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Posts on ‘September 29th, 2012’

Transocean gets $7.6B deal with Shell for rigs

Posted on September 28, 2012

HOUSTON (AP) — Transocean Ltd. said Friday that Royal Dutch Shell has entered into 10-year contracts worth $7.6 billion for four ships that will be used to drill for oil in deep water.

The estimated revenue backlog doesn’t include costs of putting the ships in service. Transocean said investment for the rigs will be about $3 billion excluding interest.

Transocean said the first of the ships is expected to be delivered in mid-2015 with the others following every six months. They will be built in South Korea by Daewoo Shipbuilding and Marine Engineering Co. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Selection of article links 29 Sept 2012

Selection of links to articles that may be of interest to our readers (Supplied by a regular contributor)

Several human rights groups sued Shell Oil in 1996 for human rights abuses that included allegations of collaborating in the execution of members of the Ogoni tribe in Nigeria. Shell has never accepted liability for these abuses despite paying a settlement in 2009, and continues to dominate the oil market as the second largest petroleum company in the world. Surely the divestment of funds by a few American universities will have little impact on the reputation of these so-called oil and gas “supermajors.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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