Transocean

RIG

Market cap $3.64B

STEINHAUSEN, Switzerland, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG), a Swiss corporation (“Transocean”), announced the early results, as of 5:00 p.m. New York City time on October 14, 2025 (the “Early Tender Date”), of the previously announced cash tender offer (the “Tender Offer”) by Transocean International Limited, a Bermuda exempted company limited by shares (the “Company”) and a wholly owned subsidiary of Transocean, to purchase up to an aggregate principal amount of the outstanding 7.35% Senior Notes due December 2041 (the “2041 Notes”) and 7.00% Notes due June 2028 (the “2028 Notes” and collectively with the 2041 Notes, the “Notes” and each, a “Series”) listed in the table below for a combined aggregate purchase price of up to $50,000,000 (excluding accrued and unpaid interest, which also will be paid to, but excluding, the Settlement Date (as defined herein) and excluding fees and expenses related to the Tender Offer), in the order of priority shown in the table below.

STEINHAUSEN, Switzerland, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company's fleet of offshore drilling rigs.

STEINHAUSEN, Switzerland, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the third quarter 2025 on Wednesday, October 29, 2025, after the close of trading on the New York Stock Exchange.

The market isn't pricing in the structural scarcity of premium offshore assets. The company boasts a $7.2B backlog, with increasing bidder interest, supporting long-term revenue visibility. While bears focus on $6B in debt, leverage is industry standard and refinancing is a key re-rating catalyst.

Markets are good at assimilating information as it comes in, incorporating it into valuations and price action relatively quickly—but that doesn't mean they're truly efficient. By focusing on current events, markets might miss signs that point to future upside potential.

In the past week or so, some public offerings of stock prompted big insider buying.

RIG secures $243 million in new contracts with BP and Petrobras, strengthening its offshore drilling leadership in key markets.

STEINHAUSEN, Switzerland, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract fixtures for two of its ultra-deepwater drillships. In aggregate, the fixtures represent approximately $243 million in firm contract backlog.

Transocean was the only major offshore driller to make it through the last downturn, keeping its premium fleet intact in a consolidated market. Even using conservative estimates, the replacement cost of the fleet is around $18 billion, well above its current market cap—highlighting both scarcity value and high barriers to entry. Strong operating leverage and rising dayrates could rapidly accelerate free cash flow and deleveraging.

STEINHAUSEN, Switzerland, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean International Limited, a Bermuda exempted company limited by shares and a wholly owned subsidiary of Transocean Ltd. (the “Company” and, together with Transocean Ltd., “Transocean”), has priced its previously announced private offering of $500 million aggregate principal amount of Senior Priority Guaranteed Notes due 2032 (the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S (the “Notes Offering”). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Transocean Ltd. and certain of the Company's subsidiaries.