- Transocean reported uneventful fourth quarter results last week.
- Latest fleet status report showed decent dayrate improvements in the Gulf of Mexico but the ongoing absence of long-term contracts resulted in backlog declining by $0.6 billion to $6.5 billion.
- Company needs to extend its $1.3 billion credit facility and secure additional employment for the so-called CAT-D rigs, a quartet of semi-submersibles purpose-built to the specifications of Equinor.
For further details see:
Transocean: With Gulf Of Mexico Dayrates Soaring, Company Expects To Reactivate Cold-Stacked Drillships Soon