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 pursued a $5.8 billion merger with Valaris and reported a $1.6 billion backlog increase despite facing continued profitability challenges.

Company announcements

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.

April 14 Transocean

Transocean announces $425 million backlog for ultra-deepwater drillship

The Deepwater Corcovado received a 1,156-day contract extension with Petrobras, adding $445 million in incremental backlog through November 2030.

April 2 Transocean

Transocean announces $1.0 billion in contract awards and debt retirement

The awards include a harsh environment semisubmersible contract in Norway and ultra-deepwater drillship extensions in Brazil, plus early retirement of senior secured notes.

Media coverage

Yesterday Yahoo Finance

Barclays Upgrades Transocean (RIG) to Overweight

Transocean Ltd. (NYSE:RIG) is one of the 10 Best European Growth Stocks to Buy. On May 7, 2026, Barclays upgraded Transocean ...

May 14 Yahoo Finance

Transocean (RIG) Is Up 6.3% After Swing to Profit on Record Dayrates and New Contracts

In the past quarter ended March 31, 2026, Transocean Ltd. reported net income of US$71 million versus a net loss of US$79 million a year...

May 8 Offshore Energy

Transocean’s $5.8 billion merger with Valaris pending US antitrust clearance - Offshore Energy

Switzerland-based Transocean’s business combination play for the Bermuda-incorporated Valaris is facing extended antitrust scrutiny.

May 6 Quiver Quantitative

Transocean Ltd. Releases Quarterly Fleet Status Report with New Contracts Valued at $1.6 Billion | Quiver Quantitative

Transocean announced new contracts totaling approximately $1.6 billion, increasing its backlog to $7.1 billion.Quiver AI SummaryTransocean Ltd. has released its quarterly Fleet Status Report, detailing...

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