Transocean Ltd. (NYSE:RIG) secures new drilling assignment in Norwegian Sea from Equinor ASA (NYSE:EQNR) for a wildcat well. Equinor operates license with partners Var Energi, Petoro, and TotalEnergies EP Norge. Drilling activities to commence in July using Transocean’s Transocean Encourage rig.

In 2023, Transocean secured 9-well contract for Transocean Encourage for drilling activities on Norwegian Continental Shelf/NCS, with provision for drilling 6 optional wells. Transocean Ltd. (NYSE:RIG) provides offshore contract drilling services for oil & gas wells in Switzerland and internationally.

Equinor ASA (NYSE:EQNR) explores, produces, transports, refines, and markets petroleum and other forms of energy in Norway and internationally. While RIG offers investment potential, certain AI stocks may offer greater upside with less downside risk. See our report on the best short-term AI stock for more information.

Read more at Yahoo Finance: Transocean Secures New Drilling Contract with Equinor in Norwegian Sea, Commencing July