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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Oil and gas drillers in the United States are likely to continue adding rigs to shale plays since the pricing environment is gradually improving.

US Oil & Gas Drillers Add Rigs for 7 Successive Weeks

Investors need to pay close attention to Transocean (RIG) stock based on the movements in the options market lately.

Are Options Traders Betting on a Big Move in Transocean (RIG) Stock?

The energy services provider had a good month along with oil prices. Here is what's taking shape.

Why Transocean Stock Rose 25% in December

Oil and gas drillers in the United States are likely to continue adding rigs in shale plays since the pricing environment is gradually improving.

American Oil & Gas Drillers Add Rigs for 6 Successive Weeks

Transocean (RIG) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: Transocean (RIG)

Oil and gas drillers in the United States are likely to continue adding rigs in shale plays since the pricing environment is gradually getting better.

American Oil & Gas Drillers Add Rigs for 5 Successive Weeks

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Permian Basin Adds Oil Drilling Rigs for 9 Straight Weeks

STEINHAUSEN, Switzerland, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that the United States District Court for the Southern District of New York (the “Court”) granted Transocean Ltd. and Transocean Inc.'s (together, “Transocean”) motion for summary judgment (“Summary Judgment”) with respect to Transocean's counterclaims against funds managed by, or affiliated with, Whitebox Advisors LLC (“Whitebox”) seeking declaratory relief regarding the allegations contained in the previously disclosed purported notice of alleged default (the “2027 Notes Notice”) with respect to Transocean's 8.00% Senior Notes due 2027 (the “2027 Guaranteed Notes”).

Transocean Ltd. Announces Successful Court Ruling Granting its Motion for Summary Judgment And Holding Internal Reorganization Did Not Violate Indenture

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This offshore-drilling giant made a big comeback last month.

Why Transocean's Shares Popped 175.9% in November

Oil and gas drillers in the United States are likely to continue adding rigs in shale plays since the pricing environment is gradually getting healthier.

Permian Basin Adds Oil Drilling Rigs for 7 Straight Weeks

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

Transocean (RIG) Up 132.1% Since Last Earnings Report: Can It Continue?

The company made some complicated moves that it believes will resolve a conflict with some of its bondholders.

Why Transocean Stock Rallied as Much as 13% Today

STEINHAUSEN, Switzerland, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it, Transocean Inc. (together with Transocean Ltd., the “Company”) and certain of its subsidiaries executed amendments to certain of their financing documents and implemented certain internal reorganization transactions to resolve the allegations contained in the previously disclosed notices of alleged default (the “Notices”) with respect to Transocean Inc.'s 7.25% Senior Notes due 2025 (the “2025 Guaranteed Notes”) and 8.00% Senior Notes due 2027 (the “2027 Guaranteed Notes”).

Transocean Ltd. Announces Amendments to Certain Financing Documents and Internal Reorganization Transactions to Resolve Allegations Contained in Purported Notices of Default

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It's not time to panic, despite these stocks plunging today.

Why Clean Energy Fuels, Pacific Ethanol, and Transocean Dropped Big on Monday

Oil and gas drillers in the United States are likely to continue to add rigs in the shale plays since the pricing environment of the commodity is now gradually getting healthier.

Permian Basin Adds Oil Drilling Rigs for 6 Straight Weeks

The bankruptcy wave in this sector could wash over this industry leader.

This Could Be the Next Oil Stock to Go Bankrupt

Transocean (RIG) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

Transocean (RIG) Catches Eye: Stock Jumps 6.4%

With the new contract extensions, Transocean's (RIG) Deepwater Corcovado and Deepwater Mykonos drillships will carry on with operations in Brazil.

Transocean (RIG) Adds $297M to Backlog Via Contract Expansions

Sure, oil prices have been edging higher, but Transocean's price move was huge. Here are some thoughts on what's going on.

Why Transocean Stock Skyrocketed Nearly 50% at the Open Today

The tally for oil and gas rigs in the United States declined for the first time in 10 weeks even though oil price has improved significantly over the past few months.

Permian Basin Adds Oil Drilling Rigs for 5 Straight Weeks

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STEINHAUSEN, Switzerland, Nov. 18, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Petrobras has exercised a 680-day preexisting, fixed price option for the Deepwater Corcovado, and a 815-day preexisting, fixed price option for the Deepwater Mykonos. Together these contract extensions add approximately $297 million to Transocean's industry leading backlog. Both rigs will continue to operate in Brazil and are subject to annual indexed dayrate escalations.

News for Transocean Stock (RIG)