Transocean’s CEO Steven Newman Resigns

Offshore driller Transocean Ltd. (NYSE:RIG) has announced the departure of its CEO and President Steven Newman amid the downturn in the industry led by the 50% drop in oil prices since mid-2014.

Offshore Driller Transocean's Dividend Is Safe Despite Oil Woes

This article was first published by TheStreet on December 18, 2014

By Sarfaraz A. Khan. Research Asst. Daniel Lawrence

NEW YORK (TheStreet) - Some offshore drillers will have to cut dividends to adjust to shrinking cashflow amid an oversupply of drilling rigs and deteriorating crude prices, but Transocean (RIG)  shareholders may avoid this fate thanks to the company's strong balance sheet and Swiss corporate governance rules. 

Last month, Seadrill (SDRL) suspended its dividends to preserve its balance sheet, while analysts have warned that others might do the same.

Seadrill’s Strong Dividends Could Sink in Stormy Seas, Analyst Warns

This article was originally published by TheStreet on November 1, 2014. Seadrill subsequently suspended its dividends less than four weeks later after the publication of this story. 

By Sarfaraz A. Khan

NEW YORK (TheStreet) -- Seadrill (SDRL) , one of the leading providers of drilling rigs to oil and gas producers for offshore projects, offers a juicy yield of more than 17%. But this might not be sustainable.

In an email interview with TheStreet, Longdley Zephirin, principal and analyst at the research company Zephirin Group said that for Seadrill, the chances of a dividend cut in the near future are "high; however, the chance of the company skipping a quarterly dividend payment is even higher."