# Transocean Shares Rise 4.8%, Close Above 20-Session Bollinger Band By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/35773 Published: 2026-10-20T16:19:42.000Z Updated: 2026-10-20T16:19:42.000Z Section: Investing > The stock ended Oct. 19 at $5.89, about $0.09 above the upper band. Earlier that day, Transocean announced two U.S. Gulf awards representing about $550 million in firm contract backlog. Transocean Ltd. shares rose 4.8% to $5.89 at Monday’s close, finishing above their 20-session Bollinger band on a day when the offshore driller announced two U.S. Gulf contracts representing about $550 million in firm backlog. The stock gained $0.27 from its Oct. 16 close of $5.62. At the Oct. 19 regular-session close, 4 p.m. ET (20:00 UTC), it stood about $0.09 above the upper band of approximately $5.80. That band is calculated from a 20-session moving average and two population standard deviations of closing prices. Transocean announced the [two U.S. Gulf drillship awards]() at 6:10 a.m. ET (10:10 UTC), before the market opened. The timing establishes that the announcement preceded the share-price gain, but does not establish how much of the move the contracts caused. The Deepwater Proteus award covers 10 wells and an estimated 700 days of work, with roughly $325 million in expected backlog. The Deepwater Conqueror award covers five wells and about 450 days, with roughly $225 million in expected backlog excluding mobilization fees. Transocean also announced on Oct. 9 that Equinor had granted final approval to an earlier agreement in late September, bringing approximately $1 billion into firm backlog. A separate award accounted for about $62 million. The Proteus campaign is expected to begin in the first quarter of 2027, followed by the Conqueror campaign in the third quarter. ## Links in this article - [two U.S. Gulf drillship awards](https://www.tokenpost.com/news/business/35062)