Transocean wins $1B+ Equinor contract, clears CFIUS hurdle for Valaris merger

Filed July 1, 2026 · Period ending June 29, 2026 · ~1 min read

Key Changes

• high

  Secured $1B+ contract with Equinor for three harsh-environment rigs over seven years at effective day rates exceeding $400K, starting 2027-2028 (conditional on license approvals).

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
• high

  Received CFIUS approval for Valaris acquisition on June 29, satisfying a key closing condition for the merger announced in February 2026.

  Item 8.01 — Other Events verify on EDGAR →
• high

  DOJ issued Second Request on May 4 for antitrust review; companies committed not to certify compliance before July 31, with 60-day wait after certification unless DOJ terminates early.

  Item 8.01 — Other Events verify on EDGAR →