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Transocean Ltd. Announces $531 Million Ultra-Deepwater Drillship Contract
Newsfilter· 2024-07-31 10:30
STEINHAUSEN, Switzerland, July 31, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) ("Transocean") today announced a 1,095-day contract for the Deepwater Invictus with bp in the U.S. Gulf of Mexico. The program is expected to commence in the first quarter of 2025 and is estimated to contribute approximately $531 million in backlog, excluding additional services and a mobilization fee. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas we ...
Transocean Ltd. Announces $531 Million Ultra-Deepwater Drillship Contract
GlobeNewswire News Room· 2024-07-31 10:30
STEINHAUSEN, Switzerland, July 31, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 1,095-day contract for the Deepwater Invictus with bp in the U.S. Gulf of Mexico. The program is expected to commence in the first quarter of 2025 and is estimated to contribute approximately $531 million in backlog, excluding additional services and a mobilization fee. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas w ...
Nestle Is A Buy After Real Growth Is Back
Seeking Alpha· 2024-07-27 11:30
robtek Nestle (OTCPK:NSRGY) stock has been battered lately by more than 6% and is down almost 30% since highs achieved at the end of 2021. This is, in my opinion, quite paradoxical because the stock is finally seeing some real volume growth coming back again instead of just price increases caused by inflation worldwide. Investors, at this point, seem not to care, but from this price point, I think the stock is a good buy, especially if you consider lower interest rates arriving in the near future, togeth ...
Transocean Is Struggling With Free Cash Flow
Gurufocus· 2024-07-19 13:00
Transocean Ltd. (RIG, Financial) released its first-quarter 2024 results and its latest fleet status report in April. The contract backlog was $8.90 billion, down from $9 billion in the preceding quarter. However, the company has been awarded a few more contracts since then. For instance, on June 4, the company announced that three harsh-environment semi-subs (Transocean Spitsbergen, Transocean Norge and Transocean Endurance) were contracted for $161 million. Later that month, on June 26, it revealed that D ...
Transocean Ltd. Announces Second Quarter 2024 Earnings Release Date
Newsfilter· 2024-07-17 20:33
STEINHAUSEN, Switzerland, July 17, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today that it will report earnings for the second quarter 2024 on Wednesday, July 31, 2024. The company will conduct a teleconference to discuss the results starting at 11 a.m. EDT, 5 p.m. CEST, on Thursday, August 1, 2024. Individuals who wish to participate should dial +1 785-424-1222 approximately 15 minutes prior to the scheduled start time and refer to conference code 119567. The teleconference will be simu ...
Transocean Ltd. Announces Second Quarter 2024 Earnings Release Date
GlobeNewswire News Room· 2024-07-17 20:33
STEINHAUSEN, Switzerland, July 17, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the second quarter 2024 on Wednesday, July 31, 2024. The company will conduct a teleconference to discuss the results starting at 11 a.m. EDT, 5 p.m. CEST, on Thursday, August 1, 2024. Individuals who wish to participate should dial +1 785-424-1222 approximately 15 minutes prior to the scheduled start time and refer to conference code 119567. The teleconference will be sim ...
Transocean's (RIG) Asgard Secures $188M Deal Extension
ZACKS· 2024-06-27 15:21
Transocean Ltd. (RIG) , an offshore drilling contractor, has secured another significant contract extension for its Deepwater Asgard drillship with Hess Corporation (HES) , a U.S. oil and gas exploration and production company. This extension, valued at $188 million, ensures the drillship will continue its operations in the U.S. Gulf of Mexico for another year. The contract is expected to begin immediately following the conclusion of the rig’s current program.Overview of Deepwater AsgardSpecifications and C ...
NEVADA KING MOBILIZES DRILL RIG TO EAST RIDGE TARGET TO TEST AT-SURFACE, COINCIDENT GEOPHYSICAL AND GEOCHEMICAL ANOMALY AT ATLANTA
Prnewswire· 2024-06-26 11:30
Highlights:Drilling at the ERT will initially occur at six sites along newly constructed roads to test for depth and strike extensions of gold surface anomalies that were identified by the Company through a 2021 surface mapping and sampling program. High angle faults and strongly altered intrusive dikes are present at surface with several gold rock chip and soil samples exceeding 2 g/t Au, as shown in Figure 2. Results from the Company's CSAMT (Controlled-Source Audio-Frequency Magnetotellurics) geophysical ...
Transocean (RIG) Sells Deepwater Nautilus Floater for $53.5M
ZACKS· 2024-06-26 11:10
Transocean Ltd. (RIG) , the Swiss offshore contract drilling service provider, has reached an agreement with an undisclosed customer to sell one of its ultra-deepwater floaters. This strategic move marks a significant development in the company's ongoing efforts to streamline its asset portfolio.Sale Details of the Deepwater NautilusThe Agreement Overview: Transocean has disclosed in a recent U.S. Securities and Exchange Commission (“SEC”) filing that the oil and gas drilling company has agreed to sell its ...
Transocean Ltd. Announces $188 Million Ultra-Deepwater Drillship Contract Extension
Newsfilter· 2024-06-26 10:31
STEINHAUSEN, Switzerland, June 26, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) ("Transocean") today announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico. The program is expected to commence in direct continuation of the rig's current program and is estimated to contribute approximately $188 million in backlog, including additional services. About Transocean Transocean is a leading international provider of offshore contract drilling ...