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Transocean Ltd. (NYSE:RIG) announced Wednesday that it plans to dispose of five drilling rigs and related assets, resulting in an expected non-cash impairment charge of approximately $1.9 billion in its third quarter 2025 financial results.
According to a statement based on a Securities and Exchange Commission filing, the rigs to be sold for recycling or alternative use are the Discoverer Clear Leader, Discoverer Americas, Deepwater Champion, Henry Goodrich, and Discoverer India. The company said these rigs are now classified as held for sale.
The decision to dispose of these assets was made on Wednesday. The anticipated impairment charge reflects the reduction in the book value of the rigs and associated assets due to their planned sale.
Transocean is incorporated in Switzerland and its shares are listed on the New York Stock Exchange under the symbol RIG. The company’s announcement was made in a press release statement included with its SEC Form 8-K filing.
No additional financial details about the sale or specific buyers were disclosed in the filing.
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