Mergers & AcquisitionsMedium•4 November 2026•
1 min read
Transocean and Valaris Merger Set for December Close Following Regulatory Approvals
Key Facts
1The merger between Transocean and Valaris has obtained all regulatory approvals and is expected to close on or around December 1.
2Valaris reported that its contract backlog has grown by approximately $600 million since August 5.
The merger between Transocean and Valaris has obtained all necessary regulatory approvals and is expected to close on or around December 1, 2026. Offshore Magazine reported that Valaris also saw its contract backlog grow by approximately $600 million since August 5, 2026, according to a third-quarter results review by CEO Anton Dibowitz.
Valaris closed at $89.99 on November 3, 2026, while Transocean closed at $5.9 on the same date. These developments follow statements from Anton Dibowitz regarding increased fleet utilization, noting that all ten of the company's active drillships are currently under contract.