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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.

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
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none
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Rhea-AI Summary
Transocean Ltd. has been awarded a 1,080-day contract for a high-specification seventh-generation, ultra-deepwater drillship in the Gulf of Mexico offshore Mexico. The contract is expected to contribute approximately $518 million in backlog and will commence between the fourth quarter of 2025 and second quarter of 2026. The dayrate is subject to a semi-annual cost adjustment mechanism. CEO Jeremy Thigpen sees this award as a positive sign of the tightness in the market and the flexibility it provides for optimizing the utilization of their drillship fleet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.81%
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none
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Rhea-AI Summary
Transocean Ltd. (NYSE: RIG) will report Q2 2023 earnings on July 31, 2023. A teleconference to discuss the results will be held on August 1, 2023. The replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.81%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.77%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
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partnership
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
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management
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Rhea-AI Summary
Transocean Ltd. reports a net loss of $465 million for Q1 2023, with adjusted net loss of $275 million. Contract drilling revenues increased by $43 million to $649 million. Revenue efficiency was 97.8%. Operating and maintenance expense decreased to $409 million. Contract backlog is $8.6 billion. CEO Jeremy Thigpen praises the team's performance and highlights the secured contracts for the harsh environment fleet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.7%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
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Transocean Ltd

NYSE:RIG

RIG Rankings

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.