Transocean adds $1.06 billion to backlog through Shell and Equinor contracts
SHEL Shell Plc ADR
$100.18 -0.02%
View chart & analysis → 
- 1Transocean's new contract worth $62 million was signed with Shell in Norway.
- 2Equinor gave final approval for $1 billion in contract value for Transocean in late September.
- 3The total $1.06 billion added to Transocean's confirmed backlog increases visibility for North Sea drilling activities.
So what's the key point?
Transocean secured large new projects from Shell and Equinor. These contracts mean there is more work to do in the North Sea, making future activities clearer.
Source Oilprice.com · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.