Welcome to our dedicated page for Transocean news (Ticker: RIG), a resource for investors and traders seeking the latest updates and insights on Transocean stock.
Transocean Ltd. (RIG) is a global leader in offshore contract drilling services, specializing in ultra-deepwater and harsh environment operations. This dedicated news hub provides investors and industry professionals with essential updates about the company's strategic developments, operational milestones, and market positioning.
Access real-time press releases and curated analysis covering RIG's contract awards, fleet deployments, and financial performance. Our repository includes updates on deepwater drilling innovations, safety initiatives, and partnership announcements that shape the energy sector.
Key news categories include quarterly earnings reports, new rig contracts, technological advancements in offshore drilling, and regulatory developments. Bookmark this page for immediate access to verified information about RIG's global operations and industry leadership.
For stakeholders tracking offshore drilling markets, this resource offers structured updates without promotional bias. Return regularly to stay informed about Transocean's role in meeting global energy demands through cutting-edge drilling solutions.
Transocean (NYSE: RIG) announced early tender results and an increase in the cash tender offer for two series of notes. The company raised the Maximum Tender Offer Amount from $50,000,000 to $100,000,000 and accepted $88,998,000 of 7.35% Senior Notes due 2041 and $15,767,000 of 7.00% Notes due 2028 (post-proration).
The proration factor for the 2028 Notes is approximately 13.17%. Payment of the Total Tender Offer Consideration plus accrued interest will be made in same-day funds on October 16, 2025. The company expects to fund purchases with proceeds from a New Notes Offering.
Transocean (NYSE: RIG) issued its quarterly Fleet Status Report on Oct 15, 2025 detailing recent contract updates for its offshore drilling fleet.
Key items: Deepwater Atlas customer exercised a 365-day option in the U.S. Gulf at a dayrate of $635,000; Deepwater Mykonos customer exercised a 30-day option in Brazil. The aggregate incremental backlog from these fixtures is approximately $243 million, and the company reported a total backlog of approximately $6.7 billion as of Oct 15, 2025.
Transocean (NYSE: RIG) will report third quarter 2025 earnings on Wednesday, October 29, 2025 after NYSE close. The company will hold a teleconference on Thursday, October 30, 2025 at 9:00 a.m. EDT / 2:00 p.m. CET.
Participants should dial +1 785-424-1619 about 15 minutes early and use conference code 234878. A listen-only simulcast is available at www.deepwater.com under Investors > News & Webcasts. A replay will be accessible after 12:00 p.m. EDT / 5:00 p.m. CET on October 30, 2025 at +1 402-220-0689 (passcode 234878) and on the company website; the replay will be archived for approximately 30 days.
Transocean (NYSE:RIG) has secured additional contract backlog worth $243 million through option exercises for two ultra-deepwater drillships. BP has extended the Deepwater Atlas contract in the U.S. Gulf of Mexico for 365 days, contributing $232 million to the backlog. Additionally, Petrobras exercised a 30-day option for the Deepwater Mykonos in Brazil, adding $11 million to the backlog.
Transocean (NYSE: RIG) has announced the pricing of a $500 million Senior Priority Guaranteed Notes offering due 2032, with an interest rate of 7.875% per annum. The notes will be guaranteed by Transocean Ltd. and certain subsidiaries.
The offering, expected to close around October 15, 2025, will use proceeds to refinance existing debt, including the remaining 8.00% Senior Notes due 2027 and 6.875% Senior Secured Notes due 2027. Additionally, $50 million will fund a tender offer for outstanding 7.35% Senior Notes due 2041 and 7.00% Notes due 2028.
Transocean Ltd. (NYSE: RIG) has announced that its wholly owned subsidiary, Transocean International Limited, is launching a cash tender offer to purchase up to $50 million of its outstanding notes. The tender offer targets two series of notes: 7.35% Senior Notes due December 2041 and 7.00% Notes due June 2028.
The tender offer features an early tender premium of $50.00 per $1,000 principal amount for notes tendered by October 14, 2025. The total consideration ranges from $950.00 to $980.00 per $1,000 principal amount, including the early tender premium. The offer expires on October 29, 2025, and is contingent upon the completion of a new senior debt securities offering.
Transocean (NYSE: RIG) has announced a private offering of $500 million Senior Priority Guaranteed Notes due 2032. The notes will be guaranteed by Transocean Ltd. and certain subsidiaries. The company plans to use the proceeds to:
1. Refinance the remaining principal of 8.00% Senior Notes due February 2027 after the $415 million redemption announced on September 26, 2025
2. Repay the 6.875% Senior Secured Notes due 2027
3. Fund a $50 million Tender Offer for outstanding 7.35% Senior Notes due 2041 (currently at 9.35%) and 7.00% Notes due 2028
Transocean (NYSE: RIG) has announced the pricing of its upsized public offering of 125 million shares at $3.05 per share, increased from the originally proposed 100 million shares. The offering is expected to generate gross proceeds of approximately $381.25 million.
The company has granted underwriters a 30-day option to purchase up to an additional 18.75 million shares. The offering, led by joint book-running managers Citigroup and Morgan Stanley, is expected to close on September 26, 2025. Transocean plans to use the proceeds primarily for debt repayment, including a portion of the $655 million 8.00% Senior Notes due February 2027.
Transocean (NYSE: RIG) has announced a significant public offering of 100 million shares with an additional 30-day option for underwriters to purchase up to 15 million additional shares. The offering, jointly managed by Citigroup and Morgan Stanley, aims to use the proceeds primarily for debt management, specifically targeting the repayment or redemption of a portion of the $655 million 8.00% Senior Notes due February 2027.
The offering is being conducted under a shelf registration statement that became effective on July 1, 2024. Any remaining proceeds will be allocated to general corporate purposes. The completion of the offering remains subject to market conditions and SEC review.
Transocean (NYSE:RIG) reported its Q2 2025 financial results with mixed performance. Contract drilling revenues increased to $988 million, up $82 million sequentially and $127 million year-over-year. The company posted a net loss of $938 million ($1.06 per share), primarily due to a $1.128 billion asset impairment charge.
Key operational metrics showed improvement with revenue efficiency of 96.6% and adjusted EBITDA of $344 million, representing a 34.9% margin. Operating and maintenance expenses decreased to $599 million from $618 million in the previous quarter. The company generated $128 million in operating cash flow and maintains a substantial backlog of $7.2 billion.
Management highlighted their progress in debt reduction, targeting over $700 million in debt reduction for the year to strengthen the balance sheet.
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