Transocean Surges to 442nd in Trading Volume with $218 Million Day as Equinor Contract Boosts Backlog

On June 13, 2025, Transocean (RIG) saw a significant increase in trading volume, reaching $218 million, a 34.8% rise from the previous day. This surge placed Transocean at the 442nd position in terms of trading volume for the day. The stock price of Transocean also rose by 3.43%, marking its seventh consecutive day of gains, with a total increase of 25.76% over the past week.

Transocean has recently strengthened its backlog with a contract extension from Equinor. This extension, which excludes additional services, adds $100 million to Transocean's current backlog. The contract involves the Transocean Spitsbergen rig and extends into 2026, providing a significant boost to Transocean's financial outlook.

This contract extension is a strategic move for Transocean, as it secures a substantial portion of its future revenue. The additional $100 million to the backlog not only enhances the company's financial stability but also positions it favorably in the competitive offshore drilling market. The extension of the Transocean Spitsbergen rig deal into 2026 ensures that Transocean will continue to benefit from Equinor's operations, further solidifying its market presence.