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Hurricane Energy terminates Transocean semi-submersible rig contract

Hurricane Energy has terminated its contract with Transocean for the 1987-built semi-submersible rig Paul B Loyd Jr.

According to Transocean, the company was compensated for the termination. The rig is expected to start a new contract with Chrysaor in the UK North Sea in October.

Earlier this month, Transocean told Texas Workforce Commission that it would lay off up to 110 workers as it is unable to secure new contracts for drillship Discoverer Inspiration.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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