Update: Transocean Shares Rise After $80 Million Drillship Contract for Work in Equatorial Guinea

02:19 PM EDT, 09/15/2026 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.) Transocean (RIG) shares rose 7.6% in Tuesday trading after the company said it signed an $80 million two-well contract for the Deepwater Conqueror drillship with an undisclosed operator for work in Equatorial Guinea. Deepwater Conqueror will undertake an estimated 170-day campaign, set to begin in 2027. The contract is expected to contribute about $80 million in backlog, excluding additional services and compensation for mobilization and demobilization, Transocean said. Price: 5.87, Change: +0.42, Percent Change: +7.61