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Transocean ltd (NYSE: RIG) |
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Price: $3.8500
$-0.01 
-0.259%
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| Day's High:
| $3.94
| Week Perf:
| -5.17 %
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| Day's Low: |
$ 3.83 |
30 Day Perf: |
9.07 % |
| Volume (M): |
20,090 |
52 Wk High: |
$ 6.88 |
| Volume (M$): |
$ 77,347 |
52 Wk Avg: |
$4.95 |
| Open: |
$3.86 |
52 Wk Low: |
$3.40 |
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| Market Capitalization (Millions $) |
3,673 |
| Shares
Outstanding (Millions) |
954 |
| Employees |
6,000 |
| Revenues (TTM) (Millions $) |
3,313 |
| Net Income (TTM) (Millions $) |
-623 |
| Cash Flow (TTM) (Millions $) |
-8 |
| Capital Exp. (TTM) (Millions $) |
445 |
Transocean Ltd
Transocean'Inc.,'is'a'leading'international'provider'of'offshore'contract drilling
services'for'oil'and'gas'wells.'As of March 1, 2004, we owned, had partial ownership'
interests in or operated 96 mobile offshore drilling units, excluding the'fleet
of TODCO,'a'publicly traded drilling company in which'we'own'a'majority interest.
As of this date, our fleet consisted of 32 High-Specification'semisubmersibles'
and'drillships'("floaters"),'26'Other Floaters,'26'Jackup Rigs and 12
Other Rigs.
Our mobile offshore drilling fleet is considered one of the most modern and
versatile'fleets'in'the'world.'Our'primary'business'is to contract these drilling'
rigs, related equipment and work crews primarily on a dayrate basis to drill'
oil and gas wells. We specialize in technically demanding segments of the offshore'
drilling'business'with'a'particular'focus'on deepwater and harsh environment'
drilling'services.'We also provide additional services, including management'
of'third'party'well'service'activities.
DRILLING'FLEET
We principally use three types of drilling rigs:
-'drillships;
-'semisubmersibles;'and
-'jackups.
Also'included'in'our'fleet'are'barge drilling rigs, tenders, a mobile offshore'
production unit, a platform drilling rig and a land rig. TODCOs fleet consists'
of'jackups,'barge drilling rigs, submersibles, land drilling rigs, a platform'
rig'and'lake'barges.
Most'of'our'drilling'equipment'is'suitable'for'both exploration and development
drilling, and we normally engage in both types of drilling activity.
Likewise, most of our drilling rigs are mobile and can be moved to new locations
in'response'to'client'demand.'All of our mobile offshore drilling units are
designed'for'operations'away'from port for extended periods of time and most
have'living quarters for the crews, a helicopter landing deck and storage space
for'pipe'and'drilling'supplies.
Our'operations are geographically dispersed in oil and gas exploration and development'
areas'throughout'the'world. Rigs can be moved from one region to another, but
the cost of moving a rig and the availability of rig-moving vessels may'cause'
the'supply'and'demand'balance'to vary somewhat between regions. However,'significant'
variations between regions do not tend to exist long-term because'of'rig mobility.
Consequently, we operate in a single, global offshore drilling'market. Because
our drilling rigs are mobile assets and are able to be moved'according'to'prevailing'
market'conditions,'we'cannot'predict'the percentage'of'our'revenues that will
be derived from particular geographic or political'areas'in'future'periods.
The'offshore'contract'drilling'market'remains'highly'competitive and cyclical,'
and'it'has'been'historically'difficult to forecast future market conditions.'
Extraneous'risks'include'declines'in oil and/or gas prices that reduce'rig demand
and adversely affect utilization and dayrates. Major operator and national oil
company capital budgets are key drivers of the overall business climate,'and'
these'may'change'within a fiscal year depending on exploration results'and'other'
factors.'Additionally,'increased'competition'for'our customers'drilling'budgets'
could'come'from,'among other areas, land-based energy'markets in Russia, other
former Soviet Union states and the Middle East.
Company Address: Turmstrasse 30 Steinhausen 6312
Company Phone Number: 749-0500 Stock Exchange / Ticker: NYSE RIG
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Customers Net Income fell by |
RIG's Customers Net Profit Margin fell to |
-15.23 % |
12.76 %
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| Announcement
Published Tue, Jan 7 2025 5:41 PM UTC
In a striking development within the oil and gas drilling sector, The Gross Law Firm has recently announced a class action lawsuit against Transocean Ltd. (NYSE: RIG), with a deadline set for February 24, 2025, for shareholders to come forward. This legal action has emerged amidst a backdrop of significant revenue growth for the company, raising eyebrows and prompting a clos...
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| Contract
Published Sat, Dec 28 2024 7:30 PM UTC
Transocean Ltd. Expands Global Footprint with Major Contracts: A Look at Recent Developments in Deepwater DrillingTransocean Ltd., a frontrunner in the offshore drilling industry, is making strides to bolster its presence in the ultra-deepwater drilling sector. The company has recently secured significant contracts that not only enhance its backlog but also reaffirm its str...
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| Contract
Published Thu, Oct 17 2024 10:30 AM UTC
In a strategic move to reinforce its positioning within the ultra-deepwater drilling landscape, Transocean Ltd. (NYSE: RIG) has announced a significant one-year contract for its high-capacity drillship, the Deepwater Conqueror . This contract, which is set to commence in October 2025, is designated for operations with an undisclosed operator in the U.S. Gulf of Mexico. The ...
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| Contract
Published Tue, Sep 10 2024 8:18 PM UTC
Transocean Secures Major Contract with BP for Deepwater Atlas: A $232 Million Boost for Gulf of Mexico Operations In a significant advancement within the offshore drilling sector, Transocean Ltd. has announced a landmark contract that underscores its strategic role in the energy industry. On September 10, 2024, the Switzerland-based company revealed a 365-day contract for it...
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| Contract
Published Wed, Sep 4 2024 10:29 AM UTC
Transocean Ltd. has announced a significant new contract, enhancing its position in the offshore drilling sector. The company, headquartered in Steinhausen, Switzerland, revealed on September 4, 2024, that Reliance Industries Limited has awarded a binding Letter of Award for the ultra-deepwater drillship, Dhirubhai Deepwater KG1 . The contract entails a comprehensive progra...
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| Per Share |
Current |
| Earnings (TTM) |
-0.74 $ |
| Revenues (TTM) |
3.47 $
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| Cash Flow (TTM) |
- |
| Cash |
0.84 $
|
| Book Value |
10.72 $
|
| Dividend (TTM) |
0 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
-0.74 $
|
| Revenues (TTM) |
3.47 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.84 $
|
| Book Value |
10.72 $ |
| Dividend (TTM) |
0 $ |
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| |
| UNITED STATES |
|
 41.67 % |
of total Revenue |
| BRAZIL |
|
21.52 % |
of total Revenue |
| NORWAY |
|
18.14 % |
of total Revenue |
| Other Countries |
|
18.67 % |
of total Revenue |
| Ultra-deepwater floaters |
|
70.46 % |
of total Revenue |
| Ultra-deepwater floaters UNITED STATES |
|
41.67 % |
of total Revenue |
| Ultra-deepwater floaters BRAZIL |
|
21.52 % |
of total Revenue |
| Ultra-deepwater floaters Other Countries |
|
7.28 % |
of total Revenue |
| Harsh environment floaters |
|
29.54 % |
of total Revenue |
| Harsh environment floaters NORWAY |
|
18.14 % |
of total Revenue |
| Harsh environment floaters Other Countries |
|
11.39 % |
of total Revenue |
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