7 Aug 2026quarterly activities report● Neutral
Transocean Ltd. reported quarterly revenue of $966.0 million and net income of $170.0 million for the period ended 2026-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Aug 2026quarterly activities report● Neutral
Transocean Ltd. reported quarterly revenue of $966.0 million and net income of $170.0 million for the period ended 2026-06-30.
7 July 2026director interest notice● Neutral
Transocean Ltd. insider Chad C Deaton bought 35,000 shares on the open market at $4.95.
1 July 2026contract award▲ GoodMajor
Transocean announced on June 30, 2026 an agreement with Equinor, conditional on license approvals, for three harsh-environment rigs in Norway worth over $1 billion of backlog over seven rig years (base day rate $399,000, effective rate expected to exceed $400,000 at start): Enabler 3 years and Encourage 2 years, both from Q1 2028 straight after current programs, and Endurance 2 years from Q2 2027 after moving back from Australia. Separately, the filing says the CFIUS (US foreign-investment review) condition for the Valaris merger was satisfied on June 29, 2026; the DOJ antitrust review (Second Request from May 4) is still open, with the companies committed not to certify compliance before July 31, 2026 and not to close until 60 days after both certify, and they still expect to complete in the second half of 2026.
1 July 2026agm notice● Neutral
Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
16 June 2026contract award▲ Good
On June 16, 2026, Transocean announced two harsh-environment rig awards totaling about $185 million of firm backlog: Transocean Norge with Harbour Energy in Norway (five wells, ~300 days from Q1 2028, ~$149 million, directly after its current program, plus three one-well options) and Transocean Equinox with Santos in Australia (two wells, ~90 days from Q2 2027, ~$36 million, plus five one-well options). This continues the run of new backlog additions earlier in 2026.
27 May 2026director interest notice● Neutral
Transocean Ltd. insider Vanessa C L Chang received a stock option grant for 30,435 shares.
27 May 2026director interest notice● Neutral
Transocean Ltd. insider Domenic J Dell'osso Jr. received a stock option grant for 30,435 shares.
27 May 2026director interest notice● Neutral
Transocean Ltd. insider Frederico F. Curado received a stock option grant for 30,435 shares.
27 May 2026director interest notice● Neutral
Transocean Ltd. insider Vincent J Intrieri received a stock option grant for 30,435 shares.
27 May 2026director interest notice● Neutral
Transocean Ltd. insider William F. Lacey acquired 112,788 shares and disposed of 20,934 in a set of related equity transactions.
27 May 2026director interest notice● Neutral
Transocean Ltd. insider Chad C Deaton acquired 112,788 shares and disposed of 20,932 in a set of related equity transactions.
27 May 2026director interest notice● Neutral
Transocean Ltd. insider Frederik Wilhelm Mohn acquired 112,788 shares and disposed of 25,597 in a set of related equity transactions.
27 May 2026director interest notice● Neutral
Transocean Ltd. insider Glyn Anthony Barker received a stock option grant for 30,435 shares.
27 May 2026director interest notice● Neutral
Transocean Ltd. insider Samuel J. Merksamer received a stock option grant for 30,435 shares.
22 May 2026director interest notice● Neutral
Transocean Ltd. EVP & Chief Legal Officer Brady K Long sold 81,741 shares at $7.45.
19 May 2026business combination● NeutralMajor
On May 19, 2026, Transocean and Valaris filed a preliminary joint proxy statement (not final; meeting dates still blank) for the Valaris merger. Transocean shareholders will vote on issuing the new shares (15.235 per Valaris share), a share capital band for Valaris incentive awards and warrants, the NYSE 20% issuance rule, and electing Dick Fagerstal and Kristian Johansen to the board plus two compensation committee members, all effective only if the deal closes. Existing Transocean holders are expected to own about 53% and Valaris holders about 47% of the combined company on a fully diluted basis (assuming the 2029 exchangeable bonds convert). The board unanimously recommends a yes vote; share issuance approval is a closing condition. It also includes an unrelated proposal to remove an obsolete article (Article 38) from the articles of association.
19 May 2026agm notice● Neutral
Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
19 May 2026material agreement● Neutral
On May 19, 2026, Transocean agreed with Famatown Finance Limited and Kristian Johansen (plus related parties) to nominate Mr. Johansen to its board at the special shareholder meeting, with his election conditional on a shareholder vote and the Valaris acquisition closing. Famatown gets re-nomination rights for two years after that meeting, an observer right if no Famatown nominee is on the board, and agrees to standstill and voting covenants; the agreement ends if Famatown holds under 3.5% of Transocean's shares or breaches its commitments. This adds a board seat tied to the pending Valaris deal.
5 May 2026director interest notice● Neutral
Transocean Ltd. PRESIDENT AND CEO Keelan Adamson exercised stock options for 180,931 shares and disposed of 71,556 shares.
5 May 2026agm notice● Neutral
Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
5 May 2026quarterly activities report● Neutral
Transocean Ltd. reported quarterly revenue of $1081.0 million and net income of $71.0 million for the period ended 2026-03-31.
5 May 2026business combination▼ BadMajor
On May 4, 2026, the US Department of Justice sent Transocean and Valaris a 'Second Request' for more information on their planned merger (15.235 Transocean shares per Valaris share, signed Feb 9, 2026). This extends the US antitrust waiting period until 30 days after both companies have substantially complied, so the deal's timing is now less certain; the companies say they are working cooperatively with the DOJ. Transocean had withdrawn its original March 2 filing on April 1 and refiled on April 3.
4 May 2026quarterly activities report● Neutral
Transocean Ltd. reported quarterly revenue of $1081.0 million and net income of $71.0 million for the period ended 2026-03-31.
16 Apr 2026contract award▲ Good
On April 16, 2026, Transocean announced a five-well, ~390-day contract for the Deepwater Asgard in the Eastern Mediterranean with an undisclosed operator, starting in Q4 2026 and adding about $158 million of backlog. The company says April's awards (Barents, Orion, Aquila, Corcovado and this one) total about $1.6 billion of additions since the start of the month.
14 Apr 2026contract award▲ GoodMajor
On April 14, 2026, Transocean announced a 1,156-day Petrobras extension for the Deepwater Corcovado, adding about $445 million of backlog and committing the rig through November 2030. Existing backlog drops by about $20 million over roughly 525 days before the new term starts in September 2027. It continues the run of Brazil extensions from early April.
2 Apr 2026contract award▲ GoodMajor
On April 2, 2026, Transocean announced about $1.0 billion of new firm backlog: Transocean Barents with Vår Energi in Norway (1,095 days at $450,000/day, ~$490 million, starting by mid-Q2 2027), Deepwater Orion with Petrobras (1,095-day extension, ~$420 million, through March 2030) and Deepwater Aquila with Petrobras (365-day extension, ~$160 million, through June 2028). Existing backlog on Orion and Aquila falls by about $20 million and $10 million before the extensions start. Separately, the company repaid its 8.375% Titan senior secured notes in full on March 20, 2026 ($358 million principal plus call premium and interest, paid from cash and a reserve account), saving about $39 million of interest to maturity, and expects to retire $0.75 billion of debt in 2026 including this. This closes out one of the notes listed in earlier debt.
31 Mar 2026agm notice● Neutral
Transocean Ltd. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
31 Mar 2026agm notice● Neutral
Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
27 Mar 2026substantial holder notice● Neutral
The Vanguard Group reported no remaining Transocean Ltd. shareholding in its periodic institutional filing.