Transocean
Highly Engaged Employees
Highly Engaged EmployeesEnergy, Utilities & Waste · Switzerland · 5K - 10K Employees
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Overview
Headquarters
Turmstrasse 30, Steinhausen, Zug, 6312, ...Phone Number
+41 417490500Website
www.deepwater.comRevenue
$4.1 BillionStock Symbol
RIGIndustry
ZI Rank: 18
Signal Type
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ZI Rank
14
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About Transocean
Transocean engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. It provides offshore contract drilling services to oil and gas companies by owning and operating ultra-deepwater drillships, semisubmersible rigs, and related drilling equipment. Its customers are major energy companies and national oil companies seeking offshore oil and gas exploration and production services.Explore more
Transocean Org Chart
HS
General Counsel
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Dpo
JB
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Senior DPO
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Deputy Chief Compliance Officer & Director, I...
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Senior DPO
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Senior DPO
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Company Profile Activity
Activity Insights
Transocean is experiencing low activity levels compared to other companies in the Energy, Utilities & Waste sector.
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Transocean is drawing exceptional interest within the Energy, Utilities & Waste industry, suggesting notable developments or strong market momentum, learn more about Transocean.
Transocean financials insights
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2014
Stock Offering
$385M
Transocean Tech Stack
A closer look at the technologies used by Transocean
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Most Recent Scoops
Earnings
Transocean has reported revenue of $966 million for Q2, at the upper end of guidance, driven by the Deepwater Skyros operating one month longer than forecast, additional recharge revenue, and contractual cost escalation provisions becoming effective for certain rigs.
Earnings, Finance
Earnings
Transocean has reported a trailing 12-month net debt to EBITDA ratio of 2.8 times, inclusive of restricted cash primarily for debt repayment, representing a more than two-turn improvement compared to the 5.2 times ratio at the beginning of 2025.
Business Finance, Finance, Financing & Debt
Earnings
Transocean has reported Q2 general and administrative expense of $56 million, which exceeded guidance but includes approximately $11 million in acquisition costs related to the Valaris transaction; excluding this expense, the adjusted result aligns with the quarterly run rate of approximately $45 million.
Earnings, Accounting, Financial Reporting, Acquisitions, Finance
Earnings
finished Q2 with approximately $510 million in unrestricted cash, up sequentially from $330 million, with total liquidity inclusive of the undrawn revolving credit facility at approximately $1.3 billion.
Earnings, Business Finance, Finance
Earnings
Business Finance, Finance
Transocean News & Media
Offshore Oil Stocks Rally While the Broad Market Slips: Transocean Climbs 6%, Valaris Rises 6%, W&T Offshore Gains 6%
Offshore oil names are running while the broad market fades this Tuesday midday. Transocean (NYSE:RIG) is rising 6.24% to $5.79, W&T Offshore (NYSE:WTI) is rallying 6%, and Valaris (NYSE:VAL) is up 5.83%. For the bigger-picture context, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.46%, and the VanEck Oil Services ETF (NYSEARCA:OIH) is up […]Transocean Ltd. Announces $80 Million Contract For Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Conqueror was awarded a two-well contract for work in Equatorial Guinea with an undisclosed operator. The estimated 170-day campaign is expected to commence in 2027 in direct continuation of the rig’s current contract in the U.S Gulf and contribute approximately $80 million in backlog, excluding additional services and compensation for mobilization and demobiTransocean Ltd. Announces $300 Million Contract For Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a two-year binding Letter of Award for the Dhirubhai Deepwater KG2 with ONGC in India. The campaign is expected to commence in the first quarter of 2027 and contribute approximately $300 million in contract value, inclusive of additional services and mobilization fees. The contract includes two years of priced options that, if fully exercised, would result in the drillship workiTransocean Ltd. (RIG) Q2 2026 Earnings Call Transcript
Transocean Ltd. (RIG) Q2 2026 Earnings Call August 6, 2026 9:00 AM EDTCompany ParticipantsDavid Keddington - VP & TreasurerKeelan Adamson - President,...
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Transocean engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. It provides offshore contract drilling services to oil and gas companies by owning and operating ultra-deepwater drillships, sem... Read More
