Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a fleet of 73 drilling rigs.

https://www.oedigital.com/news/535523-transocean-valaris-tie-up-to-create-17b-offshore-drilling-major-with-73-rigs?utm_source=AOGDigital-ENews-2026-02-10&utm_medium=email&utm_campaign=OEDigital-ENews