Energy Daily-06/17/2026

研报英文原文证据摘录

Energy Daily-06/17/2026

stNOKprice53.2 -1-1.4day% -1-0.6week% 10.7YTD% - EV/EBITDA5.5x

service (and well) intensity is up (less shipyard activity). DEMEIntegratedGroupWind Solutions NOK€ 185.259.6 -2.90.0 %% -0.32.2 %% 34.722.3 %% -- 5.0x7.2x

SIF Group € 6.1 0.7 % -2.4 % -10.1 % - 3.1x• Estimates meanwhile discounts flattish activity, while valuation in many cases Average -2.3 % 1.3 % 26.7 %

suggests a decline if anything. Drillers Last price -1 day -1 week YTD EV/EBITDA5.2x

Transocean $ 5.6 -4.1 % -7.0 % 35.4 % 18.9% 7.4x

Valaris $ 82.6 -4.6 % -7.1 % 64.0 % 10.1% 9.4x

RIG – Adds backlog in Norway at attractive terms NobleSeadrill Ltd. $$ 40.243.5 -3.6-5.1 %% -10.2-6.0 %% 57.616.2 %% 5.6%7.1% 7.3x5.3x

• Transocean has been awarded a five-well contract (~300 days) with Harbour BorrOdfjellDrillingDrilling NOK $85.14.3 -6.1-1.5 %% -4.6-4.4 %% 7.22.5 %% 7.4%- 7.2x5.2x

Energy in Norway, including three one-well options. The work will be in direct SEDNoramEnergyDrillingHoldings NOKNOK40.78.3 -0.4-3.8 %% -5.10.2 %% 29.37.8 %% -- 4.5x5.9x

continuation of the current program and is set to commence in Q1’28. AverageOil service Last price -1-4.1day% -1-6.7week% 41.9YTD% EV/EBITDA7.4x

• The dayrate of USD ~497k/day (excl. mob and additional services) represents SchlumbergerHalliburton $$ 53.137.2 -1.2-2.6 %% -6.4-4.4 %% 32.839.8 %% 3.8%3.7% 9.9x8.2x

a step-up from the current USD ~450k/day, and is above our estimate of USD Baker Hughes $ 61.5 -1.5 % -2.4 % 36.1 % 2.5% 11.5x

475k/day, implying a positive read-through for dayrate momentum in Norway TechnipFMCSaipem $€67.04.6 -2.2-4.7 %% -4.23.9 %% 96.550.6 %% 2.6%- 11.4x4.3x

• Transocean also has three additional rigs in Norway (all with Equinor) SubseaAker Solutions7 NOKNOK343.045.4 -2.32.6 %% 2.33.9 %% 77.375.2 %% -- 5.9x5.0x