NYSE:RIGEnergy Services
Transocean (RIG) Is Up 14.5% After Securing $184 Million In New Norway Rig Backlog – Has The Bull Case Changed?
Earlier this month, Transocean Ltd. announced new contract fixtures for two harsh-environment semisubmersibles in Norway, adding approximately US$184 million of firm backlog and extending work on Transocean Encourage and Transocean Enabler through late 2027.
This fresh backlog supports higher utilization of some of Transocean's most capable rigs, underscoring the resilience of demand for harsh-environment offshore drilling capacity.
We’ll now examine how these new Norwegian harsh-environment...