Transocean

RIG

Market cap $4.82B

The final trades of the day with CNBC's Melissa Lee and the 'Fast Money' traders.

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

RIG secures work in Brazil and Norway with BP and Equinor contracts that add about $168M to the firm's backlog across two offshore rigs.

The 'Fast Money' traders react to market reaction to Maduro's capture.

STEINHAUSEN, Switzerland, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a contract award and an extension, respectively, for two of its drilling rigs.

Keelan Adamson sold nearly 5% of his total shares in Transocean. Transocean is the world's largest offshore oil and gas drilling contractor.

RIG lands a 320-day Deepwater Skyros contract worth $130 million, with options extending potential work in Australia into 2030.

Transocean is a leading offshore drilling contractor specializing in ultra-deepwater and harsh environment operations. Mackenzie's Oct. 29 sale follows a series of dispositions since a large tranche of restricted stock units vested earlier this year.

STEINHAUSEN, Switzerland, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced the execution of a six-well contract in Australia with an undisclosed operator for the Deepwater Skyros. The estimated 320-day campaign is expected to commence in the first quarter of 2027 and contribute approximately $130 million in backlog, excluding compensation for mobilization and demobilization. The award includes priced options that, if fully exercised, could keep the drillship working in Australia into early 2030.

RIG, HP and PTEN stand out as resilient picks as the Zacks Oil and Gas - Drilling industry faces softer demand, rising costs and firmer deepwater trends.