Transocean's Deepwater Invictus Begins Offshore Drilling for BP

Transocean Ltd. (RIG) has officially commenced operations for British energy major BP p.l.c. (BP) in the Gulf of America (formerly the U.S. Gulf of Mexico). This milestone marks the beginning of a significant ultra-deepwater drilling project to further tap into the region’s hydrocarbon potential.During the first quarter of 2025, Transocean, currently carrying a Zacks Rank #3 (Hold), reported total adjusted revenues of $906 million, which increased 18.7$763 million. The improv ...