Oil & Gas

Transocean and Shell agree to delay deepwater drillships

Transocean and oil major Shell have agreed to delay the operating and delivery contracts for two newbuild ultra deepwater drillships by 12 months each. The company said the agreement had been struck between itself, Shell and Daewoo ShipBuilding & Marine Engineering. The decision affects the Deepwater Pontus and the Deepwater Poseidon.