- Transocean's (RIG -2.4%) latest fleet status report revealed delays with two of its drill ships, prompting Global Hunter to cut its EPS estimates for Q2 to $0.99 from $1.14 vs. the $1.13 analyst consensus estimate and for FY 2014 to $4.42 from $4.62 vs. $4.32 consensus.
- Contract commencements of two ultra-deepwater newbuild drillships were delayed by a quarter until Q3, pushing out the start of contracts on the Deepwater Asgard at $600K/day and the Deepwater Invictus at $595K/day.
- Estimated 2014 planned out-of-service time increased by a net 141 days, including 168 days associated with the Transocean Amirante in anticipation of potential future contracts.