Transocean

Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland.

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Transocean reports robust Q4 earnings, eyes growth in global markets

Transocean's strong financial performance, strategic investments, and global contract wins position it well for growth despite cost pressures and operational constraints. The company's focus on simplifying its balance sheet and leveraging advanced drillship capabilities underscore its commitment to long-term success in the offshore drilling industry.

Transocean excels in Q1 2023, eyes growth in harsh environments

Transocean's Q1 performance reflects strong financials and market sustainability, supported by a robust backlog and strategic contract wins. While facing challenges in Norway and industry reactivation pace, the company is well-positioned to capitalize on opportunities in high-demand regions and innovative asset utilization.

Transocean reports solid Q2 performance amidst market opportunities

Transocean's Q2 2023 performance showed strong backlog growth and financial resilience.
The company's focus on top assets and long-term contracts positions it well for market improvements.
Challenges include cost management and potential regulatory impacts.
Opportunities lie in increasing demand, market up cycle, and strategic fleet decisions.

Transocean reports robust Q3 results, eyes revenue growth in 2024

Transocean's Q3 performance reflects strength in backlog growth and contract wins, despite challenges in contract lead times and market uncertainties. The company aims for revenue growth in 2024, focusing on long-term contracts and operational efficiency.

Transocean reports robust Q4 earnings and optimistic outlook for growth

Transocean's Q4 performance reflects financial resilience and operational excellence, supported by a strong backlog and strategic financial decisions. While challenges exist in a competitive market, the company's focus on efficiency and long-term contracts presents promising opportunities for sustained success.

Transocean reports solid Q1 performance and eyes growth opportunities

Transocean's Q1 performance showcases resilience amid operational challenges, with a focus on safety, efficiency, and long-term growth. The company's strategic initiatives and positive market outlook position it well to capitalize on increasing demand for deepwater rigs and drive future profitability.

Transocean reports solid Q2 performance, eyes offshore market growth

Transocean's Q2 2024 performance reflects operational stability and strategic contract wins, despite facing challenges in managing costs and profitability.
The company's focus on maximizing shareholder value and reducing debt aligns with efforts to improve financial health and balance sheet strength.
With opportunities in offshore drilling market growth and regional expansions, Transocean remains positioned for long-term success and revenue growth.

Transocean reports solid Q3 performance and bullish outlook for deepwater

Transocean delivered strong financial results in Q3 2024 and has a robust contracting outlook for the future.
Despite challenges related to blowout preventers, the company's focus on optimization and confidence in market demand are key strengths.
Opportunities for growth lie in the company's solidly booked fleet and strategic positioning in the deepwater drilling market.

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RIG has fallen nearly 60% from its March 2022 highs, even though it has continued outperforming the broad market in 2022. We postulate that the market remains tentative over Transocean's cyclical recovery amid a worsening global economy. Hence, the market has not re-rated RIG.

Transocean: The Market Is Not Buying Into Its Recovery Prospects

The company releases an impressive fleet status report with backlog increasing by almost 15% sequentially but basically, all of the listed contract awards had been published before already. Harsh environment rigs Transocean Equinox and Transocean Nautilus are now sitting idle.

Transocean: Strong Fleet Status Report But Issues Remain

STEINHAUSEN, Switzerland, Oct. 14, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the third quarter of 2022, after the close of trading on the NYSE on Wednesday, November 2, 2022.

Transocean Ltd. Announces Third Quarter 2022 Earnings Release Date

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Does Transocean Offer Good Value?

OXFORD, England , Oct. 3, 2022 /PRNewswire/ -- Salunda Limited today has announced an exclusive license agreement with Transocean (NYSE: RIG) to make, develop and sell HaloGuard®, the offshore drilling industry's first safety system that integrates camera and sensor technology with drilling equipment and machine controls. The HaloGuard® system combines real-time location technology together with a machine vision system.

Salunda Limited Executes Exclusive License Agreement with Transocean for HaloGuard® Real-Time Zone Management Technology

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Transocean shares are dropping due to falling oil prices. The whole stock market is feeling the pain of highly hawkish central bankers. The company recently announced some drilling contracts were added to its backlog.

Transocean Shares Have Just Plunged Substantially But Have Upside Potential

Transocean (RIG) secures a drilling contract to drill 17 wells and additional potential wells off the Norwegian coast from 2023 to 2027.

Transocean (RIG) Gets Drilling Contract From Norway-Based Firms

STEINHAUSEN, Switzerland, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that the harsh environment semi-submersible, Transocean Norge, received a contract award from Wintershall Dea Norge and OMV Norge granting the exclusive right to drill all of the wells for their respective drilling campaigns starting in 2023 through 2027, subject to rig availability and other conditions.

Transocean Ltd. Announces Contract for Harsh Environment Semi-Submersible Transocean Norge

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Why Transocean Was Falling Today

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Transocean - Debt And Liquidity Issues In The Spotlight Again

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STEINHAUSEN, Switzerland, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) announced today that it has executed privately negotiated exchange and purchase agreements relating to certain of the 0.50% Exchangeable Senior Bonds due 2023 (the “Existing Exchangeable Bonds”) and certain of the 7.25% Senior Notes due 2025 (the “2025 Priority Guaranteed Notes”) issued by Transocean Inc., Transocean's wholly-owned subsidiary. In aggregate, these transactions provide Transocean with an incremental $175 million in liquidity, further improving the flexibility of the company's balance sheet.

Transocean Ltd. Announces Private Exchange and Purchase of Certain Existing Securities and Issuance of New Exchangeable Bonds and Warrants

Transocean (RIG) is set to appear before the court of law on Oct 12, 2022 for the September 2019 mishap on one of its rigs.

Transocean (RIG) Charged by Regulators Over 2019 Rig Incident

News for Transocean Stock (RIG)