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Transocean Ltd - RIG STOCK NEWS

Welcome to our dedicated news page for Transocean (Ticker: RIG), a resource for investors and traders seeking the latest updates and insights on Transocean.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Transocean's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Transocean's position in the market.

News
Transocean Ltd. Announces Results of Tender Offers
Rhea-AI Summary
Transocean announced the results of its tender offers to purchase outstanding 11.50% Senior Guaranteed Notes due 2027 and 7.25% Senior Notes due 2025. $844,367,000 in combined aggregate principal amount of Notes had been validly tendered. The Company intends to accept all the Notes validly tendered and not withdrawn, subject to conditions. Payment will be made on April 18, 2024, for Notes tendered by the Expiration Date and on April 22, 2024, for Notes tendered under guaranteed delivery procedures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
Tags
none
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News
Transocean Ltd. Provides Quarterly Fleet Status Report
Rhea-AI Summary
Transocean issued a quarterly Fleet Status Report, highlighting contract updates for offshore drilling rigs. Key updates include contract extensions and new awards in the U.S. Gulf of Mexico and Angola, contributing to an incremental backlog of $248 million. The total backlog as of April 17, 2024, stands at approximately $8.9 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
Tags
none
-
News
Transocean Ltd. Announces the Pricing Terms of Pending Tender Offer
Rhea-AI Summary
Transocean announced the pricing terms of a cash tender offer for its outstanding 11.50% Senior Guaranteed Notes due 2027. The offer includes the 2027 Notes and the 7.25% Senior Notes due 2025, with an expiration date of April 17, 2024. The Total Consideration for the 2027 Notes is $1,044.94 per $1,000 principal amount, excluding Accrued Interest. Holders will also receive accrued and unpaid interest on the Notes. The Offers are subject to certain conditions and may be amended, extended, or withdrawn at the Company's discretion. Citigroup Global Markets Inc. is the Dealer Manager for the Offers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.89%
Tags
none
News
Transocean Ltd. Announces Pricing of Upsized Private Offering of Senior Notes Due 2029 and Senior Notes Due 2031
Rhea-AI Summary
Transocean (NYSE: RIG) announced a successful private offering of $1.8 billion in Senior Notes due 2029 and 2031. The Notes are guaranteed by Transocean and subsidiaries, with interest rates of 8.250% and 8.500% per annum, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
offering
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News
Transocean Ltd. Announces Proposed Private Offering of Senior Notes Due 2029 and Senior Notes Due 2031
Rhea-AI Summary
Transocean (RIG) announces a private offering of $1.5 billion Senior Notes due 2029 and 2031, with guaranteed senior unsecured basis by the company and its subsidiaries. The proceeds will fund Tender Offers for outstanding notes and other redemptions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.27%
Tags
offering
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News
Transocean Ltd. Announces Cash Tender Offers
Rhea-AI Summary
Transocean (NYSE: RIG) has initiated a cash offer to purchase its outstanding 11.50% Senior Guaranteed Notes due 2027 and 7.25% Senior Notes due 2025 from holders. The offer expires on April 17, 2024, with specific conditions and total consideration details provided. Citigroup Global Markets Inc. is the Dealer Manager for the Offers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.27%
Tags
none
News
Transocean Ltd. Announces First Quarter 2024 Earnings Release Date
Rhea-AI Summary
Transocean (NYSE: RIG) will report earnings for Q1 2024 on April 29, 2024, followed by a teleconference on April 30, 2024, to discuss the results. Participants can join by dialing +1 785-424-1222 with conference code 102568. A replay will be available on the company's website and by phone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.27%
Tags
earnings
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News
Transocean Ltd. Announces $195 Million Ultra-Deepwater Drillship Contract
Rhea-AI Summary
Transocean (NYSE: RIG) extends the contract for the Deepwater Asgard in the U.S. Gulf of Mexico with a total value of $195 million, including extra services and a lump sum payment of $10.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.45%
Tags
none
-
News
Transocean Ltd. Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Transocean Ltd. (RIG) reported a net loss of $104 million for Q4 2023, with adjusted net loss of $74 million. Contract drilling revenues increased to $741 million due to higher fleet revenue efficiency. Full year net loss was $954 million, with adjusted net loss of $739 million. The company added $3.2 billion of backlog in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.5%
Tags
earnings
News
Transocean Ltd. Provides Quarterly Fleet Status Report
Rhea-AI Summary
Transocean Ltd. (RIG) issued a quarterly Fleet Status Report detailing new contracts for its offshore drilling rigs, including a $326 million incremental backlog. The company's total backlog stands at approximately $9 billion as of February 14, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.71%
Tags
none
Stock RIG logo
Transocean Ltd

NYSE:RIG

RIG Rankings

#1232 Ranked by Market Cap
#201 Ranked by Stock Gains
N/A Ranked by Dividends

RIG Stock Data

5.07B
630.40M
11.65%
68.25%
16.13%
Drilling Oil and Gas Wells
Mining, Quarrying, and Oil and Gas Extraction
Link
Switzerland
Steinhausen

About RIG

transocean is a leading international provider of offshore contract drilling services for oil and gas wells. the company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world. building on more than 50 years of experience , our employees are focused on safety and premier offshore drilling performance.