RIG

STEINHAUSEN, Switzerland, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that its wholly owned subsidiary, Transocean International Limited (the “Company”), entered into an amended and restated credit agreement with Citibank, N.A., as administrative agent and collateral agent, and certain lenders. The effectiveness of the agreement is subject to customary conditions and the closing of Transocean Ltd.'s previously announced acquisition of Valaris Limited.

STEINHAUSEN, Switzerland, Oct. 12, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) announced today that it will report earnings for the third quarter 2026 and issue a fleet status report on Monday, November 2, 2026, after the close of trading on the New York Stock Exchange.

RIG adds $1.1 billion to its firm backlog through Shell and Equinor deals, strengthening contracted drilling activity and future work visibility offshore Norway.

STEINHAUSEN, Switzerland, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a new contract award representing approximately $62 million in firm contract backlog and the formal approval of the previously announced Equinor agreement resulting in conversion of the $1.0 billion contract value to firm backlog.

RIG clears a key hurdle in its Valaris deal as DOJ approval advances the $5.8 billion acquisition toward its planned 2026 close.

Transocean receives a 'Hold' rating due to valuation concerns and uninspiring technicals despite sector strength. Q2 results beat expectations with $0.03 EPS and $966 million revenue, but the share price response was muted, and profitability remains mixed. RIG boasts high contract coverage and strong FCF yield and expects deepwater utilization near 100% by 2027, yet it faces high short interest and debt risks.

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RIG secures an $80 million Equatorial Guinea deal, keeping Deepwater Conqueror contracted after its Gulf of Mexico assignment ends.

Here is how Transocean (RIG) and Seadrill (SDRL) have performed compared to their sector so far this year.

Transocean stock jumped by 9% after the company announced a major contract for its Ultra-Deepwater drillship, signaling that its business was seeing substantial traction. RIG soared to $5.94, up by over 22% from its lowest level in July.