Transocean buys ConocoPhillips stake in drillship
ConocoPhillips has sold its 40 percent interest in the drillship Deepwater Frontier to joint venture partner Transocean, the companies said May 30.
Transocean, the world’s largest offshore driller, said it took over Conoco Phillips’ share for $4.5 million in cash and assumed $80 million in debt, va....
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