Transocean Ltd. Announces Contract Awards Totaling $1.0 Billion and Retirement of Senior Secured Notes
Transocean Ltd (Switzerland) (RIG)
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm
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Source: GlobeNewswire
STEINHAUSEN, Switzerland, April 02, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced awards of a contract for a harsh environment semisubmersible in Norway and contract extensions for two ultra-deepwater drillships in Brazil. In aggregate, the fixtures represent approximately $1.0 billion in incremental firm contract backlog, as follows. The Transocean Barents was awarded a 1,095-day contract with Vår Energi ASA in Norway at a rate of $450,000 per day, excluding additional services. The program is anticipated to commence by the middle of the second quarter of 2027 and is expected to contribute approximately $490 million in backlog, excluding compensation for mobilization and demobilization. The contract also includes options that, if fully exercised, could keep the rig working in Norway into 2034. The Deepwater Orion was awarded a 1,095-day contract extension with Petrobras in direct continuation of its current activity. The extension is expected
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News
- Transocean Awarded $1 Billion in New, Extended Contracts; Retires 8.375% Notes due 2028 [Yahoo! Finance]Yahoo! Finance
- A Look At Transocean (RIG) Valuation After A Strong Year Of Share Price Gains [Yahoo! Finance]Yahoo! Finance
- 3 Reasons to Sell RIG and 1 Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- NYSE Content Advisory: Pre-Market Update + Crypto Firm BitGo Prices NYSE IPO Above Range at $18 a Share [TheStreet.com]TheStreet.com
- Transocean (RIG) was downgraded by Clarkson Capital from "strong-buy" to "hold".MarketBeat
RIG
Earnings
- 2/19/26 - Miss
RIG
Sec Filings
- 4/2/26 - Form 8-K
- 3/31/26 - Form ARS
- 3/31/26 - Form DEFA14A
- RIG's page on the SEC website