Valaris Limited and Transocean have agreed to a proposed business combination under the terms of a Business Combination Agreement dated February 9, 2026. The transaction aims to combine the operations of both companies, with expectations of achieving operational synergies and enhanced market presence. The companies noted a number of uncertainties and risks that could affect the anticipated benefits, including the integration process, market conditions, regulatory approvals, and potential unforeseen costs. The agreement marks a significant step for both offshore drilling companies as they look to expand and strengthen their businesses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valaris Ltd. published the original content used to generate this news brief on February 09, 2026, and is solely responsible for the information contained therein.