Transocean Ltd. Stock News

Transocean is announcing new contracts and reporting record high dayrates. RIG stock is near 52-week lows, and insiders are actively buying the shares. Much of the stock price plunge was due to the non-cash charge due to the sale of two drillships.

STEINHAUSEN, Switzerland, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 365-day contract for the Deepwater Atlas with bp in the U.S. Gulf of Mexico. The contract also provides for a 365-day option. The program is expected to commence in the second quarter of 2028 and contribute approximately $232 million in backlog, excluding a mobilization fee....

Crude oil prices fell by about 7% this week, causing the shares of risky oil companies to plunge. On the plus side, Sable Offshore got news that will put the company back in business by the end of the year.

STEINHAUSEN, Switzerland, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that Reliance Industries Limited awarded a binding Letter of Award for the Dhirubhai Deepwater KG1 for six wells offshore India. The estimated 300-day program is expected to commence in the second quarter of 2026 and is estimated to contribute approximately $123 million in bac...

On Tuesday, shares of leading offshore driller Transocean Ltd. marked new 52-week lows, likely due to a combination of perceived negative company-specific news and a selloff in crude oil. The surprise sale of two warm-stacked 6th generation floaters will result in aggregate proceeds of $342 million but also require an up to $645 million non-cash impairment charge. Essentially, the sale can be v...

Transocean's stock headed lower in early Tuesday trading, after the oil services company said it expects to book impairment charges of more than $600 million for the sale of assets.

When markets start to get choppy, investors typically look for the most affordable stocks that promise some upside potential for the coming quarters. After the S&P 500 had a small version of a “flash crash” triggered by the unwind of the so-called “carry trade” between the Japanese yen and U.S. dollar, a quick recovery signaled markets that things might be better than they seem.

24/7 Wall St. Insights There were notable insider purchases in a handful of energy companies last week, as well as at a leading fintech firm and a casino operator.