Latest Transocean News & Updates

See the latest news and media coverage for Transocean. We track all announcements, press releases, and industry mentions in real time, all in one place.

Transocean

Offshore drilling contractor

deepwater.com

Headquarters: Zug, Switzerland
Company type: Public company
Number of employees: 1,000–15,000

Last updated Today

Latest news about Transocean

In short: Transocean secured a $1 billion agreement with Equinor and announced a $5.8 billion all-stock merger with Valaris to expand its fleet.

Company announcements

June 30 Transocean

Transocean announces agreement with Equinor valued over $1 billion

The deal covers three harsh environment rigs for use on the Norwegian shelf, adding over $1 billion in backlog.

June 16 Transocean

Transocean announces contract awards totaling $185 million

The contracts cover five wells for Harbour Energy in Norway and two wells for Santos in Australia, adding backlog.

May 4 Transocean

Transocean reports first quarter 2026 results

Contract drilling revenues were $1.08 billion, net income $71 million, and adjusted EBITDA $440 million.

April 16 Transocean

Transocean announces $158 million award for ultra-deepwater drillship

The Deepwater Asgard was awarded a five-well contract in the Eastern Mediterranean Sea, expected to start in Q4 2026.

Media coverage

Yesterday MSN

Transocean forecasts $3.85B-$4B revenue in 2025 amid high fleet utilization

CEO Jeremy Thigpen highlighted strong financial results for Q4 2024, reporting adjusted EBITDA of $323 million on adjusted ...

June 30 Bloomberg Law

Transocean Climbs on Pact With Equinor Valued at Over $1B (1)

Transocean Ltd. shares jumped 2.6% in post-market trading after the offshore drilling contractor signed a pact with Equinor for the use of three of its...

June 20 Yahoo Finance

Transocean (RIG) Agrees To Buy Valaris As Shareholder Fairness Questions Emerge

Transocean (NYSE:RIG) has announced an all-stock agreement to acquire offshore driller Valaris. The deal structure and ...

June 15 Yahoo Finance

ProFrac and Transocean Shares Plummet, What You Need To Know

A number of stocks fell in the afternoon session after the U.S. and Iran signed an interim agreement that would waive sanctions on Tehran's oil...

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