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

Latest News

TotalEnergies completes UK North Sea merger, creating largest independent producer

Chariot funds Angola offshore acquisition, secures stake in Block 14 production

Serica completes TotalEnergies asset deal, establishes West of Shetland gas hub

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