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Transocean to acquire Valaris in $5.8-billion deal, creating offshore drilling giant

Transocean to acquire Valaris in $5.8-billion deal, creating offshore drilling giant

by Offshore Reporter | Feb 9, 2026 | Offshore

Transocean’s $5.8-billion acquisition of Valaris will create one of the world’s largest and highest-spec offshore drilling fleets, signaling renewed confidence in a multi-year offshore upcycle and accelerating consolidation among global drilling contractors.

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