Transocean Ltd. (RIG) , an offshore drilling contractor, has secured another significant contract extension for its Deepwater Asgard drillship with Hess Corporation (HES) , a U.S. oil and gas exploration and production company. This extension, valued at $188 million, ensures the drillship will continue its operations in the U.S. Gulf of Mexico for another year. The contract is expected to begin immediately following the conclusion of the rig’s current program.Overview of Deepwater AsgardSpecifications and C ...