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SDRL News3 articles
Transocean Shares Slide 5.9% as Oil Price Drop Overshadows $185M Contract Backlog
Transocean shares tumbled 5.9% to $5.25 as oil prices fell on a US-Iran deal to reopen the Strait of Hormuz, overshadowing $185 million in new contract backlog.
Transocean Stock Dips as Oil Rally Fails to Lift Offshore Driller
Transocean shares slipped 1.2% to $6.18 even as crude oil surged near $100 on Middle East tensions, with investors focused on a new rig contract in Australia and the pending Valaris merger.
Transocean Gains on Oil Rebound, Advances Valaris Merger
Transocean shares advanced alongside a rebound in oil prices. The company is moving forward with its all-stock acquisition of Valaris, aiming to create a 73-rig fleet and reduce leverage.