NYSE:RIGEnergy Services
How New Deepwater Contracts With bp and Equinor At Transocean (RIG) Has Changed Its Investment Story
In early January 2026, Transocean Ltd. reported a new contract for its Deepwater Mykonos rig with bp in Brazil and an extension for the Transocean Enabler in Norway, together adding approximately US$168 million in firm backlog and extending work on the Enabler through September 2027.
These awards further build Transocean’s contracted work pipeline, reinforcing the role of long-term offshore projects in supporting its future revenue visibility.
Next, we’ll consider how this additional US$168...