Transocean and Seadrill in Merger Talks as Offshore Oil and Gas Rebounds ...Middle East

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Transocean and Seadrill in Merger Talks as Offshore Oil and Gas Rebounds
Transocean and Seadrill are discussing a merger to capitalize on a rebound in offshore oil and gas investment, Bloomberg has reported, citing unnamed sources in the know. A deal is far from certain, the report noted, as the companies currently discuss the structure of a potential tie-up. Offshore oil and gas exploration has been growing at a steady pace in recent years, with virtually all major new discoveries made offshore. All of Guyana’s crude oil, for instance, comes from one offshore block; TotalEnergies recently signed off on a $10.5-billion…

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