Valaris (NYSE:VAL) has entered into a definitive all stock merger agreement to be acquired by Transocean. The combination is set to create the largest offshore oil rig company in the public markets.

Transocean (RIG) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to a loss of $0.09 per share a year ago. These figures are ...

The companies are merging as the outlook for offshore oil drilling improves.

Offshore drilling is a cyclical business, and improving contract activity can lift earnings sharply. GeoSphere’s new stake in Borr Drilling highlights renewed interest in that recovery.

Transocean (RIG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in ...

The share price of Transocean Ltd. (NYSE:RIG) surged by 21.34% between February 6 and February 13, 2026, putting it among the ...

Mary Nishimoto aboard M/V Danny C cargo ship in front of Platform Holly. (Courtesy photo) The Santa Barbara Maritime Museum (SBMM) will host Mary ...

Oilfield services firm Transocean (NYSE:RIG) will acquire offshore rig contractor Valaris (NYSE:VAL) in an all-stock deal valued at ~$5.8B ...

Nature lovers, scientists and politicians worry the beloved California coastline, from the Redwoods to Santa Monica, will be endangered by the Trump administration's latest call for expanded offshore ...

It’s back—the federal government’s push to expand offshore oil drilling. As the headline last month in the Long Island newspaper Newsday reported: “Plan for New Oil Drilling Off Fla. and Calif. Coasts ...

MONTEREY – A roundtable of local business leaders was convened by Rep. Jimmy Panetta, D-Carmel Valley, on Thursday in ...

The San Diego County Board of Supervisors on Tuesday adopted a resolution vowing to fight efforts by the Trump administration to expand offshore oil and gas drilling more than three miles off the ...