Transocean News

Transocean Ltd. announced today that the newbuild ultra-deepwater drillship Discoverer Americas has commenced operations in the U.S. Gulf of Mexico for Statoil Gulf of Mexico, a subsidiary of Statoil ASA, under a four-year drilling contract.

There were no real surprises in the third-quarter earnings reported by Transocean last week.

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Exxon Mobil Chemical's /quotes/comstock/13*!xom /quotes/nls/xom affiliate TonenGeneral said Wednesday it's launching a 50-50 joint venture with Toray Industries to develop products for the battery separator film business.

He's up 1,334%! See what David's recommending that you buy NEXT! Click here now to find out! Before we dig into this quarter's report by Transocean , I thought I should point out that the company has not "gone dark" and ceased filing with the SEC.

Oil and gas companies, faced with commodity prices sharply down from last year, have put pressure on the companies that serve them to get costs down.

Before the open this morning, Transocean Ltd. announced third-quarter earnings fell 33% as it wrote down the value of rigs held for sale because of weak demand.

Transocean is due to report earnings Wednesday ahead of the opening bell. Analysts expect per-share results of $2.67, 29% lower than a year ago.

It wasn't at all clear last May that the stock market had bottomed two months earlier.

Stocks are going haywire this week, up and down with no apparent rhyme or reason.

Last quarter, we saw National Oilwell Varco taken down a notch following a 9% sequential contraction in its backlog.

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As all Fools know, oil prices have jumped around in the past five quarters like a proverbial cork in a storm.

TheStreet.com's stock-rating model upgraded offshore oil and gas driller Transocean to "buy." The numbers : Second-quarter net income fell 24% to $806 million and earnings per share dropped 25% to $2.49, hurt by a higher share count.

Call traders targeted Transocean LTD. on Friday, as investors place their bets ahead of the company's turn in the earnings limelight on Wednesday, Nov.

Transocean, the world's largest offshore drilling company, was sued by a member of the Saudi royal family who claims he was cheated of his share of multimillion-dollar contracts won using his trade secrets.

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Lower rig utilization may dent earnings, but the lucrative deepwater market looks promising.

Transocean Morgan Keegan WE ARE INCREASING our third-quarter 2009 earnings-per-share estimate for Transocean to $2.66 from $2.49, building in additional utilization, and increasing our 2009 EPS estimate to $11.98 from $11.57. The company updated its fleet status noting expected downtime for the entire fleet during 2010, which was the primary ...

In its latest fleet status update, deepwater titan Transocean revealed some more rot in the shallow end of the drilling pool.