We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Transocean Ltd | NYSE:RIG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.0397 | 0.64% | 6.2897 | 6.43 | 6.27 | 6.30 | 16,673,793 | 00:00:00 |
By Josh Beckerman
Offshore driller Transocean Ltd. (RIG) plans to dispose of two more rigs, and expects related noncash charges of $90 million to $110 million after tax.
The company said its GSF Aleutian Key and Sedco 707 are now classified as held for sale.
As of March 18, Transocean operated 68 mobile offshore drilling units. At that time, the company said it expected charges of $300 million to $325 million as it announced the disposal of four rigs.
The company spent billions of dollars to expand its fleet just before oil prices collapsed. It has since tried to correct operations, selling and disposing of rigs and "stacking," rather than idling, more of its rigs. "Stacked" rigs, typically idled for longer periods, have lower operating costs as they are unmanned or staffed with a reduced crew.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Transocean Chart |
1 Month Transocean Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions