Edition:
United States

Transocean Ltd (RIG)

RIG on New York Consolidated

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20 Jan 2017
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Latest Key Developments (Source: Significant Developments)

GE announces Transocean performance-based service agreement
Wednesday, 11 Jan 2017 11:06am EST 

GE Oil & Gas: GE announces Transocean performance-based service agreement . Announced a new contractual service agreement (CSA), valued at approximately $180 million, with Transocean . GE to provide condition-based monitoring, maintenance services for pressure control equipment on 7 of Transocean’S rigs over next 10-12 yrs Further company coverage: [GE.N] [RIGN.S] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Transocean increases consideration for acquisition of Transocean Partners
Monday, 21 Nov 2016 04:19pm EST 

Transocean Partners LLC - : Transocean expects to issue approximately 23.8 million shares in merger . Transocean Partners LLC says increase in consideration was approved on behalf of Transocean partners by conflicts committee of its board of directors . To increase to 1.20 company's shares consideration for pending acquisition of each common unit of transocean partners not already owned .Transocean Ltd. increases consideration for acquisition of Transocean Partners LLC.  Full Article

Transocean announces 15-month contract for Transocean Barents
Monday, 3 Oct 2016 06:56am EDT 

Transocean Ltd :Transocean Barents awarded a 15-month contract with Suncor Energy at a dayrate of $260,000; estimated contract backlog is $119 million.  Full Article

Transocean says "during severe weather, the transocean winner lost its tow and subsequently grounded off the western isles of Scotland"
Monday, 8 Aug 2016 07:35am EDT 

Transocean Ltd : Says "during severe weather, the transocean winner lost its tow and subsequently grounded off the western isles of scotland" . Says "no rig personnel are at risk." Further company coverage: [RIGN.S] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Transocean Ltd says will increase presence in India- conf call
Thursday, 4 Aug 2016 09:58am EDT 

Transocean Ltd : Sees 2017 capex of about $600 million and 2018 capex of $375 million - conf call ."have increased our presence in india by returning two rigs to work for ongc and two others with independents" - conf call.  Full Article

Transocean reports qtrly adj profit $0.17 per share
Wednesday, 3 Aug 2016 04:31pm EDT 

Transocean Ltd : Quarterly earnings per share $0.21 . Qtrly contract drilling revenues decreased $193 million sequentially to $918 million due primarily to lower rig utilization and dayrates . Contract backlog was $13.7 billion as of july 2016 fleet status report . Qtrly adjusted net income was $64 million, $0.17 per diluted share . Qtrly total revenue $943 million versus $1,884 million .Q2 revenue view $925.4 million -- Thomson Reuters I/B/E/S.  Full Article

Transocean says Transocean Partners to pay $15 mln, if merger terminated
Monday, 1 Aug 2016 09:30am EDT 

Transocean Ltd : If merger agreement is terminated, under certain circumstances, Transocean Partners to pay co termination fee of $15 million- SEC filing Source: (http://bit.ly/2atPbk9) Further company coverage: [RIGN.S] ((Bengaluru Newsroom; +91 80 6749 1130;)).  Full Article

Transocean Ltd. agrees to acquire Transocean Partners
Monday, 1 Aug 2016 06:35am EDT 

Transocean Ltd : Transocean partners common unitholders to receive 1.1427 shares of transocean per transocean partners unit in an all equity transaction . Following completion of transaction, transocean partners will be 100% owned by transocean ltd . Will have indirectly acquired 51% interests in the discoverer inspiration, the discoverer clear leader and the development driller iii . Transocean ltd. Agrees to acquire transocean partners llc . Transaction is expected to generally be non-taxable to transocean partners common unitholders . Transocean partners' minimum quarterly distribution of $0.3625 per unit for q3 of 2016 is expected to be paid in q4 of 2016 .Transocean has already committed to voting its approximately 21.3 million common units in favor of merger.  Full Article

Transocean says Transocean Inc has priced its previously-announced offering of senior unsecured notes - SEC filing
Friday, 8 Jul 2016 08:31am EDT 

Transocean Ltd : Says unit Transocean Inc., has priced its previously-announced offering of senior unsecured notes - sec filing .Says unit Transocean Inc., expects to receive aggregate net proceeds of approximately u.s. $1.21 billion from the offering.  Full Article

Fitch affirms Transocean Inc at 'B+' with negative outlook
Thursday, 7 Jul 2016 12:36pm EDT 

Fitch:Fitch affirms Transocean Inc. at 'B+'; outlook negative.  Full Article