trending Market Intelligence /marketintelligence/en/news-insights/trending/IF6MQU3eMekS8STuo-6OGw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Transocean adds $353M in backlog from new rig contracts, exercised options

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper

Energy Evolution Podcast

US energy officials push innovation to meet evolving energy needs

Energy Evolution Podcast

Energy futurist sees major challenges for renewables in next 30 years


Transocean adds $353M in backlog from new rig contracts, exercised options

Swiss driller Transocean Ltd. secured an additional $353 million in contract backlog from new contracts and exercised options, according to a Jan. 8 release.

In terms of new contracts, the company's Leiv Eiriksson was tapped for work in Norway by ConocoPhillips Co. for 125 days. The Discoverer Inspiration bagged a 120-day contract for work in the U.S. Gulf of Mexico by Talos Energy Inc. The Deepwater Asgard was granted a 200-day contract by Beacon Offshore Energy LLC in the U.S. Gulf of Mexico. An undisclosed customer granted the Development Driller III a 365-day contract for work in Trinidad, while Woodside Petroleum Ltd. tapped the Dhirubhai Deepwater KG2 for a 180-day contract in Myanmar.

In addition, BHP Group exercised a 365-day option for the Deepwater Invictus in the U.S. Gulf of Mexico. Equinor ASA exercised two 32-day options for the Transocean Norge for work in Norway. Petroliam Nasional Bhd. exercised a 180-day option for the Deepwater Nautilus for work in Malaysia, while Beacon exercised a 74-day option for the Deepwater Asgard for work in the U.S. Gulf of Mexico.

According to a separate Jan. 8 release, Transocean Ltd. subsidiary Transocean Inc. has begun an offering of $750 million senior unsecured notes due 2027.

Proceeds will be used to refinance, repurchase and/or redeem certain existing debt in one or more transactions and/or for general corporate purposes.