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acquisitionAnnounced · Feb 17, 2026offshore drillingSource · CredibleArticle · Factual

Valaris · Transocean

Transocean acquires Valaris

David Najork · Founding Software Engineer

Published Apr 29, 2026 · Updated Apr 29, 2026 · 1 min read

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Deal value

$5.8B

Target

Valaris

NYSE: VAL · Clarendon House 2 Church St, Hamilton

Acquirer

Transocean

Full Acquisition

Status

Pending

Transocean agreed to acquire Valaris. Reported deal value: $5.8B. Status: Pending. Sector: offshore drilling. Target headquarters context: Clarendon House 2 Church St, Hamilton, Bermuda.

This page summarizes publicly available information about the transaction as of 2026-02-17. Figures and status may change as filings and press coverage update.

Global law firm Hogan Lovells is advising Transocean Ltd, a leading international provider of offshore contract drilling services for oil and gas wells, in connection with its pending acquisition of Valaris Limited , an industry leader in offshore drilling services across all water depths and geographies, in a deal valued at approximately US$5.8 billion

Deal timeline

Announced

Feb 17, 2026 · oilfieldtechnology.com

Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.

Sector context

This transaction is classified in offshore drilling with a reported deal value of $5.8B. Figures and status may change as sources update.

Sources: oilfieldtechnology.com · Primary article · FireStrike proprietary index