TransoceanNYSE: RIG

Transocean's (RIG) newbuild ultra-deepwater drillship begins its first assignment for Petrobras, offshore Brazil, at a day rate of $448,000.

Transocean (RIG) secures a $188 million contract extension with Hess for Deepwater Asgard drillship in the U.S. Gulf of Mexico, reinforcing its offshore drilling leadership in harsh environments.

STEINHAUSEN, Switzerland, June 26, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico. The program is expected to commence in direct continuation of the rig's current program and is estimated to contribute approximately $188 million in backlog, including additional services.

Transocean's (RIG) contract extensions for its semisubmersible rigs reinforce its confidence in the high-specification harsh environment market's positive outlook.

STEINHAUSEN, Switzerland, June 04, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract fixtures for three of its harsh environment semisubmersibles. Together, the fixtures represent approximately $161 million in firm contract backlog.

Transocean (RIG) reported earnings 30 days ago. What's next for the stock?

Transocean (RIG) expects yearly O&M costs to fall between $2.2 billion and $2.3 billion, along with general and administrative expenses totaling $210 million for the entire year of 2024.

Transocean reported a quarterly loss of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This is an improvement from the loss of $0.38 per share reported a year ago.

Transocean's Transocean Enabler rig has recently been awarded a contract for 19 wells, with the possibility of eight more wells. Equinor has been utilizing this rig for an extended period.