Will Transocean and Seadrill Merge Amid Offshore Expansion?
RIGTransocean(RIG) ZACKS·2024-10-28 19:15

According to reports, two of the largest offshore drillers, Transocean Ltd. (RIG) , based in Switzerland, and Seadrill Limited (SDRL) , based in Hamilton, Bermuda, are discussing a potential merger, which would help the companies capitalize on the recent rebound of the oil and gas exploration industry. Following the news, shares of both companies moved higher, although they have experienced significant declines year to date. Zacks Investment Research Image Source: Zacks Investment Research Potential Impact ...