Norway’s offshore workers reached a wage agreement providing a 5.2% pay increase and higher pension contributions, preventing a strike that had been scheduled to begin at midnight.
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.
Transocean has secured approximately $185 million in offshore drilling contracts for Transocean Norge and Transocean Equinox, covering future work in Norway and Australia.
Equinor received regulatory approval to use the Transocean Encourage semi-submersible rig for drilling operations at the Åsgard field offshore Norway.
Transocean’s $5.8 billion all-stock merger with Valaris is under extended US antitrust review after the Department of Justice requested additional information.
Transocean has secured a 390-day, five-well contract for the Deepwater Asgard drillship in the Eastern Mediterranean, adding about $158 million to backlog.
Transocean has secured a 1,156-day extension from Petrobras for Deepwater Corcovado, adding about $445 million to backlog and keeping the drillship working through November 2030.
Transocean added about $1.0 billion to backlog through a new Transocean Barents contract in Norway and extensions for Deepwater Orion and Deepwater Aquila offshore Brazil.
Deepwater Thalassa arrived in Freeport, The Bahamas for ~42 days of preparations before mobilising to offshore Mexico for a three-year Woodside term at the Trion development.
