Transocean Ltd. Announces $425 Million Additional Backlog for Ultra-Deepwater Drillship STEINHAUSEN, Switzerland, April 14, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Corcovado was awarded a 1,156-day contract extension with Petrobras in direct continuation of its current activity. The extension is expected to contribute approximately $445 million in incremental backlog and commit the rig through November 2030. Prior to the extension period, from April 1, 2026, until the commencement of the new contract in September 2027 (approxi...
In today's Morning Views publication we comment on developments of the following high yield issuers: Odido, Italmatch Chemicals, Borr Drilling, Benteler International, Bertrand Franchise, TAP, Lecta, TGS ASA, Air Baltic, Klockner Pentaplast, Selecta, Softbank Group
Transocean Ltd. Announces Contract Awards Totaling $1.0 Billion and Retirement of Senior Secured Notes STEINHAUSEN, Switzerland, April 02, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced awards of a contract for a harsh environment semisubmersible in Norway and contract extensions for two ultra-deepwater drillships in Brazil. In aggregate, the fixtures represent approximately $1.0 billion in incremental firm contract backlog, as follows. The Transocean Barents was awarded a 1,095-day contract with Vår Energi ASA in Norway at a rate of $450,000 per day,...
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