Transocean Ltd (NYSE:RIG) shares are trading higher premarket Wednesday. On Tuesday, the company disclosed a 365-day contract for the Deepwater Atlas with BP p.l.c. (NYSE:BP) in the U.S. Gulf of Mexico.
The program is set to begin in the second quarter of 2028. The contract, including a 365-day option, is expected to add around $232 million to the backlog, excluding mobilization fees, with no additional services provided.
Last week, the company announced that a subsidiary ...