Core Insights - Transocean Ltd. has secured significant new contracts for its ultra-deepwater drillships, adding approximately $243 million to its backlog, which underscores its strong position in the offshore drilling market [1][15]. Group 1: Contracts and Financial Impact - The Deepwater Atlas drillship has received a 365-day contract extension with BP in the U.S. Gulf of America, contributing about $232 million to the backlog [2][9]. - The Deepwater Mykonos drillship has secured a 30-day option extension with Petrobras, expected to add $11 million to the backlog [5][9]. Group 2: Strategic Importance of Contracts - The contract with BP reflects a strong working relationship and highlights the significance of long-term partnerships in the offshore drilling sector [3][4]. - Petrobras' option extension demonstrates confidence in Transocean's capabilities, reinforcing the strategic focus on offshore drilling in Brazil, a key market for oil production [6][7]. Group 3: Market Position and Fleet - Transocean's modern fleet, which includes advanced drillships and rigs, positions the company favorably in a competitive global offshore drilling market [8][10]. - The company’s strategy focuses on securing high-value contracts in critical markets, ensuring a consistent revenue stream and strengthening its financial position [11][12]. Group 4: Future Outlook - Transocean is committed to expanding its market share and maintaining leadership in the offshore drilling industry, particularly in regions like the Gulf of America and Brazil [13][14]. - Ongoing investments in fleet modernization and technological advancements are expected to drive future success and contract opportunities [14].

STEINHAUSEN, Switzerland, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract fixtures for two of its ultra-deepwater drillships. In aggregate, the fixtures represent approximately $243 million in firm contract backlog. In the U.S. Gulf of America, bp exercised a 365-day option for the Deepwater Atlas in direct continuation of its firm contract. The program is expected to contribute approximately $232 million in backlog. In Brazil, Petrobras exercised a 30- ...

Group 1 - The article introduces No Calculator Investing as a new contributing analyst for Seeking Alpha, encouraging individuals to share their investment ideas for publication and potential earnings [1] - The focus of the new analyst is on asymmetric investment opportunities, where the potential upside significantly outweighs the downside, despite uncertainties in timing or path [2] - The article emphasizes the importance of uncovering overlooked opportunities for strong long-term returns in the investment landscape [2] Group 2 - The analyst has disclosed a beneficial long position in the shares of RIG, indicating a personal investment interest in the company [3] - Seeking Alpha clarifies that past performance does not guarantee future results and that no specific investment recommendations are being made [4] - The platform highlights that its analysts include both professional and individual investors, who may not be licensed or certified by any regulatory body [4]

Core Viewpoint - Transocean Ltd. has announced a private offering of $500 million in Senior Priority Guaranteed Notes due 2032, with an interest rate of 7.875% per annum, aimed at refinancing existing debt and funding a cash tender offer for certain outstanding notes [1][2]. Group 1: Notes Offering Details - The Notes Offering is expected to close around October 15, 2025, subject to customary closing conditions [2]. - The proceeds from the Notes Offering will be used to refinance the remaining principal of 8.00% Senior Notes due February 2027 and the principal of 6.875% Senior Secured Notes due 2027, as well as to fund a cash tender offer for up to $50 million of outstanding 7.35% Senior Notes due December 2041 and 7.00% Notes due June 2028 [2]. Group 2: Company Overview - Transocean is a leading international provider of offshore contract drilling services, focusing on technically demanding sectors such as ultra-deepwater and harsh environment drilling [5]. - The company operates a fleet of 27 mobile offshore drilling units, including 20 ultra-deepwater floaters and seven harsh environment floaters [6].

STEINHAUSEN, Switzerland, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced that Transocean International Limited, a Bermuda exempted company limited by shares (the “Company”) and a wholly owned subsidiary of Transocean Ltd., a Swiss corporation (“Transocean”), has commenced a cash tender offer (the “Tender Offer”) to purchase up to an aggregate principal amount of its outstanding notes listed in the table below (collectively, the “Notes”) for a combined aggregate purchase price of up ...

Core Viewpoint - Transocean Ltd. has initiated a private offering of $500 million in Senior Priority Guaranteed Notes due 2032 to refinance existing debt and fund a cash tender offer for certain outstanding notes [1][2]. Group 1: Notes Offering Details - The offering consists of $500 million aggregate principal amount of Senior Priority Guaranteed Notes due 2032, guaranteed on a senior unsecured basis by Transocean Ltd. and certain subsidiaries [1]. - The timing and terms of the Notes are contingent on market conditions [2]. - Proceeds from the offering will be used to refinance the remaining principal of 8.00% Senior Notes due February 2027 and 6.875% Senior Secured Notes due 2027, as well as to fund a cash tender offer for up to $50 million of outstanding 7.35% Senior Notes due December 2041 and 7.00% Notes due June 2028 [2]. Group 2: Company Overview - Transocean is a leading international provider of offshore contract drilling services, focusing on ultra-deepwater and harsh environment drilling [5]. - The company operates a fleet of 27 mobile offshore drilling units, including 20 ultra-deepwater floaters and seven harsh environment floaters [6].

UKRAINE - 2019/04/05: In this photo illustration a Transocean Ltd logo seen displayed on a smart phone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)LightRocket via Getty ImagesThe shares of Transocean Ltd. (NYSE: RIG), one of the largest offshore drilling contractors globally, have faced significant pressure. Recently, the stock dropped to approximately $3.16, which is down 20% year-to-date, and it now trades at less than one-third of its highs from 2022. With a market cap ...

Group 1 - Transocean Ltd. (NYSE:RIG) experienced a share price decline of 8.67% from September 18 to September 25, 2025, making it one of the worst-performing energy stocks during that week [1] - The company announced a public offering of 125 million shares at a price of $3.05 per share, aiming to raise approximately $381.25 million in gross proceeds before expenses [3] - The underwriters were granted a 30-day option to purchase an additional 18.75 million shares at the public offering price, which will be used for debt repayment and general corporate purposes [4]

Core Insights - Transocean Ltd (RIG) shares increased by 21% over the past three months, outperforming the Zacks Oil & Gas-Drilling sub-industry growth of 18.9% and the broader Oil & Energy sector's increase of 5.9% [1][5] Performance Overview - RIG's stock has shown strong performance relative to its peers, indicating a leading position within the oil and gas drilling sector [1][5] Earnings Estimates - The Zacks Consensus Estimate for RIG's earnings per share has remained stable for fiscal 2025, while it has been revised downward by 11.76% for fiscal 2026, suggesting stable near-term prospects but uncertainties for the longer term [6] Strengths Supporting the Stock - RIG operates a premier high-specification fleet, catering to complex demands in ultra-deepwater and harsh environments, allowing it to command premium day rates [7] - The company has an industry-leading backlog of approximately $7 billion, providing significant revenue visibility and stability [8] - RIG is implementing disciplined cost management strategies, aiming to reduce cash costs by $100 million annually in 2025 and 2026, which is expected to improve profitability [9] - The management has a clear plan to reduce debt by over $700 million in 2025, enhancing financial resilience [10] Headwinds Impacting Performance - There is current market softness leading to a moderation in day rates, which may impact revenues and profitability until a market recovery is anticipated in late 2026 [11] - RIG's future demand growth is concentrated in specific regions, making it vulnerable to geopolitical instability and regulatory changes [12] - Execution risks are associated with the ambitious cost-saving initiatives, which could affect operational performance if not managed properly [13] - The company carries a significant debt load of $5.9 billion, with high interest expenses that limit financial flexibility [14] Conclusion - RIG's competitive edge is supported by its advanced fleet and substantial backlog, while disciplined cost management and debt reduction plans bolster its financial position [15] - However, near-term market challenges and reliance on specific regions and clients introduce risks that could affect performance [16]

We recently published 10 Big Names Investors Are Dumping. Transocean Ltd. (NYSE:RIG) is one of the companies that heavily bled in Thursday’s trading. Transoceanic snapped a three-day winning streak on Thursday, slashing 13.19 percent to close at $3.16 apiece as investor sentiment was dampened by plans to raise $381 million through a discounted share sale. In an updated announcement, Transocean Ltd. (NYSE:RIG) said that it plans to issue 125 million shares at a price of $3.05 apiece, lower by 3.5 percent ...