Transocean Ltd. released its quarterly fleet status report on Feb. 14, providing updates on the company’s fleet of offshore drilling rigs.
The Transocean Barents semisubmersible was awarded a minimum 540-day contract in the Romanian Black Sea at a rate of $465,000. The Deepwater Skyros drillship was given a three-well extension in Angola at a rate of $400,000, while the Deepwater Invictus drillship was awarded a 40-day contract in the U.S. Gulf of Mexico.
As of the report’s release, the aggregate incremental backlog associated with these fixtures is $326 million, with the company’s total backlog being approximately $9 billion.
Recommended Reading
OPEC+ Agrees to Delay October Output Hike for Two Months, Sources Say
2024-09-05 - Oil prices edged up from multi-month lows on reports of an OPEC+ delay as well as a decline in U.S. inventories, though gains were capped by persistent demand concerns.
Brent Crude Falls $1/bbl on Demand Fears
2024-09-04 - Brent crude oil prices fell to $72.75 on Sept. 4 on fears about demand in the coming months as crude producers offered mixed signals about supply increases.
OPEC Cuts 2024, 2025 Global Oil Demand Growth View Again
2024-10-14 - The weaker outlook highlights the dilemma faced by OPEC+, which is planning to start raising output in December after earlier delaying the hike against a backdrop of falling prices.
Oil Prices Rise as OPEC+ Considers Delaying December Output Increase
2024-10-30 - Oil prices rose more than 2% on Oct. 30 after Reuters reported that OPEC+ could delay a planned oil production increase in December by a month or more because of concern over soft oil demand and rising supply.
Saudi Signals Willingness to Weaken Oil Prices, Defend Market Share
2024-09-26 - Analysts caution that reports of Saudi Arabia abandoning a philosophy of supporting prices in favor of defending market share could be a move to get OPEC+ members in line rather than to launch a costly oil war with the U.S., among others.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.