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Transocean Ltd (RIG)

RIG on New York Consolidated

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28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Transocean announces contracts for Transocean Spitsbergen
Wednesday, 5 Apr 2017 04:16pm EDT 

Transocean Ltd : Transocean Ltd. announces contracts for Transocean Spitsbergen . estimated firm backlog associated with these contracts is $83 million .Initial contract is expected to commence in Q3 of 2017.  Full Article

Statoil awards Transocean two rig contracts at around $113 mln offshore UK and Norway
Tuesday, 4 Apr 2017 06:57am EDT 

Statoil Asa : Statoil: Statoil awards Transocean two rig contracts - statoil.com . Statoil and license partners have decided to use semisubmersible rig Transocean Spitsbergen on three exploration wells in UK, and then on a six-well production drilling campaign on Aasta Hansteen licence in Norway . Exploration drilling campaign in UK will be conducted for mariner, jock Scott and Verbier licenses, and is planned to start in summer . Contract value for three fixed wells is estimated at around 18 million usd, which includes integrated drilling services such as fuel, casing running, rov, slop treatment and cuttings handling .Drilling campaign on Aasta Hansteen is planned to start towards end of 2017 or beginning of 2018. Contract value for six fixed wells is estimated at around 95 million usd.  Full Article

Keppel Corp says unit signed agreement with Borr Drilling for Transocean rigs
Monday, 20 Mar 2017 09:44am EDT 

Keppel Corporation Limited : Keppel signs heads of agreement with borr drilling for transocean rigs . Under new agreement, Borr Drilling will take over contracts and undertake remaining payment installments to Keppel Fels . Price for each rig is usd$216 million, compared to original price of usd$219 million . Under agreement construction contracts for five jackup rigs currently being built by Keppel Fels for Transocean will be novated to Borr Drilling . Completion of transaction is expected to take place before end of may 2017 . Transaction will not have any material impact on net tangible assets & earnings per share of Keppel Corp for FY17 . "Borr Drilling will also make a down payment of usd$275 million" .Keppel Offshore & Marine Ltd has entered into a heads of agreement with Borr Drilling Ltd of Bermuda.  Full Article

Borr Drilling to buy 15 rigs from Transocean in $1.35 bln deal
Monday, 20 Mar 2017 03:51am EDT 

Transocean Ltd : Borr Drilling says intends to acquire 15 high-specification jack-up rigs from Transocean for $1.35 billion .Borr Drilling announces $800 million equity offering.  Full Article

Transocean CEO Jeremy Thigpen's FY 2016 compensation $9.1 mln vs $10.9 mln in fy 2015
Thursday, 16 Mar 2017 05:30pm EDT 

Transocean Ltd : Transocean ltd - ceo jeremy thigpen's fy 2016 total compensation $9.1 million versus $10.9 million in fy 2015 - sec filing .Transocean ltd says cfo mark mey total 2016 compensation was $4.7 million versus $7.1 million in 2015 - sec filing.  Full Article

Noble Corp says Transocean filed patent infringement suit against co in Jan
Friday, 24 Feb 2017 12:37pm EST 

Noble Corp Plc : Noble Corp Plc - In Jan 2017, a subsidiary of Transocean Ltd filed suit against co and certain of its units for patent infringement in a Texas federal court . Noble Corp Plc - Suit claims that five of Noble's newbuild rigs that operated in U.S. Gulf of Mexico violated Transocean patents relating to dual-activity drilling .Noble Corp Plc says it was aware of the patents when co constructed the rigs, and does not believe the rigs infringe Transocean patents, which are now expired.  Full Article

Transocean reports Q4 earnings per share of $0.60
Thursday, 23 Feb 2017 01:16am EST 

Transocean Ltd : Transocean ltd. Reports fourth quarter, full year 2016 results . Q4 revenue $974 million; q4 share $0.60/share; q4 adjusted earnings per share $0.63/share . Ccontract backlog was $11.3 billion as of the February 2017 fleet status report. .Q4 rig utilization was 46 percent versus 49 percent in q3.  Full Article

Transocean says as of February 9, 2017, co's contract backlog was $11.3 bln
Thursday, 9 Feb 2017 04:20pm EST 

Transocean Ltd : Transocean ltd. Provides quarterly fleet status report .As of February 9, 2017, company's contract backlog was $11.3 billion.  Full Article

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

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