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Transocean Ltd.

NYSE:RIG
US$5.39Close 7 Oct 2026 · delayed

Past year: ▲ 40%(3.84 – 6.82 USD)

Market cap
A$8.52bn
Shares on issue
1.12bn
Story beats
73 since 2016
Last event
1 July 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

5 Mar 2026director interest notice● Neutral

Transocean Ltd. EVP, Chief Commercial Officer Roderick James Mackenzie sold 78,370 shares at $6.36.

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3 Mar 2026director interest notice● Neutral

Transocean Ltd. EVP, Chief Financial Officer Robert Thaddeus Vayda exercised stock options for 156,672 shares and disposed of 62,970 shares.

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3 Mar 2026director interest notice● Neutral

Transocean Ltd. EVP, Chief Commercial Officer Roderick James Mackenzie exercised stock options for 156,463 shares and disposed of 62,886 shares.

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3 Mar 2026director interest notice● Neutral

Transocean Ltd. PRESIDENT AND CEO Keelan Adamson exercised stock options for 318,176 shares and disposed of 127,878 shares.

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3 Mar 2026director interest notice● Neutral

Transocean Ltd. EVP & Chief Legal Officer Brady K Long exercised stock options for 218,177 shares and disposed of 87,689 shares.

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3 Mar 2026director interest notice● Neutral

Transocean Ltd. SVP, Chief Accounting Officer Jason Pack exercised stock options for 69,569 shares and disposed of 27,962 shares.

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3 Mar 2026director interest notice● Neutral

Transocean Ltd. Executive Chair Jeremy D Thigpen exercised stock options for 610,979 shares and disposed of 245,556 shares.

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17 Feb 2026agm notice● Neutral

Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).

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13 Feb 2026substantial holder notice● Neutral

Transocean Ltd. disclosed a new substantial Transocean Ltd. shareholding.

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11 Feb 2026contract award▲ Good

On Feb 11, 2026, Transocean announced about $184 million of firm backlog on two Norway rigs. The Transocean Encourage got a seven-well, ~365-day extension starting Q1 2027 (~$152 million), and two one-well options were exercised on the Transocean Enabler (70 days, ~$32 million), committing it through December 2027. Both continue work already under way, extending the Enabler's commitment from September 2027 set in January.

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11 Feb 2026agm notice● Neutral

Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).

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10 Feb 2026business combination● NeutralMajor

This is the formal filing of the Valaris deal announced on Feb 9, 2026. Transocean will acquire all Valaris shares at 15.235 Transocean shares per Valaris share, by a Bermuda court-approved scheme of arrangement. After closing, existing Transocean shareholders would own about 53% and Valaris shareholders about 47% of the combined company, so current holders would be diluted to 53%. Completion needs approval from both companies' shareholders, Bermuda court sanction, NYSE listing of the new shares and regulatory clearances, with an outside date of Feb 9, 2027 (extendable). Termination fees are $195m payable by Transocean and $173m payable by Valaris in specified cases, and expense reimbursement of up to $65m (Transocean) or $58m (Valaris) applies if a party's shareholders vote it down. Two Valaris directors would join Transocean's board, and Valaris warrants would be assumed by Transocean. This fills in the exchange ratio missing from the earlier notice.

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9 Feb 2026director interest notice● Neutral

Transocean Ltd. EVP, Chief Financial Officer Robert Thaddeus Vayda acquired 274,466 shares and disposed of 10,947 in a set of related equity transactions.

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9 Feb 2026director interest notice● Neutral

Transocean Ltd. EVP, Chief Commercial Officer Roderick James Mackenzie acquired 272,350 shares and disposed of 26,665 in a set of related equity transactions.

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9 Feb 2026director interest notice● Neutral

Transocean Ltd. SVP, Chief Accounting Officer Jason Pack acquired 105,840 shares and disposed of 11,557 in a set of related equity transactions.

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9 Feb 2026director interest notice● Neutral

Transocean Ltd. Executive Chair Jeremy D Thigpen acquired 780,866 shares and disposed of 147,729 in a set of related equity transactions.

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9 Feb 2026director interest notice● Neutral

Transocean Ltd. EVP & Chief Legal Officer Brady K Long acquired 335,163 shares and disposed of 40,294 in a set of related equity transactions.

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9 Feb 2026business combination● NeutralMajor

On February 9, 2026, Transocean and Valaris Limited (Bermuda) signed a Business Combination Agreement under which Transocean will acquire all Valaris shares in exchange for Transocean shares, via a court-approved Bermuda scheme of arrangement. The filing (a cover-box 'soliciting material' notice with press release and investor presentation) gives no exchange ratio or price in the text shown; completion needs regulatory and shareholder approvals, and a joint proxy statement is to follow. This is a major new thread and, if completed, would issue more shares to Valaris holders (an inference).

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9 Feb 2026director interest notice● Neutral

Transocean Ltd. PRESIDENT AND CEO Keelan Adamson acquired 843,569 shares and disposed of 51,709 in a set of related equity transactions.

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9 Feb 2026agm notice● Neutral

Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).

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28 Jan 2026director interest notice● Neutral

Transocean Ltd. EVP & Chief Legal Officer Brady K Long sold 115,378 shares.

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28 Jan 2026director interest notice● Neutral

Transocean Ltd. PRESIDENT AND CEO Keelan Adamson sold 81,533 shares.

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5 Jan 2026contract award▲ Good

On January 5, 2026, Transocean announced about $168 million of firm backlog: a new bp contract for the Deepwater Mykonos (about 302 days from Q3 2026, about $120 million) and three one-well options on the Transocean Enabler (105 extra days, about $48 million, committing it through September 2027). The Mykonos award follows its Petrobras option extensions and gives it work after those.

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8 Dec 2025director interest notice● Neutral

Transocean Ltd. PRESIDENT AND CEO Keelan Adamson sold 66,437 shares.

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5 Dec 2025director interest notice● Neutral

Transocean Ltd. EVP, Chief Commercial Officer Roderick James Mackenzie sold 35,000 shares at $4.48.

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4 Dec 2025director interest notice● Neutral

Transocean Ltd. insider Transocean LTD. sold 2,144,295 shares.

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1 Dec 2025director interest notice● Neutral

Transocean Ltd. Executive Chair Jeremy D Thigpen sold 500,000 shares at $4.32.

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1 Dec 2025director interest notice● Neutral

Transocean Ltd. EVP, Chief Financial Officer Robert Thaddeus Vayda sold 30,000 shares at $4.29.

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25 Nov 2025director interest notice● Neutral

Transocean Ltd. insider Perestroika bought 1,500,000 shares on the open market at $4.02.

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25 Nov 2025director interest notice● Neutral

Transocean Ltd. insider Frederik Wilhelm Mohn bought 1,500,000 shares on the open market at $4.02.

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