Valaris

Energy Advisors: Offshore, Two Rig Ghosts Become a “Rate Reaper”

February 18, 2026

(Oil and Gas 360) – Energy Advisors examines the strategic implications of Transocean’s $5.8 Bn all-stock acquisition of Valaris. Click here to download the report. Still counting? Transocean + Valaris means there’s one less number to call. Devon + Coterra was the recent icebreaker onshore, where 1 + 1 targets 3, and everyone nods about “synergies” and dreams of “big and lean.”

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

February 9, 2026

(World Oil) – Transocean Ltd. has agreed to acquire offshore driller Valaris Ltd. in an all-stock transaction valued at approximately $5.8 billion, creating what the companies say will be the world’s highest-specification offshore drilling fleet and one of the largest global offshore contractors. The combined company will have an implied enterprise value of about $17 billion and a pro forma market capitalization of

Energy Advisors: Offshore, Two Rig Ghosts Become a “Rate Reaper”

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

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