RIG News and Press, Transocean Ltd From 06/11/24

2024-06-11 09:33:05 ET Summary Schlumberger is less significantly impacted than its competitors by the big drop in US rigs because its focus is more international. Still, the company is experiencing consolidation in its customer base due to the extraordinary M&A activity among...

2024-06-10 17:08:13 ET Summary Noble Corporation is acquiring Diamond Offshore Drilling in a cash and stock transaction worth over $2 billion. The deal is expected to create operating synergies and make Noble Corporation a larger player in the offshore drilling industry. Share...

2024-06-09 07:28:30 ET Summary Last month, leading offshore driller Borr Drilling reported Q1/2024 results somewhat below estimates due to a combination of slightly lower-than-expected revenues and higher financial and tax expenses. Adjusted EBITDA margin of 49.9% reached new all-...

2024-06-07 16:43:26 ET Oil prices dropped like a rock this week and that hit oil-related stocks hard. Ironically, it was OPEC+ extending production cuts that sent oil lower, which seems a little backward. According to data provided by S&P Global Market Intelligence , shares of ...

2024-06-04 21:36:14 ET Summary News of OPEC+ phasing out voluntary production cuts later this year caused crude oil prices to tumble to new four-month lows. Not surprisingly, offshore drilling stocks have sold off alongside the commodity, with highly leveraged market leader Transo...

2024-06-04 09:36:26 ET More on Transocean Transocean Stock: The Good News Is Ignored Transocean Breaks $500K Dayrates, But Several Issues Linger Transocean: Stock Sells Off On Underwhelming Results And Guidance - Hold Read the full article on Seeking Alpha ...

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. In ...

2024-05-30 14:02:51 ET The Russell 3000 Index has released a preliminary list of additions and deletions as part of its annual reconstitution, where about 225 securities are expected to be added and 144 securities to be deleted.... Read the full article on Seeking Alpha For furt...

2024-05-15 16:57:02 ET Paul Singer's Elliott Management took new positions in Nvidia ( NASDAQ: NVDA ), with 5K shares, Transocean ( NYSE: RIG ), with 9.75M shares, and iShares Bitcoin Trust ETF ( NASDAQ: IBIT ), with 296K shares, during Q1 2024, according to the hedg...

2024-05-10 10:53:54 ET Summary Transocean's quarterly earnings announcement caused the stock to drop by over 10%, but the market's reaction was exaggerated. The company's results have improved compared to previous quarters, with increased demand for harsh-environment floaters. ...