New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
October 18, 2012
07:39 EDTRIGTransocean says backlog associated with new contracts, extensions about $8.1B
Transocean issued last night a Fleet Status Report, which provided current status and contract information for the company's entire fleet of offshore drilling rigs. Since the September fleet update, backlog associated with new contracts or extensions is approximately $8.1B, including $7.6B associated with the four newbuild ultra-deepwater drillships announced on September 28, the company said. Including rigs classified as discontinued operations, estimated out of service time for 2012 increased by a net 138 days, which includes approximately 80 days associated with certification of well control equipment in anticipation of potential contracts and 46 days due to a shipyard acceleration into 2012 from 2013. Estimated out of service time for 2013 decreased by a net 290 days, which was primarily due to changes in shipyard schedules. In other highlights, the company noted: Sedco Express - Awarded a 20-month contract for work offshore Nigeria at a dayrate of $600,000; The rig's prior dayrate was $500,000. GSF Constellation II - Awarded a 30-month contract for work offshore Gabon at a dayrate of $160,000; The rig's prior dayrate was $109,000. Transocean Amirante - Customer exercised a 180-day option for work offshore Egypt at a dayrate of $305,000; The rig's prior dayrate was $275,000. The company also said it has sold the GSF Rig 103, which was previously held for sale, but the details of the transaction have not been disclosed.
News For RIG From The Last 14 Days
Check below for free stories on RIG the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
May 23, 2013
12:24 EDTRIGTransocean management to meet with Jefferies
Subscribe for More Information
May 21, 2013
16:25 EDTRIGTransocean announces first quarterly dividend installment of 56c per share
Transocean announced the schedule for the first installment of its U.S. dollar-denominated dividend of $2.24 per share, or approximately $807M in the aggregate, from additional paid-in capital. The first installment of 56c per share, or approximately $202M, is based upon the number of currently outstanding shares and represents the first of four quarterly installments totaling $2.24 per share, which was approved by shareholders at the company's Annual General Meeting held on May 17. The dividend will be paid on June 19 to shareholders of record on May 31. The ex-dividend date is May 29.
07:36 EDTRIGUBS to host a conference
Global Oil & Gas Conference is being held in Austin, Texas on May 20-23 with webcasted company presentations to begin on May 21 at 8:30 am; not all company presentations may be webcasted. Webcast Link
May 17, 2013
13:53 EDTRIGTransocean holders approve dividend, reject Icahn proposal
Subscribe for More Information
13:50 EDTRIGIcahn nominee wins seat on Transocean board
Subscribe for More Information
12:28 EDTRIGTransocean holders reject Icahn's $4 dividend plan, Bloomberg reports
Transocean's (RIG) shareholders rejected the $4 per share dividend proposal in favor of management's $2.24 per share annual dividend, Bloomberg reports, citing a person familiar with the vote count.Reference Link
11:48 EDTRIGTransocean holders reject Icahn's $4 dividend plan, Bloomberg reports
Subscribe for More Information
May 16, 2013
12:47 EDTRIGTransocean EPS estimates lowered at Wells Fargo
Subscribe for More Information
May 15, 2013
16:48 EDTRIGIcahn gives quarterly update on stakes
Subscribe for More Information
May 13, 2013
05:20 EDTRIGTransocean Chairman J. Michael Talbert announces retirement plans
Subscribe for More Information
May 9, 2013
07:29 EDTRIGTransocean comments on reports from proxy advisors support for board nominees
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.