STEINHAUSEN, Switzerland, May 01, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today that its wholly owned and indirect subsidiary, Transocean Titan Financing Limited (the "Company" and, together with Transocean Ltd., "Transocean"), is soliciting consents ("Consents" and, such solicitation being referred to herein as, the "Consent Solicitation") from holders (the "Holders") of its outstanding 8.375% Senior Secured Notes due 2028 (the "Notes") as of 5:00 p.m. New York City time, on April 29, ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 001-38373 Transocean Ltd. (Exact name of registrant as specified in its charter) Switzerland 98-059991 ...

Transocean Ltd. (NYSE:RIG) Q1 2024 Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants Alison Johnson - Director, IR Jeremy Thigpen - CEO Keelan Adamson - President and COO Mark Mey - EVP and CFO Roddie Mackenzie - EVP and CCO Conference Call Participants Kurt Hallead - Benchmark Eddie Kim - Barclays Doug Becker - Capital One Fredrik Stene - Clarkson Securities Arun Jayaram - JPMorgan David Smith - Pickering Energy Partners Operator Good day, everyone, and welcome to today's Q1 2024 Tran ...

Transocean (RIG) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 76.92%. A quarter ago, it was expected that this offshore oil and gas drilling contractor would post a loss of $0.22 per share when it actually produced a loss of $0.09, delivering a surprise of 59.09%.Over the last four quarter ...

EXHIBIT 99.1 STEINHAUSEN, Switzerland—April 29, 2024—Transocean Ltd. (NYSE: RIG) today reported a net income attributable to controlling interest of $98 million, $0.11 per diluted share, for the three months ended March 31, 2024. First quarter results included net favorable items of $120 million, $0.14 per diluted share, primarily due to $121 million discrete tax items, net. After consideration of these net favorable items, first quarter 2024 adjusted net loss was $22 million, $0.03 per diluted share. Contr ...

Transocean Limited (RIG) owned semi-submersible rig, Transocean Enabler, has received the green light from the Norwegian regulator to be used by Equinor ASA (EQNR) for production drilling/completion and exploration drilling in the Barents Sea. Equinor has received the permission from the Norwegian Ocean Industry Authority (Havtil) to proceed with drilling operations at Johan Castberg field.The Transocean Enabler rig, which is responsible for the execution of the project, is a CAT D (GVA 4000 NCS) type rig. ...

Group 1: Contract Extensions - Transocean Limited has confirmed contract extensions for two drillships, totaling $248 million [1][2] - The Deepwater Asgard drillship has extended its contract with Hess Corporation for another year at a fixed day rate of $505,000, starting June 2024 [1] - The Deepwater Skyros drillship has secured a three-well option contract extension with TotalEnergies, commencing in July 2025 at a day rate of $400,000 [2] Group 2: Fleet and Operational Details - The Deepwater Asgard is an ultra-deepwater dual-activity drillship with a maximum drilling depth of 40,000 feet and operational capabilities in depths up to 12,000 feet [1] - The Deepwater Skyros is a Samsung 12000 drillship, also with a maximum drilling depth of 40,000 feet and operational in water depths up to 12,000 feet [2] Group 3: Backlog and Market Position - As of April 17, 2024, Transocean's total backlog stands at $8.9 billion, bolstered by $3.2 billion in new contracts added last year due to a drilling market upcycle [2] - The company specializes in offshore drilling services, focusing on deepwater and harsh environment drilling [3]

The market expects Transocean (RIG) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

STEINHAUSEN, Switzerland, April 18, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today on behalf of Transocean Inc., its wholly-owned subsidiary (the "Company" and, together with Transocean Ltd., "Transocean"), the results of the Company's previously announced tender offers to purchase for cash (collectively, the "Offers" and each, an "Offer") any and all of its outstanding 11.50% Senior Guaranteed Notes due 2027 (the "2027 Super Priority Guaranteed Notes") and 7.25% Senior Notes due 2025 ( ...

STEINHAUSEN, Switzerland, April 17, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today the pricing terms of the previously announced cash tender offer by Transocean Inc., its wholly owned subsidiary (the "Company" and, together with Transocean Ltd., "Transocean"), for any and all of the Company's outstanding 11.50% Senior Guaranteed Notes due 2027 (the "2027 Notes") from holders thereof (each, a "Holder" and collectively, the "Holders"). The cash tender offers previously announced for the 2 ...