Transocean Ltd. (RIG) Announces Contract Extensions for Two of Its Ultra-Deepwater Drill Ships Totaling Around $243 Million

Group 1 - Transocean Ltd. announced contract extensions for two ultra-deepwater drill ships totaling approximately $243 million, with BP contributing an estimated $232 million and Petrobras adding $11 million [2][3] - The contract extensions highlight Transocean's ability to secure multi-region commitments and the ongoing demand for high-specification deepwater rigs in the Americas [3] - To enhance liquidity and operational stability, the company issued a $500 million private offering of Senior Priority Guaranteed Notes due 2032 at an interest rate of 7.875% [3] Group 2 - Transocean Ltd. is recognized as one of the top local suppliers of offshore contract drilling services for gas and oil wells, and is considered one of the best oil and gas penny stocks [4]