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Transocean Ltd

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  • Oil spill-related grants announced by foundation Monday, 17 Nov 2014 | 7:14 PM ET

    NEW ORLEANS— A national conservation agency on Monday announced more than $99 million in projects funded through a settlement resulting from the 2010 Gulf of Mexico oil spill— including more than $13 million for restoration work on Louisiana's coast. Alabama is receiving $9.6 million of the latest grants, which will fund four projects; Mississippi is getting...

  • *Statoil is test case via exploration in Canada fields. OSLO, Nov 16- Norway's Statoil risks millions of dollars in extra costs in Canada- a test case that could spell problems for other oil firms too as coastal states extend their seabed territories far into resource-rich ocean depths. The rules- articles of the U.N. Convention on the Law of the Sea- have thus far been...

  • Transocean reports 3Q loss Friday, 14 Nov 2014 | 1:37 PM ET

    VERNIER, Switzerland _ Transocean Ltd. on Friday reported a loss of $2.22 billion in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share. Analysts expected $2.23 billion, according to Zacks.

  • Can low oil prices be good for the environment? Friday, 14 Nov 2014 | 11:35 AM ET

    NEW YORK— Deepwater drilling rigs are sitting idle. Enormous new projects to squeeze oil out of the tar sands of Canada are being shelved. "Low prices keep the dirty stuff in the ground," says Ashok Gupta, director of programs at the Natural Resources Defense Council.

  • Judge sticks to BP gross negligence ruling Thursday, 13 Nov 2014 | 6:25 PM ET

    NEW ORLEANS— A federal judge in New Orleans is sticking to his ruling that said BP's conduct in the 2010 Gulf of Mexico oil rig disaster amounted to "gross negligence." District Judge Carl Barbier on Thursday rejected BP's call to either amend his Sept. 4 judgment or hold a new trial on the issue. BP asserted that the testimony from Gene Beck, an expert for cement...

  • Transocean says likely to retire additional rigs Monday, 10 Nov 2014 | 10:30 AM ET

    Nov 10- Transocean Ltd, the owner of the world's largest offshore drilling fleet, said it was likely to retire additional rigs as the company continued to face pressure due to slowdown in an oversupplied rig market. Transocean, which was scheduled to report results last Thursday, recorded impairment charges of $2.62 billion in the third quarter ended Sept. 30 due.

  • Investors look east to China trading link Monday, 10 Nov 2014 | 10:04 AM ET
    Floor traders monitor share prices during afternoon trading at the Hong Kong Stock Exchange.

    Asian indexes rallied on news that a link between Shanghai and Hong Kong's exchanges will move forward, opening the $2 trillion market fully to foreign investment.

  • Early Movers: RIG, GOGO, PFE, GM, TWX & more Monday, 10 Nov 2014 | 7:53 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Midday movers: Allergan, Freshpet, Transocean & more Friday, 7 Nov 2014 | 12:35 PM ET

    Some of Friday's midday movers:

  • Early Movers: HD, GPS, NKE, KING, SHLD & more Friday, 7 Nov 2014 | 8:06 AM ET

    Some of the names on the move ahead of the open.

  • Nov 7- Rig contractor Transocean Ltd said it expected to incur impairment charges of $2.76 billion in the third quarter and would delay its results for the period, sending its shares down as much as 10 percent premarket. Rig operators such as Transocean have been battered this year as new rigs enter service, adding to an already oversupplied market.

  • Nov 7- Rig contractor Transocean Ltd expects to incur impairment charges of $2.76 billion in the third quarter as it grapples with an oversupplied offshore drilling market, and said it would delay its quarterly results. The owner of the world's largest offshore drilling fleet was expected to report results after market close on Thursday.

  • Lightning Round: Time to pull the trigger Wednesday, 5 Nov 2014 | 7:39 PM ET

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Midday movers: Amgen, Ford, Vitamin Shoppe & more Tuesday, 4 Nov 2014 | 12:54 PM ET

    Some of Tuesday's midday movers:

  • Stocks mixed; energy sector smacked by oil's drop Monday, 3 Nov 2014 | 4:40 PM ET
    A trader works on the floor of the New York Stock Exchange Oct. 31, 2014.

    Stocks rose Monday, after October gains left the Dow Jones Industrial Average and S&P 500 at records.

  • Oct 23- Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 4.5 percent rise in third-quarter revenue, helped by higher demand and improved rates for its ultra-deepwater rigs. Diamond Offshore said Petrobras has extended contracts on three ultra-deepwater rigs, which are expected to generate revenue of up to $1.4...

  • Oct 23- Rig contractors Diamond Offshore Drilling Inc and Patterson-UTI Energy Inc reported big drops in quarterly profits, hurt by one-time charges to retire some old rigs. Offshore driller Diamond Offshore recorded a non-cash impairment charge of $109 million, pushing its third-quarter net income down 44 percent. Diamond Offshore said on Thursday it had...

  • Your first trade for Wednesday Tuesday, 21 Oct 2014 | 6:01 PM ET

    The "Fast Money" traders share their final trades of the day.

  • But offshore drillers such as Transocean Ltd are expected to post lackluster quarterly sales as new rigs ordered in boomtime hit the seas, creating overcapacity in an already crowded market. Revenue at Transocean, the second-biggest global offshore driller by market value, is expected to fall 15 percent- its steepest in three years- according to Thomson...

  • Oil slide wipes out stock market gains Tuesday, 14 Oct 2014 | 4:17 PM ET
    A trader works on the floor of the New York Stock Exchange.

    Stocks failed to hold gains after a strong rally, as oil's late-day plunge overshadowed the bounce in tech, transports and industrials.