For Institutions
About
U.S. energy firms reduced oil and gas rigs for the second consecutive week, with the count dropping to 542, the lowest since September. Oil rigs fell to their lowest since September 2021. Despite declining rig counts, the EIA projects crude output to rise to 13.6 million bpd in 2025, while gas output is expected to increase to 107.7 bcfd. Analysts forecast a decline in crude prices, but a 63% rise in gas prices in 2025 could boost drilling activity.
Transocean's stock has rallied 13.3% recently, sparking investor interest due to strategic contract wins and offshore drilling demand. Analysts suggest the stock is undervalued by 52.9% based on a Discounted Cash Flow analysis, with projected Free Cash Flow rising significantly by 2035. The Price-to-Sales ratio indicates a balanced valuation. Investors are encouraged to consider narratives beyond numbers, integrating forecasts and industry changes into their valuation approach.
Transocean Director Frederik Wilhelm Mohn has acquired common shares of Transocean Ltd. The acquisition was reported through EDGAR by the U.S. Securities and Exchange Commission. This information is for informational purposes only and not financial advice.
U.S. energy firms added oil and gas rigs for the second consecutive week, according to Baker Hughes. The total rig count rose by 1 to 549, the highest since October 24. Despite the increase, the count is still 6% below last year's figures. Oil rigs increased by three to 417, while gas rigs decreased by three to 125.
Nekkar ASA’s subsidiary Intellilift, in collaboration with InteliWell, has secured a contract to provide automation services for the Transocean Deepwater Titan drillship in the Gulf of America. The InteliWell platform will be installed to enhance drilling efficiency and automate well construction tasks. Intellilift will deliver services under a fixed-sum project and a Software-as-a-Service fee. This is the fourth deployment of the InteliWell automation platform.
