On September 15, Transocean rose 5.14% in regular trading, trading at $5.75/share, with turnover of approximately $63.41 million.

On the news front, the company announced that its Deepwater Conqueror ultra-deepwater drillship was awarded a two-well contract valued at $80 million for operations in Equatorial Guinea. The award extends a streak of contract wins that has significantly bolstered the company's backlog in recent months, including an agreement with Equinor for three harsh environment semisubmersible rigs worth over $1 billion, a $300 million two-year letter of award with ONGC in India, a $445 million extension with Petrobras for the Deepwater Corcovado, and roughly $1 billion in combined new contracts and extensions announced in early April.

Fundamentally, the company reported Q2 adjusted EPS of $0.03, beating the consensus estimate of $0.02, while revenue of $966 million also topped expectations. The company subsequently raised its full-year contract drilling revenue guidance to $3.90 billion–$3.98 billion, up from $3.80 billion–$3.90 billion previously, signaling improving operational momentum.

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