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Transocean Ltd.
Transocean Ltd. will hold shareholder meetings on November 24, 2026, to vote on the business combination with Valaris Limited. Under the agreement, each Valaris share will be exchanged for 15.235 Transocean shares, with the transaction expected to close on or about December 1, 2026, subject to court sanction.…more
Transocean Ltd.
Transocean has secured new drilling contracts for two of its ultra-deepwater drillships in the U.S. Gulf, totaling approximately $550 million in firm contract backlog. The Deepwater Proteus is expected to contribute $325 million over a 700-day campaign starting in Q1 2027, while the Deepwater Conqueror will contribute $225 million over 450 days starting in Q3 2027.…more
Transocean Ltd.
Transocean announced on October 15, 2026, that its subsidiary, Transocean International, entered into an amended credit agreement to increase its revolving credit facility from $510 million to $750 million and extend the maturity to October 2031. Additionally, the company fully retired $165 million of its 8.00% Senior Secured Notes due 2028 on October 1, 2026, to reduce interest expenses and simplify its balance sheet.…more
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Transocean Secures $550M in Gulf of Mexico Drilling Contracts
Transocean has been awarded two contracts for its ultra-deepwater drillships in the U.S. Gulf of Mexico, totaling approximately $550 million in firm backlog. These projects are scheduled to commence in 2027, providing long-term revenue visibility for the company.…more
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Transocean has been awarded contracts for two ultra-deepwater drillships in the U.S. Gulf, totaling approximately $550 million in firm backlog. These agreements strengthen the company's revenue visibility through 2027.…more
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Transocean has entered into an amended credit agreement to extend its maturity to 2031 and increase its revolving facility. Additionally, the company retired $165 million in senior secured notes to improve its balance sheet and reduce interest expenses.…more
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