Core Insights - Transocean, Inc. added approximately $199 million to its contract backlog in Q2 2025, securing four new contracts and extensions with various customers [1][8] - The total contract backlog reached approximately $7.2 billion as of July 16, 2025, indicating strong demand for the company's advanced fleet and drilling management services [6][8] Contract Extensions and New Contracts - The Transocean Spitsbergen rig secured a contract extension with Equinor for offshore work in Norway, with a dayrate of $395,000 [2] - Transocean Equinox received a contract extension from an undisclosed client in Australia, with a dayrate of $540,000, scheduled to begin drilling for ConocoPhillips in September 2025 [3] - A new contract was secured for the Deepwater Skyros drillship with Murphy Oil, involving drilling three wells in Ivory Coast at a dayrate of $361,000, starting in December 2025 [4] - The Deepwater Mykonos drillship received a 60-day extension with Petrobras, with an option for an additional 120 days [5]

Group 1 - Eni S.p.A has signed a long-term sales and purchase agreement with Venture Global Inc. for the purchase of 2 million tons per annum of LNG from the CP2 LNG facility in Louisiana, marking Eni's first long-term agreement with a U.S.-based LNG company [2][8] - The SPA has a duration of 20 years and is expected to enhance Europe's energy security by diversifying LNG supplies, supporting Eni's strategy to expand its presence in the global LNG market [2][8] - With Eni's agreement, the total contracted volume from the CP2 LNG facility has reached 13.5 million tons per annum, with other customers including PETRONAS and SEFE [3][8] Group 2 - Venture Global is developing multiple LNG projects, including the CP2 Project, which is currently under development, and is expected to begin LNG exports by the third quarter of 2027 [4] - The Calcasieu Pass and Plaquemines facilities have already started exporting LNG cargoes under long-term contracts, contributing to the overall growth of Venture Global's LNG export capabilities [4]