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Oil & Gas Drilling

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Transocean Partners unitholders approve merger agreement between Transocean Ltd., Co

Tuesday, 6 Dec 2016 10:43am EST

Transocean Partners LLC : Common unitholders approved merger agreement, among Transocean, Transocean Partners .Transaction is expected to close on or around December 9, 2016.

Hercules Offshore says co's unit entered purchase and sale agreement with Magni Drilling Limited - SEC filing

Friday, 2 Dec 2016 02:11pm EST

Hercules Offshore Inc: On Dec. 2, Hercules British Offshore Limited entered into a purchase and sale agreement with Magni Drilling Limited - SEC filing .Magni Drilling Limited is purchasing Hercules's two jack-up drilling rigs for $130 million in cash.

Transocean Ltd says unit has priced an offering of senior secured notes

Tuesday, 29 Nov 2016 03:55pm EST

Transocean Ltd : On Nov 29, announced that Transocean Proteus Limited, its wholly-owned indirect unit, has priced an offering of senior secured notes . Issuer will issue $625 million in aggregate principal amount of senior secured notes due 2024 . Notes will bear interest at rate of 6.25% per annum and will be callable on or after December 1, 2020 .Net proceeds from notes will be used primarily for purpose of partially financing construction of Deepwater Proteus.

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