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INX:RIG, Sep 26, 09:43 UTC

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Transocean Ltd (Switzerland) (RIG) Moves Higher on Volume Spike for September 25

RIG

Transocean Ltd (Switzerland) (RIG) traded on unusually high volume on Sep. 25, as the stock gained 1.38% to close at $13.97. Considering that the stock averages only a daily volume of 15.88 million shares a day over the last month, this represents a pretty significant bump in volume over the norm. Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. Headquartered in Steinhausen, , Transocean Ltd (Switzerland) has 4,900 employees and is currently under the leadership of CEO Jeremy D. Thigpen. For a complete fundamental analysis analysis of Transocean Ltd (Switzerland), check out Equities.com’s Stock Valuation Analysis report for RIG.

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equities.com
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Monday, September 24


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Transocean Ltd (Switzerland) (RIG) Moves Higher on Volume Spike for September 24

RIG

Transocean Ltd (Switzerland) (RIG) traded on unusually high volume on Sep. 24, as the stock gained 1.77% to close at $13.78. Considering that the stock averages only a daily volume of 15.34 million shares a day over the last month, this represents a pretty significant bump in volume over the norm. Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. Headquartered in Steinhausen, , Transocean Ltd (Switzerland) has 4,900 employees and is currently under the leadership of CEO Jeremy D. Thigpen. For a complete fundamental analysis analysis of Transocean Ltd (Switzerland), check out Equities.com’s Stock Valuation Analysis report for RIG.

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equities.com
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Equinor (EQNR) Hires Transocean Norge Under $89M Contract

RIG

Per the framework agreement, Equinor ASA EQNR has awarded a six-well drilling contract in the Norwegian continental shelf (NCS) to Transocean Ltd RIG. The value of the contract is estimated at about $89 million.According to the terms, Transocean Spitsbergen was the first rig to be included by the company. Also, the rig has received a contract option for drilling four additional wells and is intended for subsequent continuing options.The contract comprises providing drilling services such as slop treatment and cuttings handling, as well as part of the mobilisation fee. It is winterized to endure Norwegian weather conditions.Recently, Equinor awarded a drilling contract to Seadrill Norway Operations Limited, a subsidiary of Seadrill Limited SDRL, for the use of semi-submersible rig West Hercules.

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Monday’s Vital Data: Apple, Micron and Transocean

RIG EURUSD +5 more RIG EURUSD AAPL NZDUSD GBPUSD USDCHF GBPUSD

Fresh tariffs in the U.S./China trade war hit today, and Wall Street is eyeing this week’s Federal Open Market Committee (FOMC) meeting. Against this backdrop, futures on the Dow Jones Industrial Average are down 0.1%, with S&P 500 futures falling 0.18%. Apple (NASDAQ:AAPL) options were divided as new iPhone hit store shelves, and Micron saw mixed activity following poor earnings guidance. MU stock is off it’s Friday lows near $40, but the shares are still showing weakness in the face of rising China/U.S.

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Transocean (RIG) Catches Eye: Stock Jumps 7.2%

RIG

Transocean Ltd. RIG was a big mover last session, as the company saw its shares rise more than 7% on the day. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $10.83 to $12.63 in the past one-month time frame. The move came after the company announced that it has secured a six-well contract for the Transocean Norge with Equinor. The company's Zacks Consensus Estimate for the current quarter has moved higher over the past few weeks, suggesting that more solid trading could be ahead for Transocean. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

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Sunday, September 23


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Transocean newbuild semi-sub awarded six-well contract by Equinor

RIG

Offshore driller Transocean has been awarded a contract by Equinor for semi-submersible rig Transocean Norge for the drilling of six wells in the Norwegian Continental Shelf. The contract will commence in July 2019, once the rig is delivered, and is estimated to take around 300 days. Jeremy Thigpen, president and CEO of Transocean, commented: “We are very pleased to have so quickly secured a contract for the Transocean Norge, which we recently acquired through our joint venture with Hayfin. This contract provides further evidence of the strong demand for high-specification, harsh environment semisubmersibles, and of the relationship and history of solid performance that we have with Equinor.”.

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splash247.com
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TRANSOCEAN LTD. (NYSE:RIG) Files An 8-K Regulation FD Disclosure

RIG

Transocean will operate the Transocean Norge and has a 33% interest in the joint venture that owns the rig, with the remaining 67% interest owned by Hayfin Capital. These statements contain words such as "possible," "intend," "will," "if," "expect" or other similar expressions. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, estimated duration of customer contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects, timing of the company’s newbuild deliveries, operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the future prices of oil and gas, the intention to scrap certain drilling rigs and other factors, including those and other risks discussed in the company's most recent Annual Report on Form 10-K for the year ended December 31, 2017, and in the company's other filings with the SEC, which are available free of charge on the SEC's website at www.sec.gov. Announces Six-Well Contract for Transocean Norge STEINHAUSEN,…To view the full exhibit click hereAbout TRANSOCEAN LTD. (NYSE:RIG) Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells.

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marketexclusive.com
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Transocean Ltd. Announces Six-Well Contract For Transocean Norge

RIG

Steinhausen, Switzerland (GLOBE NEWSWIRE) - Transocean Ltd. (NYSE:RIG) announced today that the newbuild, harsh environment semisubmersible Transocean Norge was awarded a six-well contract (estimated 300 days) with Equinor in the Norwegian Continental Shelf. “We are very pleased to have so quickly secured a contract for the Transocean Norge, which we recently acquired through our joint venture with Hayfin,” said Jeremy Thigpen, Transocean’s President and Chief Executive Officer. “This contract provides further evidence of the strong demand for high-specification, harsh environment semisubmersibles, and of the relationship and history of solid performance that we have with Equinor.”. Transocean owns or has partial ownership interests in, and operates a fleet of 41 mobile offshore drilling units consisting of 23 ultra-deepwater floaters, 12 harsh environment floaters, two deepwater floaters and four midwater floaters.

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oilandgasonline.com
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Friday, September 21


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Why Transocean, Novavax, and Steelcase Jumped Today

RIG

The stock market was mixed on Friday, with the Dow Jones Industrial Average climbing to record heights even as the Nasdaq Composite gave back some of its recent gains. Investors largely continued to play a waiting game, as little in the way of new economic data or readings on the geopolitical environment impeded generally bullish sentiment. Whenever stocks reach lofty heights, pauses are inevitable, but some were nevertheless able to climb higher. The fact that Transocean was able to secure a contract even before the shipyard building the Transocean Norge had delivered the rig shows just how much stronger the energy markets are than they were just a couple years ago, when low crude prices made it uneconomical for offshore drillers to make major expenditures for many offshore projects. The trial, which is testing pregnant patients to see whether the vaccine can result in infants having immunity to the disease after birth, could be a huge mover for the share price, with poor results being potentially disastrous but strength pointing to further gains for the stock.

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Transocean semisub wins six-well contract offshore Norway - Offshore

RIG

STEINHAUSEN, Switzerland – Equinor has awarded the newbuild, harsh environment semisubmersible Transocean Norge a six-well contract (estimated 300 days). The $89-million contract is expected to begin in July 2019, following the shipyard delivery of the rig in early 2019. Transocean will operate the Transocean Norge and has a 33% interest in the joint venture that owns the rig, with the remaining 67% interest owned by Hayfin Capital. Noble Corp. plc has purchased a new GustoMSC CJ46 design jackup rig from the PaxOcean Group in connection with a concurrently awarded drilling contract.

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offshore-mag.com
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