Offshore drillers eye recovery by 2020 [Reuters]
Transocean Ltd (Switzerland) (RIG)
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm
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Source: Reuters
Offshore drillers eye recovery by 2020 | Reuters 4 Min Read Oct 15 (Reuters) - Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with Brent crude selling for more than $80 a barrel and some are forecasting a full turn in the market by 2020. At the depths of a global slide that took oil below $27 a barrel in early 2016, daily rates for leasing the most sophisticated floating drilling rigs had fallen to just $180,000 from $500,000 a day, as producer returns from North Sea, Latin America and Canadian drilling evaporated. Transocean Ltd, a top supplier of drilling vessels, said last month that rates for its new high-spec vessels in the North Sea are now fetching $300,000 a day. Drillers have been predicting an upturn for more than a year only to disappoint but debt ratings firm Moody’s Investors Services said last month that it believed 2018 could mark the low point for industry earnings. In addition
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News
- Will Transocean (RIG) Report Negative Earnings Next Week? What You Should Know [Yahoo! Finance]Yahoo! Finance
- Transocean adds contract extensions worth $248M, fleet status report says [Seeking Alpha]Seeking Alpha
- Transocean Ltd. Announces Results of Tender Offers [Yahoo! Finance]Yahoo! Finance
- Transocean Ltd. Announces Results of Tender OffersGlobeNewswire
- Transocean Ltd. Provides Quarterly Fleet Status ReportGlobeNewswire
RIG
Earnings
- 2/19/24 - Beat
RIG
Sec Filings
- 4/18/24 - Form 8-K
- 4/17/24 - Form 8-K
- 4/11/24 - Form 8-K
- RIG's page on the SEC website