Earnings
Transocean Won't Restart Idle Drillships Without A Contract, Even As 2027 Coverage Nears 95%
Executives told analysts a restart takes 12 to 15 months and that returns must be "guaranteed" before they spend.
RIG
Transocean (RIG) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
SEC Filings
Transocean Board Pitches Valaris Deal With $200 Million In Synergies Ahead Of November 24 Vote
The board unanimously urges a "FOR" vote on issuing shares for the all-stock merger, citing a $12.7 billion combined backlog.
SEC Filings
Transocean Revenue Slips To $937 Million As Fewer Rigs Work, But Backlog Reaches $8.0 Billion
The driller added $2.0 billion of backlog, paid off $200 million of Deepwater Aquila debt early and expects the Valaris deal to close December 1.
Deals
Transocean And Valaris Holders Vote November 24 On All-Stock Deal, With Court Hearing Two Days Later
Closing on the Valaris takeover is targeted for about December 1 if a Bermuda court sanctions the deal.
SEC Filings
Transocean Wins Two U.S. Gulf Drillship Contracts Adding About $550 Million To Backlog
The Deepwater Proteus and Deepwater Conqueror each have firm work with undisclosed operators, starting in 2027.
SEC Filings
Transocean Signs $750 Million Revolver Running To October 2031, Contingent On Valaris Deal
The credit line replaces a $510 million facility, and the company says it also paid off $165 million of Aquila notes early.
Earnings
Brazil's Antitrust Authority Clears Transocean's Valaris Deal With No Restrictions
Transocean and Valaris still expect to close in the fourth quarter of 2026, after a 15-day waiting period.
Deals
Transocean And Valaris Holders Vote November 24 On Deal That Gives Valaris Owners 47%
Both boards unanimously back the fixed-ratio, all-stock combination, and both shareholder meetings fall on the same day.
SEC Filings
Transocean Moves $1.0 Billion Equinor Contract Into Firm Backlog, Adds $62 Million Shell Norway Job
An 8-K says Equinor gave final approval to three Norway rigs, and Shell awarded the Transocean Norge two wells.