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Oil’s Biggest Rigs Get Sent to Junkyard as Daily Losses Mount

deepwater pathfinderBy David Wethe (Bloomberg) — Transocean Ltd. is finally sending Pathfinder to its grave, after two years in a Caribbean purgatory that cost about $15,000 a day. The move by the world’s Biggest offshore-rig operator signals just how bleak the future looks for deepwater drilling. Pathfinder is the most famous of six floating rigs the company is […]

The post Oil’s Biggest Rigs Get Sent to Junkyard as Daily Losses Mount appeared first on gCaptain.



This post first appeared on GCaptain - Maritime News, please read the originial post: here

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Oil’s Biggest Rigs Get Sent to Junkyard as Daily Losses Mount

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