Chevron bringing Transocean drillship to US Gulf signals recovery gCaptain Total Views: 54 March 28, 2011 (Dow Jones) Jefferies says Chevron’s (CVX) sublet of a Transocean (RIG) ultra-deep-water drillship from Indian energy giant Reliance and plans to bring the rig to the US later this year signals recovery in the Gulf of Mexico. Built last year, the rig can drill in 10,000 feet of water and is leased to Reliance for 10 years at $508,000/day. By passing on cheaper and nearer available rigs, firm says CVX’s decision also shows the lengths international oil companies will go to employ the newest, most capable equipment — good news for drillers with similar ships on order. (c) 2011 Dow Jones & Company, Inc. Tags: chevron drillship gulf of mexico transocean Editorial Standards · Corrections · About gCaptain Subscribe for Daily Maritime Insights Sign up for gCaptain’s newsletter and never miss an update — trusted by our 106,140 members Prev Back to Main Next Stay Informed. Stay Connected. Get The Daily Insights That Power Maritime Professionals Worldwide Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox — trusted by our 106,140 members Have a news tip? Let us know. Stay Ahead with Our Weekly ‘Dispatch’ Email Dive into a sea of curated content with our weekly ‘Dispatch’ email. Your personal maritime briefing awaits! Sign Up Sign In Related Articles News Exxon, Chevron Beat Profit Estimates on War-Driven Oil Rally Exxon Mobil Corp. and Chevron Corp. posted stronger-than-expected earnings for the first quarter as higher oil and natural gas prices outweighed production outages from the Iran war. May 1, 2026 Total Views: 464 News U.S. Offshore Oil Hits Record 714M Barrels as Gulf Deepwater Leads Surge U.S. offshore oil production surged to a record 714 million barrels in 2025, marking a new high for output from the Outer Continental Shelf and underscoring the growing role of deepwater projects in the nation’s energy mi