract, as well as a five-year drilling contract, wi Chevron USA, Inc. for . TransOcean offshore is e largest drilling company in e world. Safety always comes first, it,s a driven culture. e company will not settle for any less. Very good company wi benifits and opportunities.4.2/5(28). In a much anticipated ruling, e UK Court of Appeal reversed e High Court’s ision on recovery of spread costs in Transocean Drilling v. Providence Resources  EWCA Civ 372. e facts were simple. During e period Transocean’s drilling rig was out of service, Providence, e operator, incurred significant spread costs. Transocean is a very good company to be a part of. e safety and work culture was always evolving. Most of my team building and management skills were learned at my time wi Transocean. e support from my manager was just a phone call away.4.3/5(24). I am an oilfield veteran of 38+ years. Retired from Schlumberger since . My background is drilling and completion fluids. I have au ored a num. Dublin-based oil explorer Providence Resources on Tuesday announced plans to raise over $30 million rough share placements following delays in capital raising elsewhere. Providence, which last week said it is still in talks wi partners on fundraising for its Barryroe field, said plans to sell $25.75 million of shares to institutional investors and an additional 5 million euros to current. Glassdoor gives you an inside look at what it's like to work at Transocean Offshore Deepwater Drilling, including salaries, reviews, office photos, and more. is is e Transocean Offshore Deepwater Drilling . e 5 U.S. Circuit Court of Appeals ided at an employee’s age discrimination claim was appropriately dismissed, citing a lack of evidence at an oil rig company’s nondiscriminatory. Global Santa Fe Drilling Company is located in Houston, TX, United States and is part of e Oil & Gas Well Drilling Industry. Global Santa Fe Drilling Company has 550 total employees across all of its locations and generates $43.78 million in sales (USD). ere are 134 companies in e Global Santa Fe Drilling Company corporate family. 20, · Shares of Switzerland-based Transocean fell Monday after international drilling contractor Borr Drilling announced it will acquire 15 of Transocean's rigs . 16, 20 · No drilling contractor has ever been held liable for discharges from a well under e Oil Pollution Act of 1990, e company said in a statement e-mailed to e Associated Press. 20, · Transocean Ltd., owner of e Deepwater Horizon rig, settled for $211 million wi businesses and individuals in e 20 Gulf oil spill.