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

Deep-water oil rig owner Transocean Ltd. agreed to acquire rival Valaris Ltd. in an all-stock deal valued at $5.8 billion as offshore drilling activity heats up. The deal will create the world's ...

Transocean has agreed to acquire Valaris in a $5.8 billion all-stock deal, creating a dominant offshore driller positioned ...

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

Jan 26 (Reuters) - The Trump administration on Monday invited the oil and gas industry to nominate areas for a potential sale ...

Noble Corporation has significantly strengthened its offshore drilling outlook after securing new contract awards for nine rigs, adding approximately $1.3 billion to its contract backlog. The latest ...

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 ...

The market isn’t pricing in the structural scarcity of premium offshore assets. The company boasts a $7.2B backlog, with increasing bidder interest supporting long-term revenue visibility. While bears ...

The plan would open up a massive amount of waters to new oil and gas drilling and would be detrimental to marine life.

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 ...

What happened: Sable Offshore Corp. disclosed in a financial filing Tuesday that it received subpoenas from the U.S. Attorney ...

The Trump administration announced on Thursday new oil drilling off the California and Florida coasts for the first time in decades, advancing a project that critics say could harm coastal communities ...