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RIG
Transocean Ltd.

5/26/2012, 10:27 AM ET
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RIG Market Currents more »
  • 9:25 AM Considering coming out of cash and and wading back into the markets? Look at energy, says Real Money's Daniel Dicker, particularly offshore drilling companies. Offshore profitability is almost entirely based on crude oil pricing, and Dicker is convinced that crude oil prices will find a bottom well above $100/bbl. This will make the most challenging offshore operations, using the deep and ultra deep water rigs owned and leased by companies like SeaDrill (SDRL), Transocean (RIG), Ensco (ESV) and Rowan (RDC) increasingly profitable through 2012-13.
    Comment!
    [Energy, Quick Ideas]
  • Wednesday 11:48 AM Brazil's HRT says it has hired a semi-submersible drill rig from Transocean (RIG -1.7%) to drill prospects later this year or early next year off the coast of Namibia. The rig will be on charter for 280 days, “enough to drill at least four exploration wells." HRT estimates it has 28B bbl of potential oil and natural gas resources in the African country.
    1 Comment
    [Energy, Global & FX, On the Move]
  • Tuesday 3:31 PM Transocean (RIG -0.9%) says its CFO misspoke when he said the company expected the U.S. to file more charges against "ourselves and BP and Halliburton and other employees" of the companies involved in the 2010 Gulf oil spill. RIG is well prepared to defend itself in court, although it is also open to a fair settlement, Steve Cauthen had said.
    Comment!
    [Energy]
RIG in Focus more »
RIG Instablog posts more »
  • Transocean Growing Profile
    Wed, May 23 • TurnkeyOil • Comment!
  • Oil Services Cling On To Minor Gains
    Thu, May 17 • InTheMoneyStocks.com • Comment!
  • Weak Start For The Oil Service Sector
    Thu, May 3 • InTheMoneyStocks.com • Comment!
  • A Mathematical Model Of Shale Gas Well Production Decline
    Thu, May 3 • Mark Anthony • 10 Comments
  • Weekend Update - April 30, 2012
    Tue, May 1 • George Acs • Comment!
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Company Description

Transocean Ltd. (together with its subsidiaries and predecessors, unless the context requires otherwise, "Transocean," the "Company," "we," "us" or "our") is a leading international provider of offshore contract drilling services for oil and gas wells. As of February 3, 2009, we owned, had... More