
By Rhiannon Meyers: October 26, 2015
Transocean and Royal Dutch Shell struck an agreement to delay the delivery of two new ultradeep-water drillships as the offshore drilling industry cools amid a global downturn in oil prices.
The Swiss-based offshore drilling contractor announced early Monday that it would push back the operating and delivery contracts of the Deepwater Pontus and Deepwater Poseidon by one year each.
Drillships are used to hunt for new oil and gas in waters deep offshore. With oil prices refusing to budge above $50 a barrel for months, oil companies have throttled expensive offshore exploration projects as they wait for crude to rebound.




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September 28, 2015 | By 



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Shell’s vessel Fennica took short cut through shallow water?



Shell’s Arctic drilling plans may hit permitting snag
Feds say Shell completed test for blow-out well response ahead of Arctic drilling
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