$RIG (Transocean Ltd.)

$RIG {{ '2016-07-22T10:50:37+0000' | timeago}} • Announcement

$RIG said estimated 2016 out-of-service days rose by a net 155 days due mainly to contract preparation and mobilization associated with Jack Bates and Actinia. Also, the deepwater floater Sedco 702 is classified as held for sale.

$RIG {{ '2017-08-15T14:31:08+0000' | timeago}} • Announcement

$RIG sealed a deal to buy Norway-based Songa Offshore for $1.2Bil, mostly in shares and convertible bonds. The deal can be accretive on an EBITDA basis, and the firm expects expense synergies of approx $40MM. The deal, to be closed by 4Q17, will increase $RIG’s order book by $4.1Bil to $14.3Bil. The offer values Songa shares at 39.7% premium.

$RIG {{ '2017-08-03T17:47:24+0000' | timeago}} • Announcement

Oil driller $RIG reported 2Q17 net loss of $1.69Bil, or  $4.32 per share, compared to $82MM, or $0.22 per share during 2Q16. The results were impacted due to the sale of the entire jackup fleet. Revenue fell 4% to $751MM, from $785MM. Contract drilling revenues fell 23% to $705MM.

$RIG {{ '2017-08-02T21:51:51+0000' | timeago}} • Infographic

$RIG Transocean Earnings AlphaGraphic: Q2 2017 Highlights

$RIG {{ '2017-06-27T12:22:04+0000' | timeago}} • Announcement

$RIG unit Transocean Inc. said it will accept for purchase all notes validly tendered under its cash tender offer to purchase $1.5Bil aggregate principal amount of notes, subject to conditions. Payments for the notes will include accrued and unpaid interest up to the applicable settlement date.

$RIG {{ '2017-05-31T21:07:16+0000' | timeago}} • Announcement

$RIG has completed the sale of its jackup fleet to Borr Drilling Limited for approx $1.35Bil. The sale included the company's 10 high-specification jackups and five jackups under construction in Singapore. $RIG received cash of approx $320MM associated with the sale.

$RIG {{ '2017-05-05T15:31:46+0000' | timeago}} • Announcement

$RIG's indirect subsidiary Transocean Conqueror Limited has closed a private offering of $410MM in senior secured notes with an annual rate of 5.52% and maturing in 2022. The net proceeds of approx $403MM from the notes will be used to partially finance the construction of the rig, Deepwater Conqueror.

$RIG {{ '2017-05-04T19:53:42+0000' | timeago}} • Webcast

$RIG said that on the supply side, one should not look at the absolute number of the supply side. The company has retired 31 rigs from its fleet over the course of the last two-and-a-half years. Additionally, as the time evolves, the company added that it may make the decision on some of its rigs to scrap it.

$RIG {{ '2017-05-03T21:17:50+0000' | timeago}} • Announcement

$RIG reported a dip in 1Q17 earnings as reduced activity and lower revenue efficiency hurt contract drilling revenues. Net income fell to $91MM or $0.23 from $235MM or $0.64 per share last year. Revenue plunged to $785MM from $1.34Bil. Adjusted EPS for the latest quarter was $0.01.

$RIG {{ '2017-04-25T12:39:11+0000' | timeago}} • Announcement

$RIG reported that it's contract backlog is $10.8Bil as of April 24, 2017. The company also added that its Transocean Spitsbergen rig received two contracts from Statoil.

$RIG {{ '2017-04-05T20:40:28+0000' | timeago}} • Announcement

$RIG said the harsh-environment semisubmersible Transocean Spitsbergen received 2 contracts with Statoil. The estimated firm backlog associated with these contracts is $83MM, which excludes performance incentive opportunities, integrated services and mobilization. The initial contract is expected to commence in 3Q17.

$RIG {{ '2017-02-23T15:19:06+0000' | timeago}} • Webcast

$RIG said there is a lot of interest in jackups currently and activity is starting to pick up. The challenge the entire jackup market faces is supply and demand. Another challenge is moving price forward. $RIG believes it will take time to get a meaningful pricing increase across the industry until the supply-demand gap narrows.

$RIG {{ '2017-02-23T15:01:57+0000' | timeago}} • Webcast

$RIG is seeing back-to-back opportunities in Brazil. The company will see its first well drilled in Mexico and with the rounds awarded, there will be some opportunities in 2018. India has become active and $RIG is awaiting announcements from the Reliance tender which is currently being negotiated.

$RIG {{ '2017-02-23T14:33:51+0000' | timeago}} • Webcast

$RIG expects other revenue for 1Q17 to be approx. $45MM. O&M expense is expected to be $360-375MM and G&A expense is expected to be $35-40MM. Capex is expected to be approx. $130MM in 1Q17. For full-year 2017, the revenue efficiency guidance is 95%. Other revenue is expected to be $110MM in 2017.

$RIG {{ '2017-02-23T14:27:18+0000' | timeago}} • Webcast

In 4Q16, $RIG’s contract drilling revenues decreased $93MM sequentially to $793MM due largely to reduced activity and lower day rates. Other revenue increased $161MM sequentially to $181MM due to the rig termination of the Discoverer India.

$RIG {{ '2017-02-23T14:17:40+0000' | timeago}} • Webcast

During 2016, $RIG executed on several initiatives that improved the flexibility of its balance sheet. These included accessing the debt capital markets, deferring delivery of seven new builds into 2020 and acquiring transition partners. These actions solidified $RIG’s liquidity position and provided strategic optionality.

$RIG {{ '2017-02-23T13:26:06+0000' | timeago}} • Announcement

$RIG reported a drop in 4Q16 earnings due to lower revenue. Net income fell to $226MM or $0.60 per share from $611MM or $1.66 per share last year. Revenue dropped to $974MM from $1.85Bil. Adjusted net income was $239MM or $0.63 per share for 4Q16.

$RIG {{ '2017-02-09T22:09:22+0000' | timeago}} • Announcement

$RIG issued a quarterly Fleet Status Report that provides the current status of and contract information for the company's fleet of offshore drilling rigs. As of Feb. 9, 2017, the company's contract backlog was $11.3Bil.

$RIG {{ '2016-12-09T14:53:40+0000' | timeago}} • Announcement

$RIG announced the closing of the acquisition of Transocean Partners. Each outstanding public common unit of Transocean Partners was converted into the right to receive 1.20 shares of $RIG, which issued approx. 23.8MM shares related to the transaction. Transocean Partners' common units were delisted from the NYSE effective December 9, 2016.

$RIG {{ '2016-12-09T11:57:58+0000' | timeago}} • Announcement

$RIG's indirect subsidiary Transocean Proteus Ltd. closed offering of $625MM of 6.25% senior secured notes due 2024. The net proceeds of about $609MM from the Notes will be used primarily for the purpose of partially financing the construction of the Deepwater Proteus.

$RIG {{ '2016-12-06T17:16:20+0000' | timeago}} • Announcement

$RIG said the common unitholders of Transocean Partners LLC approved the merger agreement, as amended, among $RIG, Transocean Partners and certain subsidiaries of $RIG, and the related merger. $RIG expects to issue about 23.8MM shares associated with the transaction. Closing is expected on or around Dec. 9, 2016.

Recent Transcripts

TTI (TETRA Technologies, Inc.)
Wednesday, August 9 2017 - 2:30pm
EGY (Vaalco Energy Inc.)
Wednesday, August 9 2017 - 2:00pm
TESO (Tesco Corporation)
Tuesday, August 8 2017 - 2:00pm
SGY (Stone Energy Corp.)
Tuesday, August 8 2017 - 2:00pm
SWN (Southwestern Energy Company)
Friday, August 4 2017 - 2:00pm
WTI (W&T Offshore Inc.)
Friday, August 4 2017 - 2:00pm
APA (Apache Corp.)
Thursday, August 3 2017 - 6:00pm
UNT (Unit Corporation)
Thursday, August 3 2017 - 3:00pm
OAS (Oasis Petroleum Inc.)
Thursday, August 3 2017 - 3:00pm
RIG (Transocean Ltd.)
Thursday, August 3 2017 - 1:00pm
CHK (Chesapeake Energy Corporation)
Thursday, August 3 2017 - 1:00pm
OIS (Oil States International Inc.)
Monday, July 31 2017 - 3:00pm
ARLP (Alliance Resource Partners LP)
Monday, July 31 2017 - 2:00pm
CVX (Chevron Corporation)
Friday, July 28 2017 - 3:00pm
VLP (Valero Energy Partners LP)
Friday, July 28 2017 - 2:00pm
WFT (Weatherford International plc)
Friday, July 28 2017 - 12:30pm
OII (Oceaneering International, Inc.)
Thursday, July 27 2017 - 3:00pm
CVE (Cenovus Energy Inc.)
Thursday, July 27 2017 - 3:00pm
VET (Vermilion Energy Inc.)
Wednesday, July 26 2017 - 3:00pm
SPN (Superior Energy Services, Inc.)
Wednesday, July 26 2017 - 1:00pm

AlphaGraphics you may like