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$RIG {{ '2015-06-22T20:59:22+0000' | timeago}} • SEC

$RIG 1Q15 10-Q: As of April 16, 2015, RIG had six existing drilling contracts that had fixed-price or capped options to extend contract terms, which are exercisable, at the customer’s discretion, any time through their expiration dates.

$RIG {{ '2018-08-30T14:13:16+0000' | timeago}} • Announcement

$RIG Transocean Ltd Earnings AlphaGraphic: Q2 2018 Highlights

$RIG {{ '2018-05-11T13:20:55+0000' | timeago}} • Infographic

$RIG Transocean Earnings AlphaGraphic: Q1 2018 Highlights

$RIG {{ '2017-10-18T14:17:29+0000' | timeago}} • Announcement

$RIG's unit Transocean Inc. closed offering of $750MM of senior unsecured notes due January 2026. It will use proceeds: to repay in full and retire its 2.5% senior notes due Oct. 15, 2017; to redeem all of its 6% senior notes due March 2018 and its 7.375% senior notes due April 2018; to repay Eksportfinans Loans; and for general corporate purposes.

$RIG {{ '2017-10-18T13:42:09+0000' | timeago}} • Announcement

$RIG said that the ultra-deepwater drillship Deepwater Invictus was awarded a two-year contract plus three one-year priced options with a subsidiary of BHP Billiton. The backlog associated with the firm contract is about $106MM. The contract is expected to commence in 2Q18.

$RIG {{ '2017-10-04T12:21:09+0000' | timeago}} • Announcement

Transocean, a subsidiary of offshore drilling services provider $RIG, has started an offering of $750MM aggregate principal amount of senior unsecured notes. The company plans to use the proceeds from the offering to repay its 2.5% senior notes due this month, to redeem other debts and for general corporate purposes.

$RIG {{ '2017-09-22T11:57:33+0000' | timeago}} • Announcement

$RIG announced its intent to retire the ultra-deepwater floaters GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, and Deepwater Pathfinder, and the deepwater floater Transocean Marianas. The company will recognize an impairment charge of about $1.4Bil during 3Q17 associated with these actions.

$RIG {{ '2017-09-22T11:56:46+0000' | timeago}} • Announcement

$RIG announced its intent to retire the ultra-deepwater floaters GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, and Deepwater Pathfinder, and the deepwater floater Transocean Marianas. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. All six rigs were previously cold stacked.

$RIG {{ '2017-09-20T20:49:22+0000' | timeago}} • Announcement

$RIG received a notice of early termination from a subsidiary of $CVX for the ultra-deepwater drillship, Discover Clear Leader, effective Nov. 2017. $RIG will get approx. $148MM. in contract termination fees, which is expected to be received in 4Q17.

$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.

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