Transocean Ltd. announced that its ultra-deepwater drillship, Deepwater Conqueror, was awarded a two-well contract in Equatorial Guinea with an undisclosed operator. The estimated 170-day campaign is expected to commence in 2027, following the rig's current U.S. Gulf contract, and will contribute approximately $80 million to backlog, excluding mobilization and demobilization costs. Transocean operates as a leading international provider of offshore contract drilling services for oil and gas wells.

Transocean Ltd. announced a two-year binding Letter of Award for the Dhirubhai Deepwater KG2 with ONGC in India. The campaign is expected to commence in the first quarter of 2027 and contribute approximately $300 million in contract value, inclusive of additional services and mobilization fees. The agreement includes two years of priced options that, if fully exercised, would extend the drillship's work in India into early 2031. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells.

Transocean Ltd. reported second quarter 2026 financial results on August 5, 2026, posting net income of $170 million or $0.04 per diluted share, compared to a loss in the prior year period. Contract drilling revenues were $966 million with revenue efficiency at 97.0%, while adjusted EBITDA reached $312 million. The company generated $212 million in free cash flow and ended the quarter with total liquidity exceeding $1.3 billion. Transocean added approximately $292 million in contract backlog at a weighted average dayrate of about $461,000, bringing total backlog to roughly $6.7 billion as of August 5, 2026. The filing also includes guidance for the third quarter and full year 2026, projecting contract drilling revenues between $920 million and $960 million for Q3. Transocean is a leading international provider of offshore contract drilling services specializing in ultra-deepwater and harsh environment operations.

Transocean Ltd. announced a contract agreement with Equinor for the use of three harsh environment semisubmersible rigs on the Norwegian shelf, valued at over $1 billion in contract backlog over seven rig years. Additionally, the company is progressing with its proposed business combination with Valaris Limited, having received CFIUS approval on June 29, 2026, which satisfies one of the key regulatory conditions for the transaction. Transocean Ltd. is an offshore drilling company providing deepwater drilling services.

Transocean announced contract awards for two harsh environment semisubmersibles totaling approximately $185 million in firm backlog. The Transocean Norge secured a five-well contract with Harbour Energy in Norway for an estimated 300 days of work starting Q1 2028, contributing $149 million. The Transocean Equinox secured a two-well contract with Santos in Australia for an estimated 90 days of work starting Q2 2027, contributing $36 million. Both contracts include additional one-well options. Transocean operates in the offshore drilling industry, providing deepwater drilling services to the oil and gas sector.