5 Mar 2018director interest notice● Neutral
Transocean Ltd. EVP & COO John B Stobart exercised stock options for 107,828 shares and disposed of 21,636 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Mar 2018director interest notice● Neutral
Transocean Ltd. President & CEO Jeremy D Thigpen exercised stock options for 166,696 shares and disposed of 33,446 shares.
5 Mar 2018director interest notice● Neutral
Transocean Ltd. EVP & CFO Mark-anthony Lovell Mey exercised stock options for 70,828 shares and disposed of 14,212 shares.
5 Mar 2018director interest notice● Neutral
Transocean Ltd. SVP and Corporate Controller David A Tonnel exercised stock options for 47,994 shares and disposed of 6,695 shares.
5 Mar 2018director interest notice● Neutral
Transocean Ltd. EVP, CAO & CIO Howard E Davis exercised stock options for 54,626 shares and disposed of 6,785 shares.
5 Mar 2018director interest notice● Neutral
Transocean Ltd. director Frederik Wilhelm Mohn bought 2,000,000 shares on the open market.
20 Feb 2018production update● Neutral
The February 19, 2018 fleet status report now lists the Songa rigs (Enabler, Encourage, Endurance, Equinox) with Statoil contracts, and lists Poseidon as working for Shell from Feb-18 to Feb-28 at $519,000/day. Invictus is shown with BHP from Apr-18 to Mar-20, Asgard has a Murphy Oil contract Feb-18 to Jun-18, and Discoverer India has a CNR contract in Ivory Coast Apr-18 to Nov-18. Discoverer Luanda is stacked as of February 2018 and Discoverer Clear Leader is idle from Nov 2017. The Songa rigs appearing in the report indicates the Songa deal has gone through, though this filing does not itself say so (inference). The Spitsbergen is shown with a Statoil contract Jul-19 to Apr-22. The report still lists two JSPL drillships under construction with no contracts.
20 Feb 2018quarterly activities report▼ Bad
Transocean Ltd. reported quarterly revenue of $629.0 million and a net loss of $111.0 million for the period ended 2017-12-31.
15 Feb 2018director interest notice● Neutral
Transocean Ltd. SVP and Corporate Controller David A Tonnel sold 9,000 shares.
12 Feb 2018director interest notice● Neutral
Transocean Ltd. President & CEO Jeremy D Thigpen acquired 775,393 shares and disposed of 296,282 in a set of related equity transactions.
12 Feb 2018director interest notice● Neutral
Transocean Ltd. EVP & COO John B Stobart acquired 277,763 shares and disposed of 36,461 in a set of related equity transactions.
12 Feb 2018director interest notice● Neutral
Transocean Ltd. EVP & CFO Mark-anthony Lovell Mey acquired 296,733 shares and disposed of 112,052 in a set of related equity transactions.
12 Feb 2018director interest notice● Neutral
Transocean Ltd. SVP & General Counsel Brady K Long received a stock option grant for 140,670 shares.
12 Feb 2018director interest notice● Neutral
Transocean Ltd. EVP, CAO & CIO Howard E Davis received a stock option grant for 151,221 shares.
12 Feb 2018director interest notice● Neutral
Transocean Ltd. SVP and Corporate Controller David A Tonnel acquired 138,784 shares through company equity transactions.
8 Feb 2018substantial holder notice● Neutral
The Vanguard Group reported a Transocean Ltd. shareholding of 33,344,970 shares (8.52% of votes) in a periodic institutional filing.
5 Feb 2018substantial holder notice● Neutral
Frederik W. Mohn, Perestroika AS disclosed a new substantial Transocean Ltd. shareholding (15.40% of votes).
1 Feb 2018director interest notice● Neutral
Transocean Ltd. director Perestroika received 31,096,351 shares as part of the equity award.
1 Feb 2018director interest notice● Neutral
Frederik Wilhelm Mohn became a Transocean Ltd. director and company insider (initial ownership filing).
1 Feb 2018director interest notice● Neutral
Perestroika became a Transocean Ltd. director and company insider (initial ownership filing).
1 Feb 2018director interest notice● Neutral
Transocean Ltd. director Frederik Wilhelm Mohn received 31,120,553 shares as part of the equity award.
30 Jan 2018substantial holder notice● Neutral
BlackRock, Inc reported a Transocean Ltd. shareholding of 35,420,304 shares (9.10% of votes) in a periodic institutional filing.
17 Jan 2018agm notice● Neutral
Transocean Ltd. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
9 Jan 2018agm notice● Neutral
Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
5 Jan 2018agm notice● Neutral
Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
21 Dec 2017contract award▲ Good
Transocean Spitsbergen, a harsh environment rig, won a 22-well contract (about 33 months, plus two one-well options) with Statoil in the Norwegian North Sea, with about $286 million of firm backlog excluding performance incentives. It is expected to start in Q3 2019. The press release also now gives the fleet as 39 units with three ultra-deepwater drillships under construction or contracted (the October release said 38 units and four).
20 Dec 2017capital raising announcement● NeutralMajor
Transocean, Transocean Inc. and Songa amended the deal agreement and the pre-acceptances again on December 19, 2017, moving the long stop date from January 31, 2018 to February 15, 2018; the agreements otherwise remain in force. Separately, on December 15 Transocean Inc. agreed private exchanges: about $273.5 million of 0.5% exchangeable senior bonds due 2023 (exchangeable into about 26.6 million Transocean shares) in return for Songa's SONG04 bonds (NOK 1.206 billion at 103.5%), SONG05 bonds (NOK 587.0 million at 101%) and Perestroika's $50 million loan (at 100%). These close with the Songa offer, and Transocean intends to call remaining SONG04/SONG05 bonds for cash after completion. For shareholders, the bonds could add roughly 26.6 million shares if exchanged, a potential dilution; the filing says more shares may be needed if terms adjust. This turns the earlier proposal for exchangeable bonds into signed agreements.
20 Dec 2017agm notice● Neutral
Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
14 Nov 2017director interest notice● Neutral
Transocean Ltd. SVP & General Counsel Brady K Long exercised stock options for 35,666 shares and disposed of 4,918 shares.
1 Nov 2017quarterly activities report▼ Bad
Transocean Ltd. reported quarterly revenue of $808.0 million and a net loss of $1417.0 million for the period ended 2017-09-30.