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Transocean Inc(RIG-N)
NYSE

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Real-Time Last Update Last Sale Cboe BZX Real-Time
Day Low5.49
Day High5.70
Open:5.52
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MarketBeat
2 Offshore Drilling Stocks Set to Extract Big Profits

Profile

Transocean, Inc. is the world's largest offshore drilling contractor and leading provider of drilling management services. The company provide rigs on a contractual basis to explore and develop oil and gas. Transocean offers offshore drilling rigs, equipment, services and manpower to exploration and production companies world wide. Its fleet can be broadly divided into two distinct groups based on drilling capabilities: ultra-deepwater floaters and harsh environment floaters. Transocean's fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business. Transocean acquired Norway-based drilling contractor Songa Offshore and snapped up smaller rival Ocean Rig UDW.