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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Transocean (RIG) secures two contract awards worth more than $180 million for one of its drillships to work in the U.S. Gulf of Mexico.

Transocean (RIG) Wins Two Drillship Contracts Worth $181M

The missing ingredient - Exploratory Drilling - is returning to the capex budgets of the major oil companies. There is light at the end of the tunnel. Rig rates for 6-7th gen drill ships have regained the $400K per day level.

Transocean: Offshore Drilling And The 'Iron Law Of Electricity'

STEINHAUSEN, Switzerland, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that the ultra-deepwater drillship, Deepwater Asgard, received two contract awards in the U.S. Gulf of Mexico for a total of approximately 14 months of work, adding $181 million in firm backlog.

Transocean Ltd. Announces $181 Million in Contracts for Ultra-Deepwater Drillship Deepwater Asgard

The shares of Transocean LTD (NYSE:RIG) are higher this morning, last seen up 2.8% at $3.66, after BTIG upgraded the security to "buy" from "neutral.

BTIG Sees Upside for This Oil Drilling Name

Transocean (RIG) reported earnings 30 days ago. What's next for the stock?

Why Is Transocean (RIG) Down 2.9% Since Last Earnings Report?

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Called Inteliwell, the JV's Comprehensive Product Suite is Designed to Deliver Real-Time Automation and Optimization to Safeguard, Streamline the Well Construction Process CARLSBAD, Calif. , Aug. 18, 2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global communications company, today announced it has agreed to join Inteliwell, a joint venture (JV) with Transocean Ltd.

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Transocean's (RIG) second-quarter loss is narrower than estimates and revenues outperform the consensus mark.

Transocean (RIG) Posts Narrower Loss, Revenue Beat in Q2

One of the more volatile stocks in the market this year, Transocean (NYSE: RIG ) is actually up on a year-to-date basis. Indeed, being among the few stocks in the green thus far this year has already raised the profile of RIG stock among many investors.

Transocean (RIG) Stock Soars on New Contract Announcements

Transocean Ltd. (NYSE:RIG ) Q2 2022 Results Conference Call August 2, 2022 9:00 AM ET Company Participants Alison Johnson - Investor Relations Jeremy Thigpen - Chief Executive Officer Keelan Adamson - President and Chief Operating Officer Mark Mey - Executive Vice President and Chief Financial Officer Roddie Mackenzie - Executive Vice President and Chief Commercial Officer Conference Call Participants Thomas Johnson - Morgan Stanley Greg Lewis - BTIG David Smith - Pickering Energy Partners Fredrik Stene - Clarksons Securities Karl Blunden - Goldman Sachs Operator Good day, ladies and gentlemen, and welcome to the Q2 2022 Transocean Earnings Conference Call.

Transocean Ltd. (RIG) CEO Jeremy Thigpen on Q2 2022 Results - Earnings Call Transcript

Transocean released earnings on the back of positive updates to its fleet status report. The fundamentals are better than they have been in a long time.

Transocean: Is A Credit Event Imminent?

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Company reports Q2 results largely in line with expectations. Revolving credit facility extended by two years at reduced borrowing capacity.

Transocean: Long-Term Contract Commitments Are Back - Upgrading Shares To Strong Buy

STEINHAUSEN, Switzerland, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that the ultra-deepwater drillship, Deepwater Conqueror, has been awarded a two-year contract by a major operator for work in the U.S. Gulf of Mexico at $440,000 per day with up to an incremental $39,000 per day for additional products and services.

Transocean Ltd. Announces $321 Million Contract for Ultra-Deepwater Drillship Deepwater Conqueror

STEINHAUSEN, Switzerland, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that the ultra-deepwater drillship, Petrobras 10000, received a 5.8-year contract for work offshore Brazil with a national oil company.

Transocean Ltd. Announces $915 Million Contract for Ultra-Deepwater Drillship Petrobras 10000

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STEINHAUSEN, Switzerland, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $68 million, $0.10 per diluted share, for the three months ended June 30, 2022.

Transocean Ltd. Reports Second Quarter 2022 Results

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Company releases a decent fleet status report with a number of long-term contract awards across multiple regions. For the first time in many years, backlog increased sequentially to approximately $6.2 billion.

Transocean: Industry Recovery Is Gaining Further Traction - Buy

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