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Deepwater Insight

Tommy Lee

Deepwater Floaters and E&P

Platform
Substack
PricingOnly free issuesPublishesWeekly
Issues23SubscribersRead deepwaterinsight.com

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Latest Issues

Recent posts by this newsletter. Browse the email archive.

RIG Contracting and Jubilee

Transocean’s strong contract book has shielded it from 2025–early 2026 industry “white space,” as discussed in Dayrate Duration. As backlog dwindles down, the contract driller appears willing to wait out weaker bids from competitors rather ...

a month ago
41
8

RIG Credit: Deepwater CLO?

In response to questions from Transocean’s Capital Structure, this covers secured debt market options to potentially refinance bonds with heavy amortization schedules and debtor-friendly terms of existing secured debt including (1) Secured ...

2 months ago
29
5

Transocean's Capital Structure

Transocean is a pure-play deepwater driller with a leading fleet by specification and geographic reach—anchored by (i) two 8G drillships with 20k-psi completion capability, (ii) eight ‘7G+’ drillships with 1,400-st hookload, and (iii) seven...

2 months ago
54
16

RIG Share Issuance Quick Thoughts

I have no positions in any securities noted in this article

2 months ago
56
6

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Authors

The writers behind this newsletter.

  • Tommy Lee

    Deepwater Floating Rigs, E&P and High yield debt.

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