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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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.

Transocean Ltd. Announces Deepwater Corcovado, Deepwater Mykonos Contract Extensions

Oil prices jumped and that gave a boost to Transocean's stock. But that's just a tap-on effect.

Why Transocean Stock Rallied 13.5% at the Open Today

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Transocean's (RIG) Ultra-deepwater floaters contribute to 63.4% of its total contract drilling revenues in Q3 while Harsh Environment floaters add up the rest.

Transocean (RIG) Stock Jumps 52.8% Since Q3 Earnings Release

Transocean (RIG) CEO, Jeremy Thigpen on Q3 2020 Results - Earnings Call Transcript

Transocean Ltd.'s (RIG) CEO Jeremy Thigpen On Q3 2020 Results - Quick Version Earnings Call Transcript

The company reported earnings and investors were obviously very pleased... at least for a little while.

Why Transocean Stock Jumped 30% in the First Hour Today

Shares of Transocean (NYSE:RIG) rose 2.79% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were up 71.05% over the past year to ($0.11), which beat the estimate of ($0.13).

Transocean: Q3 Earnings Insights

Transocean (RIG) anticipates third-quarter adjusted contract drilling revenues of roughly $800 million, essentially unchanged from the year-ago figure.

Will Revenue Efficiency Aid Transocean (RIG) Q3 Earnings?

STEINHAUSEN, Switzerland, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today on behalf of Transocean Inc., its wholly-owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), the results to date of the Company's previously announced tender offers (collectively, the “Offers” and each, an “Offer”) to purchase for cash (i) any and all of its outstanding 6.500% Senior Notes due 2020 (the “2020 Notes”) and (ii) up to the Maximum Amount (as defined below) of (a) its outstanding 6.375% Senior Notes due 2021 (the “2021 Notes”), 3.800% Senior Notes due 2022 (the “2022 Notes”) and 7.250% Senior Notes due 2025 (the “2025 Notes”) and (b) the 5.375% Senior Secured Notes due 2023 issued by Transocean Sentry Limited, a wholly-owned subsidiary of Transocean Ltd. (the “Sentry Notes” and, collectively with the 2021 Notes, the 2022 Notes and the 2025 Notes, the “Capped Notes” and, collectively with the 2020 Notes, the “Notes” and, each series, a “series of Notes”), in each case, from holders thereof (collectively, the “Holders” and each, a “Holder”). The Aggregate Purchase Price (as defined below) for Capped Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Offers will not exceed $200.0 million (subject to increase or decrease by the Company in its sole discretion, subject to applicable law, the “Maximum Amount”). The Offers are being made pursuant to an Offer to Purchase, dated October 13, 2020 (the “Offer to Purchase”).

Transocean Ltd. Announces Early Results of Cash Tender Offers and Extends Offer of Total Consideration Through Expiration Time

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Oil & Gas Drillers Add Highest Rig in US Since 2020 Begining

STEINHAUSEN, Switzerland, Oct. 16, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it received formal notice from the New York Stock Exchange (the “NYSE”) of non-compliance with NYSE continued listing standards. Transocean received the notice because the average closing price of its shares fell below the minimum of $1.00 per share during a consecutive 30 trading-day period. The Company is in compliance with all other NYSE continued listing standards.

Transocean Ltd. Receives NYSE Continued Listing Standard Notice

STEINHAUSEN, Switzerland, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the third quarter of 2020, after markets close on Monday, November 2, 2020.

Transocean Ltd. Announces Third Quarter 2020 Earnings Release Date

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US Oil & Gas Rig Tally Increases, Permian Witnesses Rebound

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

Implied Volatility Surging for Transocean (RIG) Stock Options

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Since economies are reopening, most analysts opine that the weekly rig count will continue to increase.

US Oil & Gas Rig Tally Increases in 3 of 5 Weeks

Shares of Transocean Ltd. RIG, +5.94% dropped 1.9% in premarket trading Wednesday, after a long-time bull downgraded the oil services company, saying the company is "not immune" as the offshore industry's challenges are likely to persist.

Transocean's stock drops after long-time bull downgrades, slashes price target

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STEINHAUSEN, Switzerland, Sept.  09, 2020  (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today the final results of the previously announced offers (the “Exchange Offers”) by Transocean Inc., its wholly-owned subsidiary (together with Transocean Ltd., “Transocean”), to exchange the existing notes set forth in the table below (collectively, the “Existing Notes”) for 11.50% Senior Guaranteed Notes due 2027 (the “New 2027 Senior Guaranteed Notes”) to be issued by Transocean Inc. The Exchange Offers were made pursuant to the Exchange Offer Memorandum and Consent Solicitation Statement, dated August 10, 2020 (as supplemented, the “Exchange Offer Memorandum”).

News for Transocean Stock (RIG)