Transocean Ltd. announced contract awards totaling approximately $1.0 billion, including a 1,095-day contract for the Transocean Barents in Norway and extensions for two drillships in Brazil. Additionally, the company retired $358 million in senior secured notes, aiming to reduce interest expenses and simplify its balance sheet. Transocean plans to retire a total of $0.75 billion of debt in 2026.
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