Mergers & Acquisitions ·
Transocean Ltd. announced a contract agreement with Equinor for the use of three harsh environment semisubmersible…
RIGTransocean Ltd.
Transocean Ltd. announced a contract agreement with Equinor for the use of three harsh environment semisubmersible rigs on the Norwegian shelf, valued at over $1 billion in contract backlog over seven rig years. Additionally, the company is progressing with its proposed business combination with Valaris Limited, having received CFIUS approval on June 29, 2026, which satisfies one of the key regulatory conditions for the transaction. Transocean Ltd. is an offshore drilling company providing deepwater drilling services.