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Transocean LTD (NYSE:RIG) Goes Deep With Shallow-Rig Fleet Sale

Many analysts in the oil industry can’t believe nor explain the inevitable rebalancing of the global oil market. According to many, the price curve of the oil market will remain flat up to next year or even the year to follow. Even the IEA and OPEC are conservatively projecting $60 by the end of 2017. […]

How Will Seadrill Ltd (NYSE:SDRL) Be Impacted Due To Customer Concentration

In an article published on “The Motley Fool”, the author highlighted one crucial risk that Seadrill Ltd (NYSE:SDRL) investors might not be aware about. As of now, the two big largest threat faced by investors are declining oil prices and the surplus of oil rigs, particularly of the ultra-deepwater, high margin variety. These two are […]

Transocean LTD (NYSE:RIG) 1Q2015 Earnings Exceeds Analysts’ Estimates By 86%

Transocean LTD (NYSE:RIG) 1Q2015 earnings exceeded analysts’ guidance by 86% as the offshore rig company named scrapped vessels, named new leadership and reduce costs to deal with a decline in drilling demand. The numbers Excluding one-time items, Transocean reported a profit of $1.10 which exceeded the analysts’ estimate of 59-cent. The numbers carve out $881 […]

Transocean LTD (NYSE:RIG) Looks Forward To United States District Court Decision on Macondo Case

Boston, MA 09/08/2014 (wallstreetpr) – According to reports, Transocean LTD (NYSE:RIG) expects to get a positive result in Macondo case. The company announced recently that it received a U.S. Court decision on phase one of litigation which was related to Macondo incident which occurred in April 20, 2010. Below are the most important points of […]

Halliburton Company (NYSE:HAL) To Pay $1.1 Billion For the Settlement of All The Pending Claims

Boston, MA 09/05/2014 (wallstreetpr) – According to reports, Halliburton Company (NYSE:HAL) has decided to settle most of the claims that are running against it in U.S. District Court in New Orleans. The company was allegedly found guilty in the Deepwater Horizon oil spill in the Gulf of Mexico; therefore, quite a few claims were put against […]

Halliburton Company (NYSE:HAL) Decides To Pay $1.1B in Macondo Settlement

Boston, MA 09/04/2014 (wallstreetpr) – According to reports, Halliburton Company (NYSE:HAL) has decided to pay $1.1 billion in the settlement case of Macondo issue. The company was allegedly involved in the famous Macondo oil spill incident that took place four years back. Macondo oil spill incident: According to available information, ultra-deepwater Horizon drilling platform owned […]

Transocean LTD (NYSE:RIG) Subsidiary Announces the Pricing Of Offering

Boston, MA 08/01/2014 (wallstreetpr) – Transocean Partners Holdings Limited is a subsidiary of Transocean LTD (NYSE:RIG). The wholly owned subsidiary has announced the pricing of the initial public offering of as many as 17,500,000 common units. The offering is finalized at $22.00 per unit. The underwriters will have additional time of 30 days to purchase […]

Transocean LTD (NYSE:RIG) Q1 Efficiency Rate Rises

Boston, MA 05/12/2014 (wallstreetpr) – Offshore drilling contractor Transocean LTD (NYSE:RIG) announced strong financial results for the first quarter driven by higher revenues as well as increased rate of efficiency despite a fall in fleet utilization level. This translated into the company delivering adjusted earnings per share way above the market expectations triggering fresh interest […]

Transocean LTD (NYSE:RIG): Writings On The Wall Are Clear, But Can You Read Them?

Boston, MA 04/10/2014 (wallstreetpr) –  Transocean LTD (NYSE:RIG) is a rig operator. The company owns drilling assets that it gives out on a contract basis to oil and gas companies. It also provides drilling management solutions. The market values the company at $15 billion. The company is currently facing some of its most challenging moments […]

Transocean LTD (NYSE:RIG) cracks deal with the Icahn Group

Boston, MA, 11/12/2013 (wallstreetpr) – Transocean LTD (NYSE:RIG), Carl Icahn and some of the other investment funds which are being managed by Mr. Icahn of Icahn Group made an announcement of an agreement which would see after the world’s largest drilling contractor payout dividend. This would help in reducing the number of board seats and […]

Transocean LTD (NYSE:RIG) Fills Dell Vacancy on S&P 500 Index

Boston, MA 10/30/2013 (wallstreetpr) – Transocean LTD (NYSE:RIG) has entered the S&P 500 Index tracking list to replace Dell Inc, the cornered computer giant that is going private to retrace its footing. The exit of Dell from the index was due to shareholder decision in favor of the privatization deal valued at $24.9 billion. The company […]

Transocean LTD (NYSE:RIG) Set To Join S&P 500

Boston, MA 10/23/2013 (wallstreetpr) – Transocean LTD (NYSE:RIG) is set to replace Dell Inc. (NASDAQ:DELL) in S&P500 on October 28 following the privatization of Dell. This will see some upward movement in Transocean’s share prices as S&P500 index funds will have to invest in the company. The stock of the company rose by 5.97% on October […]

2010 oil spill still haunting BP and Transocean – BP, RIG & HAL

Boston, MA 02/26/2013 (wallstreetpr) – The Gulf of Mexico oil spill of 2010 was caused due to negligence on the part of BP plc (NYSE:BP) and Transocean LTD (NYSE:RIG) officials. Several oil-rig safety measures were flouted and danger signs ignored. Millions of gallons of crude oil spewed out of the Mocando well into the Gulf […]

Transocean (NYSE:RIG) Wins Appeals against Court Ruling – RIG, NGLS, XOM, CVX, AA

The world’s biggest offshore rig contractor, Transocean LTD (NYSE:RIG), declared that it won an appeals court ruling that returns a $15M jury verdict against shipping firm A.P. Moeller Maersk A/S (MAERSKB) over a way to drill fines. Federal Circuit said in a decision posted on its website yesterday that a trial judge was incorrect to […]

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