Transocean Ltd. (NYSE: RIG), a leading player in offshore drilling, today announced a three-year contract for its new ultra-deepwater drillship, the Deepwater Aquila, with a national oil company in Brazil. Slated to commence in Q3 2024, the contract represents a firm backlog of approximately $486 million, excluding a mobilization fee calculated at 90 times the […]
Transocean has bagged a $181 million worth contract extension from Equinor Energy for its harsh environment semisubmersible Transocean Spitsbergen drilling rig in Norwegian waters. The contract extension covers the drilling of an additional nine wells and comes with a couple of one-well options, said the Switzerland-based offshore drilling contractor. According to Transocean, the extended contract […]
Energy acquisition news : Transocean, a Swiss offshore drilling contractor, has agreed to acquire its peer Ocean Rig, a Greece-based operator of semi-submersible oil rigs and UDW drillships, for $2.7 billion in a cash-cum-stock deal. Transocean acquisition of Ocean Rig is expected to help the Swiss firm bolster its fleet of ultra-deepwater and harsh-environment floating […]