Transocean Ltd. (NYSE:RIG) is one of the 7 best oil and gas penny stocks to buy according to analysts, supported by hedge fund interest and strong upside potential. Transocean Ltd. (RIG) Announces Contract Extensions for Two of Its Ultra-Deepwater Drill Ships Totaling Around $243 Million On October 1, 2025, to strengthen its backlog in important offshore markets, Transocean Ltd. (NYSE:RIG) announced contract extensions for two of its ultra-deepwater drill ships totaling around$243 million. BP will contr ...