- Transocean (RIG -3.4%) quantifies concerns about near-term slack in the demand for deepwater oil and gas drilling, telling analysts that 14 of its deepwater rigs would be available in 2014 out of a total of 39 industry-wide, both figures unusually high in a deepwater market where contracts can run for five years or more.
- Near-term softness in demand for ultra-deepwater rigs is adversely impacting lower capability floaters, RIG says, but it expects excess capacity to be absorbed and maintains a favorable long-term view.
- Among rivals, Ensco (ESV -1.7%) will have eight rigs available in 2014 and Seadrill (SDRL -0.2%) five, RIG says.
From other sites
at CNBC.com (Mar 19, 2015)
Video at CNBC.com (Jan 21, 2015)
at CNBC.com (Jan 8, 2015)
at CNBC.com (Jan 6, 2015)
at CNBC.com (Jan 5, 2015)
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