Transocean Secures $62 Million Norwegian Contract From Shell

The EIA raised its Brent crude price forecast for 2026 and 2027. Four oil companies announced deals: Cenovus (CVE) to buy Athabasca for C$5.7B, Energy Transfer (ET) to acquire Vaquero for $2.6B, Chevron (CVX) to restructure Bakken pipelines, and Crescent (CRGY) to buy Devon's Eagle Ford assets for $3.85B. Shell (SHEL) reported a Q3 refining margin of $42/barrel.

Transocean added $1.1B to its backlog after Equinor approved a $1.0B deal for three harsh-environment semisubmersibles and Shell awarded a $62M two-well contract. The Shell work will start in Norway, with a single-well option. Total firm backlog now ~$1.1B, according to the company.

Transocean Ltd. (RIG) secured a $62m contract with A/S Norske Shell for two wells in Norway and added a $1b Equinor contract to its backlog. The deals involve three rigs and are expected to boost the company's offshore drilling operations. Transocean operates 27 mobile offshore drilling units, focusing on ultra-deepwater and harsh environment drilling.

Transocean Ltd. (RIG) filed an SEC Form 8-K — Regulation FD Disclosure. EXHIBIT 99.1 ​ ​ ​ Transocean Ltd. Announces Contract Backlog of Approximately $1.1 Billion, Including Fully Approved Equinor Agreement ​ STEINHAUSEN, Switzerland, October 9, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a new contract award

Transocean Ltd. (RIG) announced a $62M contract with A/S Norske Shell and a $1B contract approval from Equinor, adding to its backlog. The contracts involve the Transocean Norge rig and three harsh environment semisubmersible rigs. Transocean operates 27 offshore drilling units, focusing on ultra-deepwater and harsh environments.

Transocean (RIG) announced $1.1B in new contract backlog, including a $1B Equinor deal for three Norwegian rigs and a $62M Shell contract. The Equinor agreement was previously conditional and now converts to firm backlog.