4.7600 -0.01 (-0.21%)
After hours: 7:30PM EDT
|Bid||4.7200 x 29200|
|Ask||4.7600 x 40700|
|Day's Range||4.4522 - 4.8150|
|52 Week Range||3.7600 - 11.7000|
|Beta (3Y Monthly)||2.19|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.76|
Transocean Ltd. (RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. Since its last report Transocean added approximately $75 million in contract backlog, bringing total backlog to $10.8 billion. The report can be accessed on the company’s website: www.deepwater.com.
The big shareholder groups in Transocean Ltd. (NYSE:RIG) have power over the company. Large companies usually have...
ConocoPhillips (COP) entered into an agreement to sell some of its portfolio in Australia for $1.39 billion. Meanwhile, downstream major Phillips 66 (PSX) launched a $3 billion new buyback program.
ExxonMobil (XOM) and Royal Dutch Shell (RDS.A) issued updates on their upcoming Q3 earnings. Meanwhile, ConocoPhillips (COP) announced a 38% dividend hike combined with a $3 billion share repurchase.
Transocean's (RIG) vital technological breakthrough via its operational and safety upgrade aims at lowering the usual fuel consumption by 14%, thereby curbing the toxic NOx and CO2 emissions.
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Transocean Ltd. (RIG) announced today that it has successfully deployed the world’s first hybrid energy storage system aboard a floating drilling unit. The system is now operational on the Transocean Spitsbergen, engaged in drilling operations at the Snorre field in Norway. Transocean’s patented1 hybrid power technology, developed in partnership with Aspin Kemp and Associates, reduces fuel consumption and increases a dynamically positioned rig’s station-keeping reliability by capturing energy generated during normal rig operations that would otherwise be wasted, and storing it in batteries. This energy is then used to power the rig’s thrusters. This important operational and safety enhancement targets a 14% reduction in fuel use during normal operations, leading to a significant reduction in NOx and CO2 emissions.
BP plc (BP) sealed an estimated $9.61 billion worth of gas deal with a South Korean buyer, while ExxonMobil (XOM) signed an agreement to divest its oil and gas business in Norway for $4.5 billion.
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Domestic drillers may continue to lower rigs in the oil patches as they have a conservative capital budget for 2019 and the crude pricing scenario is weak.
Transocean Ltd. (RIG) announced today that it will report earnings for the third quarter of 2019, on Monday, October 28, 2019, following the close of trading on the NYSE. Individuals who wish to participate should dial +1 334-777-6978 and refer to conference code 6385237 approximately 10 minutes prior to the scheduled start time. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells.
The Zacks Analyst Blog Highlights: Diamond Offshore, Noble, Helmerich & Payne, Independence Contract and Transocean
Low oil price, conservative upstream capital budget and regulatory hurdles can keep affecting the drilling industry. However, cost reduction and efficiency gains can aid the industry.
Natural gas company Tellurian (TELL) signed an MOU with India's Petronet to sell 18% stake in its proposed Driftwood LNG terminal and export 5 million tons of LNG a year from it for 40 years.
Given a scenario wherein the drillship contract gets through, Transocean (RIG) will then shell out an astronomical $1.1 billion including payments to SHI plus transportation and raw material costs.
Transocean Ltd revealed Monday that two of its indirect, wholly-owned subsidiaries will relinquish their respective interests in two drillships under construction.
Transocean Ltd. (RIG) announced today that two of its indirect, wholly-owned subsidiaries will relinquish their respective interests in two drillships under construction – the Ocean Rig Santorini and the Ocean Rig Crete (the “Drillships”) – to Samsung Heavy Industries Co., Ltd. (“SHI”). Upon relinquishment of the Drillships, Transocean’s indirect, wholly-owned subsidiaries will not make further payments to SHI under the construction contracts. The total estimated future costs associated with the delivery and placing the Drillships into service would have been approximately $1.1 billion, which includes future payments to SHI under the construction contracts and costs related to spares, materials and supplies, and to the commissioning and mobilization of the rigs.
Midstream biggie Energy Transfer (ET) said on Monday it would buy SemGroup (SEMG) for $5.1 billion. Meanwhile, supermajor ExxonMobil (XOM) confirmed its 14th oil discovery off the coast of Guyana.