Welcome to our dedicated page for Transocean news (Ticker: RIG), a resource for investors and traders seeking the latest updates and insights on Transocean stock.
Transocean Ltd. reports developments in offshore contract drilling services for oil and gas wells. The company operates in technically demanding offshore markets, with a focus on ultra-deepwater drilling and harsh-environment semisubmersible operations. Its updates commonly address drillship and semisubmersible contracts, customer options, fleet status reports, operating uptime, dayrate trends, and contract backlog across regions such as Brazil, Norway and Australia.
Recurring news for Transocean also covers quarterly and annual financial results, cash flow, liquidity, debt retirement and other capital-structure actions tied to its offshore rig fleet and long-term drilling contracts.
Transocean (NYSE:RIG) will release its second quarter 2026 earnings and issue a fleet status report on Wednesday, August 5, 2026, after the NYSE close.
The company will host a teleconference on Thursday, August 6, 2026, with live and replay access via phone and webcast.
Transocean (NYSE:RIG) agreed with Equinor, subject to license approvals, to use three harsh-environment semisubmersible rigs on the Norwegian shelf. The deal adds over $1 billion in contract backlog over seven rig years, with a base day rate of $399,000, expected to exceed $400,000 at commencement.
The agreement covers three Cat D rigs purpose-built for Equinor: Transocean Enabler (three-year program starting Q1 2028), Transocean Encourage (two-year program starting Q1 2028), and Transocean Endurance (two-year program starting Q2 2027 after mobilization from Australia).
Transocean (NYSE:RIG) announced new contract awards totaling about $185 million in firm backlog for two harsh environment semisubmersibles.
Transocean Norge received a five-well contract from Harbour Energy in Norway, adding roughly $149 million over an estimated 300 days starting in Q1 2028, plus three one-well options.
Transocean Equinox secured a two-well contract with Santos in Australia, contributing about $36 million over 90 days beginning in Q2 2027, with five one-well options.
Gulfport Energy (NYSE: GPOR) appointed Domenic J. Dell’Osso, Jr. as President and Chief Executive Officer, effective May 28, 2026. The board cited his 20+ years of energy experience and track record leading companies through transformation. Mr. Dell’Osso previously served as CEO of Expand Energy (NASDAQ: EXE).
Transocean (NYSE: RIG) reported Q1 2026 results: contract drilling revenues $1.08 billion, revenue efficiency 97.3% and net income $71 million ($0.06 diluted/share). Adjusted EBITDA was $440 million with a margin of ~40.7% and Free Cash Flow $136 million. The company retired $358 million of Deepwater Titan notes, ending the period with $1.125 billion total liquidity. It added ~$1.6 billion of backlog, bringing total backlog to approximately $7.1 billion. Guidance: Q2 2026 revenue $930–970 million; FY26 revenue $3.8–3.9 billion.
Transocean (NYSE: RIG) issued a quarterly Fleet Status Report dated May 4, 2026, detailing recent contract fixtures and fleet contract status.
Key updates: a 1,095-day contract for Transocean Barents with Vår Energi, multiple extensions with Petrobras totaling three multi-year fixtures and one one-year extension, a five-well contract for Deepwater Asgard, an aggregate incremental backlog of approximately $1.6 billion, and a total backlog of about $7.1 billion.
Transocean (NYSE: RIG) announced a five-well contract for the ultra-deepwater drillship Deepwater Asgard in the Eastern Mediterranean, adding approximately $158 million of backlog. The estimated 390-day campaign is expected to begin in Q4 2026, with backlog additions of about $1.6 billion since early April when including other fixtures.
The award excludes additional services and mobilization/demobilization compensation; the operator was not disclosed.
Transocean (NYSE: RIG) said the ultra-deepwater drillship Deepwater Corcovado received a 1,156-day contract extension with Petrobras, adding roughly $445 million of incremental backlog and committing the rig through November 2030.
The company also said existing backlog will be reduced by about $20 million from April 1, 2026 until the new contract begins in September 2027 (approximately 525 days).
Transocean (NYSE: RIG) announced contract awards and debt retirement totaling about $1.0 billion in incremental firm backlog and a senior notes payoff. Key awards include the Transocean Barents 1,095-day Norway contract (~$490M backlog) and extensions for Deepwater Orion (~$420M) and Deepwater Aquila (~$160M).
The company retired the $358M 8.375% senior secured Titan Notes on March 20, 2026, saving ~$39M interest to maturity and expects to retire $0.75B of debt in 2026.
Transocean (NYSE: RIG) reported 2025 results with contract drilling revenues of $3.965 billion (up 13%) and Adjusted EBITDA of $1.37 billion (up 19%). The company recorded a net loss of $2.915 billion ($3.04/diluted share) driven by impairment charges, reduced total debt to $5.686 billion and reported total backlog of about $6.1 billion as of Feb 19, 2026.
The firm reported free cash flow of $626 million, cash from operations of $749 million, added $839 million of contract backlog at a $453,000 weighted dayrate, and provided 1Q26 and FY26 guidance ranges.