Can a Struggling Transocean Reclaim Its Edge?

EnergyPoint Research

For many, the misfortune and missteps that have befallen Transocean in recent years have been painful to watch.  The bludgeoning began with fallout from the company’s role in the Macondo disaster.  Since then, the formerly top-rated offshore driller in EnergyPoint’s surveys has been waylaid by internal and external setbacks — poorly timed investments, credit downgrades, agitation from activist investors, low employee morale — leaving a battered operation to withstand the current downturn.

In an effort to right the ship, the company is aggressively scrapping older rigs and reducing expenses.  Plans for future capex have been cut, as have dividends.  Leadership changes have been made as well. Continue reading “Can a Struggling Transocean Reclaim Its Edge?”

Contract Drillers Find Customer Centricity

Customer Centricity

For both onshore and offshore applications, EnergyPoint’s latest survey results indicate contract drillers are increasingly out to show customers they mean business. At the very least, land-drillers’ overall ratings remain on an upward bent, while offshore drillers’ ratings continue to be the highest of all the major oilfield segments that EnergyPoint tracks in its customer satisfaction surveys.

Helmerich & Payne’s ratings continue to lead onshore. In fact, the company remains the only land drillers to enjoy a very high overall designation in EnergyPoint’s independent customer satisfaction ratings system. Continue reading “Contract Drillers Find Customer Centricity”