Transocean Ltd. has received a 680-day preexisting, fixed price option for the Deepwater Corcovado, and an 815-day preexisting, fixed price option for the Deepwater Mykonos from Petrobras on Nov. 18.
Together these contract extensions add approximately $297 million to Transocean’s industry leading backlog. Both rigs will continue to operate in Brazil and are subject to annual indexed day rate escalations.
Enel, one of the world's biggest renewable energy companies developing green hydrogen projects in Spain, Chile and the U.S., agreed to work with Eni on plans to supply green hydrogen to two refineries in Italy.
Independent oil and gas producer Jadestone Energy sees an opportunity to expand as majors pivot to renewables.
Double Eagle intends to use the net proceeds from the private placement of $650 million senior notes to fully repay both its term loan and amounts outstanding under its revolving credit facility.