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INX:RIG, Jul 18, 08:55 UTC

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Transocean Ltd (Switzerland) (RIG) Dips 2.9% for July 17

RIG

Among the S&P 500’s biggest fallers on Tuesday July 17 was Transocean Ltd (Switzerland) (RIG). The stock experienced a 2.9% decline to $12.72 with 17.77 million shares changing hands. Transocean Ltd (Switzerland) started at an opening price of 12.94 and hit a high of $13.03 and a low of $12.47. Transocean Ltd (Switzerland) trades an average of 14.26 million shares a day out of a total 460.51 million shares outstanding.

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Transocean Scoops Up 11-well Contract Offshore Australia

RIG

Transocean Ltd. (NYSE:RIG) has lined up an 11-well contract for the ultra-deepwater semisubmersible GSF Development Driller I, the company said July 17. Chevron Australia tapped the company for the job, which is set to begin in first-half 2019 offshore Australia. The estimated firm contract backlog, excluding integrated services, is about $158 million, Transocean said in the release. The news comes a day after Transocean said the midwater semisubmersible Transocean 712 was awarded a 13-well contract by ConocoPhillips for work in the U.K. North Sea.

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Transocean announces rig contracts with ConocoPhilllips, Chevron - Oil & Gas Journal

RIG CVX

Separately, Chevron Corp. signed an 11-well contract for Transocean’s GSF Development Driller I ultradeepwater semisubmersible drilling rig for work offshore Australia. Flaring of gas at crude-oil production sites worldwide went down in 2017 despite a 0.5% increase in production, the World Bank’s Global Gas Flaring... MARKET WATCH: Brent crude oil for September plunges nearly $3.50/bbl. A strike by workers in Norway’s offshore oil and gas industry was set to expand July 16 when labor unions and ship owners said they planned no talk... NOC sees quick restart of Libyan field. ADES International Holding Ltd., which provides oil and gas drilling and production services in the Middle East and Africa, announced plans to acqu... Oil-worker strike shuts field off Norway.

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

RIG

On July 16, 2018, Transocean Ltd. (the “Company”) announced that the midwater semisubmersible Transocean 712 was awarded a 13-well contract (approximately 580 days) commencing in March 2019 in the U.K. North Sea with ConocoPhillips. The statements described in this Form 8-K and referenced press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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.

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Transocean delivers one-two rig contract punch

RIG CVX

July 17 (UPI) -- Rig company Transocean said Tuesday it landed a multi-well contract for Chevron off the coast of Australia, adding support from the previous trading day. The entire Gorgon project will eventually produce 15.6 million tons of liquefied natural gas per year, a fuel described by Chevron as "essential" for markets across Asia. On Monday, the rig company announced a 13-well contract, extending out a year and half, for its Transocean 712 rig to Conoco Phillips for work in the British waters of the North Sea. Last week, Transocean announced plans to offer $600 million in secured notes due 2025, backed up by a lien on the Deepwater Pontus rig and other assets related to it, just as the second quarter earnings season gets under way.

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Transocean semi-submersible awarded Australian job by Chevron

RIG

Transocean has been awarded a contract by Chevron for semi-submersible rig GSF Development Driller I to drill offshore Australia. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. Erzra Holdings looks to judicial management after being abandoned by white knightHong Kong online regional financial consultancy Asia Fund Space Group has abandoned its plans to... Jul 17th, 2018 inOffshore. Jan De Nul awarded offshore wind farm construction contractBelgian company Jan De Nul has been awarded a contract by wind farm developer Parkwind for... Jul 11th, 2018 in | Europe.

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Chevron takes Transocean semisub off Oz

RIG

It marks the second substantial multi-well deal with a US oil giant in consecutive days for Transocean, after ConocoPhillips chartered another unit on Monday for work in the North Sea. San Ramon, California-based Chevron will take the ultra-deepwater semisub GSF Development Driller 1 for a firm 11-well programme off Australia, beginning in the first half next year. The estimated backlog for the firm portion of the deal is around $158 million, which, if it does not include mobilisation, demobilisation or any other elements, equates to a dayrate of around $165,500. That deal is to drill the Orchid-1 exploration well in Block AC/ 54 in the Cash-Maple area off northern Australia. Orchid-1 lies in 125 metres of water, 650 kilometres from Darwin in the Northern Territory.

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Transocean Ltd. Announces 11-Well Contract for GSF Development Driller I

RIG

STEINHAUSEN, Switzerland, July 17, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (RIG) announced today that the ultra-deepwater semisubmersible GSF Development Driller I was awarded an 11-well contract (approximately 955 days) commencing offshore Australia in the first half of 2019 with Chevron Australia. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. 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 and other out-of-service time, sales of drilling units, 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, the benefits, 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.

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Wärtsilä partners with Transocean for thruster maintenance

RIG

Wärtsilä has signed a long-term agreement to optimise thruster maintenance within Transocean’s fleet. The partners will leverage Wärtsilä’s Propulsion Condition Monitoring Service (PCMS) developed to capture performance data from the thrusters, which will be delivered to a Wärtsilä Expertise Centre for analysis. “Collected data will then be examined by service experts to determine a feasible schedule for truster maintenance.”Installation of the PCMS, spare parts and personnel are also covered under the agreement. “By improving thruster condition and enhancing the efficiency of maintenance, we show our commitment to providing high-performance throughout the equipment lifecycle.” In February, Wärtsilä signed a similar 25-year agreement for thruster maintenance strategy across three semi-submersible rigs and four drillships of Maersk Drilling.

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Monday, July 16


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Transocean Ltd (Switzerland) (RIG) Dips 2.75% for July 16

RIG

Among the S&P 500’s biggest fallers on Monday July 16 was Transocean Ltd (Switzerland) (RIG). The stock experienced a 2.75% decline to $13.10 with 16.33 million shares changing hands. Transocean Ltd (Switzerland) trades an average of 14.25 million shares a day out of a total 460.51 million shares outstanding. To get more information on Transocean Ltd (Switzerland) and to follow the company’s latest updates, you can visit the company’s profile page here: RIG’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk.

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