Transocean Ltd. Provides Quarterly Fleet Status Report; Aggregate Incremental Backlog Associated With These Fixtures Is ~$326M. As Of February 14, 2024, The Company's Total Backlog Is ~$9B
Portfolio Pulse from Benzinga Newsdesk
Transocean Ltd. (NYSE:RIG) released its quarterly Fleet Status Report, revealing an aggregate incremental backlog of approximately $326 million from new contracts in the Romanian Black Sea, Angola, and the U.S. Gulf of Mexico. The company's total backlog as of February 14, 2024, stands at about $9 billion.
February 14, 2024 | 10:11 pm
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Transocean Ltd. (RIG) reported significant new contracts, adding approximately $326 million to its backlog, with a total backlog now at $9 billion.
The announcement of significant new contracts and an increase in the backlog to $9 billion is a strong indicator of future revenue and operational stability for Transocean. This positive news is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
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