Transocean has entered into an agreement with Equinor for three Cat D harsh environment semisubmersible rigs on the Norwegian shelf, adding more than $1 billion in contract backlog.
Dolphin Drilling has secured a multi-year contract for the semi-submersible rig Borgland Dolphin with a UK operator, adding approximately $239 million to its firm backlog and extending earnings visibility through 2031.
Transocean reported 2025 operating revenues of $4.0 billion, improved revenue efficiency and cash flow, reduced principal debt to $5.7 billion, and reported backlog of about $6.1 billion as of 19 February 2026.
Valaris reported nearly $900 million in new awards and extensions, lifting backlog to about $4.7 billion in its 17 February 2026 fleet status update across drillships and jackups.
Seadrill has secured a one-year extension for drillship West Saturn after Equinor Brasil Energia exercised a priced option. The deal adds $114 million to backlog and runs through October 2027.
Seadrill has secured a one-year extension for drillship West Saturn after Equinor Brasil Energia exercised a priced option. The deal adds $114 million to backlog and runs through October 2027.
Gulf Marine Services secures a European contract for two Large-class vessels spanning 985 days, lifting contracted backlog to $540 million as offshore regional support continues.
