Welcome to our dedicated page for Transocean news (Ticker: RIG), a resource for investors and traders seeking the latest updates and insights on Transocean stock.
Transocean Ltd. (NYSE: RIG) is an international offshore contract drilling company that focuses on ultra-deepwater and harsh environment projects for oil and gas wells. Its news flow frequently highlights contract awards, option exercises and updates to its fleet of 27 mobile offshore drilling units, which includes 20 ultra-deepwater floaters and seven harsh environment floaters.
Visitors to this RIG news page can review company announcements about new drilling campaigns and extensions for specific rigs such as Deepwater Atlas, Deepwater Mykonos, Deepwater Skyros, Transocean Enabler and Transocean Barents. Recent press releases have detailed multi-well contracts in regions including the U.S. Gulf, Brazil, Norway, Romania and Australia, along with the associated additions to Transocean’s firm contract backlog.
Beyond operational contracts, Transocean’s news also covers financial and capital structure developments. The company has reported private offerings of Senior Priority Guaranteed Notes due 2032, cash tender offers for outstanding senior notes, and underwritten public offerings of its shares, all documented through coordinated press releases and Form 8-K filings.
Investors can also find announcements related to quarterly earnings releases, teleconference schedules and the publication of the Fleet Status Report, which summarizes the status and contract details of the company’s offshore drilling rigs. This mix of operational, financial and fleet information makes the RIG news stream a key source for understanding how Transocean’s contracts, backlog and capital structure evolve over time.
For anyone tracking offshore drilling activity, contract visibility or Transocean’s role in ultra-deepwater and harsh environment markets, this page aggregates the company’s latest publicly released information in one place.
Transocean (NYSE: RIG) announced firm contract fixtures for two harsh-environment semisubmersibles in Norway totaling approximately $184 million in backlog. Transocean Encourage received a seven-well extension (~365 days; ~$152 million backlog) starting Q1 2027 in direct continuation of current work. Transocean Enabler had two one-well options exercised (~70 days; ~$32 million backlog), committing the rig through December 2027. Backlog figures exclude additional services.
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Transocean (NYSE: RIG) will acquire Valaris in an all-stock transaction valued at approximately $5.8 billion, creating a combined company with a pro forma enterprise value of ~$17 billion and an estimated pro forma market capitalization of $12.3 billion.
The combined fleet will total 73 rigs and an industry-leading backlog of ~$10 billion. The deal implies Transocean shareholders will own ~53% and Valaris shareholders ~47% of the combined company. The transaction targets >$200 million of identified synergies and aims to close in H2 2026, subject to approvals.
Transocean (NYSE: RIG) will report fourth-quarter 2025 earnings and issue a fleet status report on Thursday, February 19, 2026 after market close on the NYSE. A teleconference is scheduled for Friday, February 20, 2026 at 9:00 a.m. EST / 3:00 p.m. CET. Participants should dial +1 785-424-1619 about 15 minutes early and use conference code 788952. A listen-only simulcast will be available at www.deepwater.com under Investors > News & Webcasts. A replay will be available after 12:00 p.m. EST / 6:00 p.m. CET on February 20, 2026 via +1 402-220-6068 with passcode 788952 and will also be posted on the company's website for approximately 30 days.
Transocean (NYSE: RIG) announced a contract award and an extension for two drilling rigs representing approximately $168 million of firm backlog.
In Brazil, the Deepwater Mykonos received a bp contract for an estimated 302-day campaign starting in Q3 2026, contributing ~$120 million in backlog excluding additional services and mobilization/demobilization compensation. In Norway, three one-well options for the Transocean Enabler added an incremental 105 days and ~$48 million in backlog, committing the rig through September 2027.
Transocean (NYSE: RIG) executed a six-well contract in Australia for the drillship Deepwater Skyros, adding approximately $130 million of backlog. The estimated 320-day campaign is expected to start in Q1 2027 and the backlog figure excludes compensation for mobilization and demobilization. The award includes priced options that, if fully exercised, could keep the drillship working in Australia into early 2030.
Transocean (NYSE: RIG) announced Nov 18, 2025 contract fixtures for one ultra-deepwater drillship and two harsh-environment semisubmersibles totaling approximately $89 million in firm contract backlog.
Details include a 90-day Petrobras option for Deepwater Mykonos contributing about $33 million, a two-well Norway option for Transocean Enabler at $453,000/day (excl. additional services), and a one-well Romania option for Transocean Barents at $480,000/day.
Transocean (NYSE: RIG) reported a net loss attributable to controlling interest of $1.92 billion (loss of $2.00 per diluted share) for Q3 2025. Results included $1.985 billion of net unfavorable items, led by a $1.908 billion after‑tax asset impairment. Adjusted net income was $62 million ($0.06 diluted EPS). Contract drilling revenues rose sequentially to $1.03 billion and adjusted EBITDA was $397 million (38.7% margin). Cash from operations was $246 million, capex was $11 million, and backlog stood at $6.7 billion. The company said completed transactions are expected to reduce total debt ~$1.2 billion and annual interest expense ~$83 million by end of 2025.
Transocean (NYSE: RIG) announced early tender results and an increase in the cash tender offer for two series of notes. The company raised the Maximum Tender Offer Amount from $50,000,000 to $100,000,000 and accepted $88,998,000 of 7.35% Senior Notes due 2041 and $15,767,000 of 7.00% Notes due 2028 (post-proration).
The proration factor for the 2028 Notes is approximately 13.17%. Payment of the Total Tender Offer Consideration plus accrued interest will be made in same-day funds on October 16, 2025. The company expects to fund purchases with proceeds from a New Notes Offering.
Transocean (NYSE: RIG) issued its quarterly Fleet Status Report on Oct 15, 2025 detailing recent contract updates for its offshore drilling fleet.
Key items: Deepwater Atlas customer exercised a 365-day option in the U.S. Gulf at a dayrate of $635,000; Deepwater Mykonos customer exercised a 30-day option in Brazil. The aggregate incremental backlog from these fixtures is approximately $243 million, and the company reported a total backlog of approximately $6.7 billion as of Oct 15, 2025.
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