Transocean

Transocean Ltd. Provides Quarterly Fleet Status Report

Retrieved on: 
Mercredi, avril 17, 2024
Transocean

STEINHAUSEN, Switzerland, April 17, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

Key Points: 
  • STEINHAUSEN, Switzerland, April 17, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.
  • This quarter’s report includes the following updates:
    Deepwater Asgard – Awarded a 365-day contract extension in the U.S. Gulf of Mexico at a rate of $505,000.
  • As of April 17, 2024, the company’s total backlog is approximately $8.9 billion.
  • The report can be accessed on the company’s website: www.deepwater.com .

Transocean Ltd. Announces Pricing of Upsized Private Offering of Senior Notes Due 2029 and Senior Notes Due 2031

Retrieved on: 
Jeudi, avril 11, 2024
Debt-to-GDP ratio, Sale, Tender offer, Transocean, United, Senior, Note, Security (finance)

The 2029 Notes will bear interest at the rate of 8.250% per annum, and the 2031 Notes will bear interest at the rate of 8.500% per annum.

Key Points: 
  • The 2029 Notes will bear interest at the rate of 8.250% per annum, and the 2031 Notes will bear interest at the rate of 8.500% per annum.
  • The offering is expected to close on or about April 18, 2024, subject to customary closing conditions.
  • The Company intends to use the remaining net proceeds from the offering for the redemption of other priority guaranteed notes.
  • The 2025 Priority Guaranteed Notes Redemption is scheduled to occur on April 23, 2024, subject to the completion of the offering.

Transocean Ltd. Announces Proposed Private Offering of Senior Notes Due 2029 and Senior Notes Due 2031

Retrieved on: 
Jeudi, avril 11, 2024
Debt-to-GDP ratio, Sale, Tender offer, Transocean, United, Senior, Redemption, Note, Security (finance)

STEINHAUSEN, Switzerland, April 11, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), commenced a private offering of $1,500,000,000 aggregate principal amount of Senior Notes due 2029 (the “2029 Notes”) and Senior Notes due 2031 (the “2031 Notes” and together with the 2029 Notes, the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Transocean Ltd. and certain of the Company’s subsidiaries.

Key Points: 
  • STEINHAUSEN, Switzerland, April 11, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), commenced a private offering of $1,500,000,000 aggregate principal amount of Senior Notes due 2029 (the “2029 Notes”) and Senior Notes due 2031 (the “2031 Notes” and together with the 2029 Notes, the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Transocean Ltd. and certain of the Company’s subsidiaries.
  • The timing of pricing and terms of the Notes are subject to market conditions and other factors.
  • The Company intends to use the remaining net proceeds from the offering for the redemption of other priority guaranteed notes.
  • The Redemption is scheduled to occur on April 23, 2024, subject to the completion of the offering.

Transocean Ltd. Announces First Quarter 2024 Earnings Release Date

Retrieved on: 
Mercredi, avril 10, 2024
Transocean, Webcast, EDT

STEINHAUSEN, Switzerland, April 10, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the first quarter 2024 on Monday, April 29, 2024.

Key Points: 
  • STEINHAUSEN, Switzerland, April 10, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the first quarter 2024 on Monday, April 29, 2024.
  • The company will conduct a teleconference to discuss the results starting at 9 a.m. EDT, 3 p.m. CEST, on Tuesday, April 30, 2024.
  • Individuals who wish to participate should dial +1 785-424-1222 and refer to conference code 102568 approximately 15 minutes prior to the scheduled start time.
  • A replay of the conference call will be available after 12 p.m. EDT, 6 p.m. CEST, on April 30, 2024.

Transocean Ltd. Announces $195 Million Ultra-Deepwater Drillship Contract

Retrieved on: 
Lundi, avril 1, 2024
Transocean

STEINHAUSEN, Switzerland, April 01, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico.

Key Points: 
  • STEINHAUSEN, Switzerland, April 01, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico.
  • The program is expected to commence in June 2024 in direct continuation of the rig’s current program and includes additional services.
  • The total contract value of approximately $195 million includes a $10.9 million lump sum payment, which is not included in the estimated backlog of approximately $184 million.

Europe's Secret Weapon In Its Energy War With Russia

Retrieved on: 
Mardi, mars 12, 2024
Kurdistan Region, Electricity, Mobil, Climate change, Natural gas, Specialization, Schlumberger, Enbridge, Nitrogen, Natural Resources, Transocean, Halliburton, SLB, AI, CCS, Wind, Carbon, Eye, Big data, MCF, Investment, Hydrocarbon, European, GLNG, Helium, ENB, CCUS, Coal, Machine learning, Golar LNG

While Germany has struggled strategically and politically in its effort to balance its climate change goals with its energy security needs, Austria has not only refrained from turning off the Russian gas taps—opting for a gradual approach--but it's also recently made the country's largest natural gas discovery in 40 years. 

Key Points: 
  • These shallow wells, cheap to drill, from proven, previously drilled holes could translate into quick cash flow for MCF Energy.
  • MCF Energy has adopted a laser focus on Europe's energy security requirements, which is most significantly emphasized by Germany, the largest economy of the European Union.
  • MCF Energy ( MCF.V ; MCFNF.QX ) believes the answer is found in domestic natural gas, the increasingly accepted bridge fuel for a green energy transition.
  • In Europe, where the energy landscape is rapidly evolving, Halliburton's contributions to oil and gas exploration and production are invaluable.

Europe's Secret Weapon In Its Energy War With Russia

Retrieved on: 
Mardi, mars 12, 2024
Kurdistan Region, Electricity, Mobil, Climate change, Natural gas, Specialization, Schlumberger, Enbridge, Nitrogen, Natural Resources, Transocean, Halliburton, SLB, AI, CCS, Wind, Carbon, Eye, Big data, MCF, Investment, Hydrocarbon, European, GLNG, Helium, ENB, CCUS, Coal, Machine learning, Golar LNG

While Germany has struggled strategically and politically in its effort to balance its climate change goals with its energy security needs, Austria has not only refrained from turning off the Russian gas taps—opting for a gradual approach--but it's also recently made the country's largest natural gas discovery in 40 years. 

Key Points: 
  • These shallow wells, cheap to drill, from proven, previously drilled holes could translate into quick cash flow for MCF Energy.
  • MCF Energy has adopted a laser focus on Europe's energy security requirements, which is most significantly emphasized by Germany, the largest economy of the European Union.
  • MCF Energy ( MCF.V ; MCFNF.QX ) believes the answer is found in domestic natural gas, the increasingly accepted bridge fuel for a green energy transition.
  • In Europe, where the energy landscape is rapidly evolving, Halliburton's contributions to oil and gas exploration and production are invaluable.

Transocean Ltd. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Lundi, février 19, 2024
Titan, Retirement, Transocean, Tax rate, Safety, Public expenditure, Bank statement, Bank

After consideration of these net unfavorable items, fourth quarter 2023 adjusted net loss was $74 million, $0.09 per diluted share.

Key Points: 
  • After consideration of these net unfavorable items, fourth quarter 2023 adjusted net loss was $74 million, $0.09 per diluted share.
  • This was partially offset by lower revenue generated by two rigs that were idle and two rigs that were undergoing contract preparation during the fourth quarter.
  • Cash provided by operating activities was $98 million during the fourth quarter of 2023, representing an increase of $142 million compared to the prior quarter.
  • Fourth quarter 2023 capital expenditures of $220 million were primarily associated with the newbuild ultra-deepwater drillship Deepwater Aquila.

Europe's $800 Billion Energy Crisis Sparks Investment Frenzy

Retrieved on: 
Lundi, mars 4, 2024
Venus, Transocean, Acquisition, Golar LNG, TotalEnergies, QatarEnergy, Natural gas, ENB, SLB, Schlumberger, Mobil, MCF, Letter, Climate change, Element, History, JV, Electricity, Halliburton, McKinsey & Company, Hydrocarbon, Renewable energy

LONDON, March 4, 2024 /PRNewswire/ -- The energy crisis that engulfed Europe after Western sanctions punished Russia's invasion of Ukraine cost the continent hundreds of billions of dollars. Now, the Middle East crisis and the Houthi war on the Red Sea could threaten future energy supplies.  Companies mentioned in this release include: TotalEnergies, MCF Energy, Halliburton Company (NYSE:HAL), Schlumberger Limited (NYSE:SLB), Enbridge Inc. (NYSE:ENB), Golar LNG Limited (NASDAQ:GLNG), Transocean Ltd (NYSE:RIG).

Key Points: 
  • Now, the Middle East crisis and the Houthi war on the Red Sea could threaten future energy supplies.
  • In early February, Germany earmarked $16 billion for the construction of four natural gas power plants to complement a renewable energy expansion push.
  • #2 MCF Energy ( MCF .V; MCFNF .QX)
    Small-cap MCF Energy, backed by veteran explorer and producer, Ford Nicholson, is convinced that this is the right atmosphere in which to foster European energy security through domestic natural gas production.
  • Thanks to its 100% acquisition of German Genexco last year, MCF Energy is now ready to drill down for some much-needed domestic energy resources for Germany.

Europe's $800 Billion Energy Crisis Sparks Investment Frenzy

Retrieved on: 
Lundi, mars 4, 2024
Venus, Transocean, Acquisition, Golar LNG, TotalEnergies, QatarEnergy, Natural gas, ENB, SLB, Schlumberger, Mobil, MCF, Letter, Climate change, Element, History, JV, Electricity, Halliburton, McKinsey & Company, Hydrocarbon, Renewable energy

LONDON, March 4, 2024 /PRNewswire/ -- The energy crisis that engulfed Europe after Western sanctions punished Russia's invasion of Ukraine cost the continent hundreds of billions of dollars. Now, the Middle East crisis and the Houthi war on the Red Sea could threaten future energy supplies.  Companies mentioned in this release include: TotalEnergies, MCF Energy, Halliburton Company (NYSE:HAL), Schlumberger Limited (NYSE:SLB), Enbridge Inc. (NYSE:ENB), Golar LNG Limited (NASDAQ:GLNG), Transocean Ltd (NYSE:RIG).

Key Points: 
  • Now, the Middle East crisis and the Houthi war on the Red Sea could threaten future energy supplies.
  • In early February, Germany earmarked $16 billion for the construction of four natural gas power plants to complement a renewable energy expansion push.
  • #2 MCF Energy ( MCF .V; MCFNF .QX)
    Small-cap MCF Energy, backed by veteran explorer and producer, Ford Nicholson, is convinced that this is the right atmosphere in which to foster European energy security through domestic natural gas production.
  • Thanks to its 100% acquisition of German Genexco last year, MCF Energy is now ready to drill down for some much-needed domestic energy resources for Germany.