Decommissioning and Abandonment Australia 2026

Transocean announces Shell’s early termination of Polar Pioneer contract

AI Summary

ZUG, Switzerland — Transocean Ltd. announced today that Shell has elected to terminate the contract for the harsh environment semisubmersible Polar Pioneer prior to its expiration in July 2017. Transocean will be compensated for the early termination through a lump-sum payment that includes adjustments for reduced operating costs and demobilization to Norway.

Oil and gas markets don’t shift gradually — they move in moments. The professionals who see those moments coming don’t have better instincts. They have better information.

The Oil & Gas Advancement briefing delivers that information — covering upstream, midstream, and downstream developments, energy transition strategy, and market intelligence across every major producing region.

  • The stories oil and gas professionals will be discussing tomorrow, in your inbox today
  • Analysis that goes beyond the headline — written for readers who already understand how the market works
  • The briefing that the sector’s most informed professionals open first

SUBSCRIBE OUR NEWSLETTER

WHITE PAPERS

Indonesia Outlines Strategy for Fair Oil and Gas Investment

The Indonesian government has reaffirmed its dedication to fostering a transparent and equitable Indonesian oil and gas investment climate. Indonesia's Minister of Energy and...

RELATED ARTICLES