# Transocean Receives Final Approval for $1 Billion Equinor Deal, Adds Shell Contract

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/30430
Published: 2026-10-12T15:40:47.000Z
Updated: 2026-10-12T15:40:47.000Z
Section: Business

> A separate $62 million Shell agreement expands Transocean’s contracted work in the North Sea.

Transocean (RIG) received final approval for its previously announced $1 billion Equinor (EQNR) contract and secured $62 million of North Sea work through a separate Shell (SHEL) contract, expanding its contracted revenue pipeline in the region.

The Equinor agreement completes the approval process for the previously announced contract. The separate Shell agreement adds $62 million in new contracted work.

Together, the contracts increase the value of work secured by Transocean in the North Sea. The announcements were made Monday, Oct. 12, 2026.