Headquartered in Turmstrasse 30, ZUG Fiscal year ends December NYSE: RIG deepwater.com
Transocean Ltd. (NYSE: RIG) provides offshore contract drilling services for oil and gas wells, focusing on technically demanding ultra-deepwater and harsh environment drilling. It owns, or holds partial ownership interests in, and operates a fleet of 27 mobile offshore drilling units: 20 ultra-deepwater floaters (drillships) and seven harsh environment semisubmersibles. Revenue comes from dayrate-based drilling contracts with national and international oil companies, including Petrobras, Shell, bp, Chevron, Equinor, ONGC, Reliance Industries, Woodside, Harbour Energy/OMV, OMV Petrom and Santos. Operations span the U.S. Gulf, Brazil, Norway, India, Australia, Mexico, Romania, West Africa and the Eastern Mediterranean. As of November 2, 2026, contract backlog was approximately $8.0 billion. The company has received all regulatory approvals for its business combination with Valaris Limited, with closing expected December 1, 2026. Updated
Nine new fixtures added roughly $2 billion of backlog, pushing 2027 coverage to about 95% even as both lines missed expectations. The Valaris combination closes December 1 with $200 million in targeted annual synergies.
The House GOP conference chair's spouse put the three biggest tickets into defense IT, chlorine chemicals and offshore drilling, each in the $15,000 to $50,000 range, while trimming Seagate. Nine buys across one September stretch, disclosed 28 days after the first trade, lands days after the Senate shelved a congressional trading ban.
Transocean (NYSE:RIG | RIG Price Prediction) reports third-quarter results on Monday, Nov. 2. Shares have climbed 21.38% over the past month to $6.53. Now the earnings report has to back up a…
Offshore oil names are running while the broad market fades this Tuesday midday. Transocean (NYSE:RIG | RIG Price Prediction) is rising 6.24% to $5.79, W&T Offshore (NYSE:WTI) is rallying 6%, and Valaris…
Iran's latest threat against US energy assets in the Gulf sent oil past $91 a barrel, and the money is already rotating into a handful of names before most investors notice the…
Chevron CEO Mike Wirth turned heads at the Milken Institute on May 4, telling the room that “we will start to see physical shortages” as commercial inventories, shadow-fleet tankers, and strategic reserves…
Baker Hughes (NASDAQ:BKR | BKR Price Prediction), Halliburton (NYSE:HAL), and Transocean (NYSE:RIG) are all trading 4% to 5% higher Tuesday as crude oil’s continued strength lifts the entire oilfield services complex. The…
The VanEck Oil Services ETF (NYSEARCA:OIH) gives energy investors broad exposure to the drilling cycle without picking individual stocks in one of the market’s most volatile corners. Right now, that exposure matters.…
Five weeks after JPMorgan included Fortinet (NASDAQ: FTNT | FTNT Price Prediction), Joby Aviation (NYSE: JOBY), and Transocean (NYSE: RIG) among its top short ideas on January 23, 2026, the scorecard is…
Pre-Market Stock Futures: Futures are trading higher after a sluggish start to the holiday-shortened trading week. While stocks started as if it were going to be another risk-off day, they turned positive…
Pre-Market Stock Futures: Futures are trading lower after a follow-through Monday in which all major indices continued the strength we saw last Friday. The Dow Jones Industrials hit a new record high…
In the past week or so, some public offerings prompted huge insider buying. However, these were not the only notable insider purchases recently.
While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.…
There were notable insider purchases in a handful of energy companies last week. Insiders bolstering their stakes included billionaire Carlos Slim and the Dallas Cowboys owner.
An offshore driller, a delivery services provider, and a specialty retailer saw the most notable insider buying in the final week of February.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with…
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with…
Transocean Ltd. (NYSE: RIG) provides offshore contract drilling services for oil and gas wells, focusing on technically demanding ultra-deepwater and harsh environment drilling.
24/7 Wall St.'s 12-month price target for RIG is $7.15, rated Hold. The Wall Street consensus target is $6.56. RIG price prediction →
