Shares of RIG are trading 10% higher today - a top energy sector gainer.

Shares of Transocean Inc (RIG) are trading 10% higher at a price of $3.325 at the time of this writing. The stock is trading higher on thematic energy sector buying, however it's outpacing it's peers in the sector by several percentage points.

Transocean, an international offshore drilling contractor, has seen its stock price increase due to the company releasing a decent fleet status report with a number of long-term contract awards across multiple regions.

Transocean Inc has been trading between a 52-week high of $5.56 and a 52-week low of $2.32. The stock has a market cap of $2.26 Billion.

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. Transocean specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and operates the highest specification floating offshore drilling fleet in the world. Transocean owns or has partial ownership interests in and operates a fleet of 37 mobile offshore drilling units consisting of 27 ultra-deepwater floaters and 10 harsh environment floaters.