- Transocean (RIG -1.6%) is lower after issuing its November fleet status report, which shows three floaters now idle and foreshadowing a wave of additional ready stackings if it does not start signing contracts soon.
- The Discoverer Enterprise was awarded a one-well contract extension in the Gulf of Mexico at a dayrate of $399K vs. a prior dayrate of $615K, and the Cajun Express was awarded a one-well contract extension in Senegal at a dayrate of $487K vs. a prior dayrate of $596K.
- Six rigs are rolling off contracts from now until the end of the year, and analysts assume their contracts will be renewed at a lower rate once they roll off; should the rigs not become renewed, further downward revisions to estimates would seem likely.