Transocean has taken a one-third stake in a newbuild semi-submersible drilling rig under construction at Sembcorp Marine’s Jurong Shipyard in Singapore that was originally ordered by Seadrill-connected North Atlantic Drilling Ltd (NADL).
A joint venture between Transocean and funds connected with UK fund manager Hayfin Capital Management has emerged as the buyer of the harsh-environment unit West Rigel, renamed Transocean Norge, for $500 million.
