BP awarded the Mykonos a contract in Brazil, while the Enabler won a Norway extension after three one-well options were ...

RIG's improving balance sheet and strong backlog support stability, but high debt and offshore cycle risks justify a cautious hold on the stock.

Transocean (RIG) +1.5% in Monday's trading after announcing a contract award and an extension for two of its drilling rigs, ...

In Brazil, BP has secured the ultra-deep water drillship Deepwater Mykonos for a 302-day campaign expected to begin in the ...

Despite suffering an adjusted net loss of $74 million during fourth-quarter 2023, offshore drilling company Transocean is in the midst of an upcycle, which CEO Jeremy Thigpen presciently predicted in ...

Transocean's fleet status report exceeded analysts' expectations, with a backlog totaling $9.2 billion, largely due to new contract announcements. Despite the positive report, Transocean's stock price ...

Transocean's (RIG) legal response in the first 48 hours after its Deepwater Horizon oil rig exploded and sank in the Gulf of Mexico will fuel -- not prevent -- the liability fire against the company.

Transocean's stock is struggling to break through the $9 resistance line, but could reach double digits this year. New drilling contracts and rising oil prices are positive indicators for offshore ...

Transocean (RIG) sure is sorry about those insensitive "best year in safety performance" declarations. Not to mention the bonuses it tied to this amazing feat -- the very same year the Deepwater ...