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Transocean secures $1.1B backlog after Equinor approval and $62M Shell fixture
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Transocean announced conversion of a $1.0 billion Equinor agreement to firm backlog and a new ~$62 million two-well contract with A/S Norske Shell. Key Highlights: Equinor agreement for three harsh-environment semisubmersibles is now fully approved, adding ~$1.0B to backlog. Transocean Norge awarded a two-well Shell contract (~120 days) contributing ~ $62M in firm backlog, plus one single-well option. Total reported firm contract backlog is approximately $1.1B following…