On the Record · Transocean

Transocean acquisitions, on the record

The businesses Transocean bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Liquila Ventures Ltd. (together with its subsidiaries, "Liquila") Word for word“Additionally, in September 2023, we issued 11.9 million Transocean Ltd. shares with an aggregate value of $99 million to acquire the outstanding ownership interests of Liquila Ventures Ltd. (together with its subsidiaries, "Liquila"), a previously unconsolidated variable interest entity that is constructing the ultra-deepwater drillship Deepwater Aquila , and as a result, Liquila became our wholly owned subsidiary.” 10-K for 2023	acquisition	September 2023	$99 million
Orion Holdings (Cayman) Limited Word for word“Acquisition —In June 2024, we transferred noncash consideration with an aggregate fair value of $431 million, including 55.5 million Transocean Ltd. shares and $130 million aggregate principal amount of 8.00% senior notes due February 2027 (the “8.00% Senior Notes”), to acquire the outstanding 67.0 percent ownership interest in Orion Holdings (Cayman) Limited (together with its subsidiary, “Orion”), the Cayman Islands company that owned the harsh environment floater Transocean Norge , and as a result, Orion became our wholly owned subsidiary.” 10-K for 2024	acquisition	In June 2024	aggregate fair value of $431 million
Paul B. Loyd, Jr. and Transocean Leader, together with related assets Word for word“Disposal of assets —In February 2024, we completed the sale of the harsh environment floaters Paul B. Loyd, Jr. and Transocean Leader , together with related assets, for aggregate net cash proceeds of $49 million, including $6 million received as a deposit in the year ended December 31, 2023.” 10-K for 2024	divestiture	In February 2024	aggregate net cash proceeds of $49 million
Deepwater Nautilus and related assets Word for word“In July 2024, we completed the sale of the ultra-deepwater floater Deepwater Nautilus and related assets for aggregate net cash proceeds of $53 million.” 10-K for 2024	divestiture	In July 2024	aggregate net cash proceeds of $53 million
Development Driller III and Discoverer Inspiration, together with related assets Word for word“In September 2024, we executed purchase and sale agreements for the sale of the ultra-deepwater floaters Development Driller III and Discoverer Inspiration, together with related assets, for aggregate expected net cash proceeds of $343 million, and we recognized a loss of $629 million ($617 million or $0.67 per diluted share, net of tax), associated with the impairment of such assets, which we determined were impaired at the time that we classified the assets as held for sale.” 10-K for 2024	agreed divestiture	In September 2024	aggregate expected net cash proceeds of $343 million
Liquila Ventures Ltd. (Liquila) Word for word“In September 2023, we acquired the outstanding 80 percent ownership interest in Liquila, in exchange for the issuance of 11.9 million Transocean Ltd. shares with an aggregate value of $ 99 million, which included 2.0 million Transocean Ltd. shares with an aggregate value of $ 16 million issued to Perestroika.” 10-K for 2024	acquisition	In September 2023	11.9 million Transocean Ltd. shares with an aggregate value of $ 99 million
Valaris Limited Word for word“On February 9, 2026, Transocean and Valaris entered into the Agreement providing for the combination of Transocean and Valaris.” 10-K for 2025	agreed acquisition	On February 9, 2026	—
ultra-deepwater floaters Development Driller III, Discoverer Americas, Discoverer Clear Leader, Discoverer Inspiration, Discoverer Luanda and GSF Development Driller I Word for word“Disposal of assets —In the year ended December 31, 2025, we completed the sale of the ultra-deepwater floaters Development Driller III, Discoverer Americas , Discoverer Clear Leader , Discoverer Inspiration , Discoverer Luanda and GSF Development Driller I , together with related assets, for aggregate net cash proceeds of $71 million.” 10-K for 2025	divestiture	In the year ended December 31, 2025	$71 million
Liquila Ventures Ltd. Word for word“Related party transactions Acquisition —In September 2023, we acquired the outstanding ownership interest in Liquila Ventures Ltd. (together with its subsidiaries, “Liquila”), a previously unconsolidated Bermuda company, that was constructing the ultra-deepwater floater Deepwater Aquila .” 10-K for 2025	acquisition	In September 2023	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)
2018-12-31	$883 million

Deal filings since 2016

2026-10-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-05-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-02-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-10-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-09-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-05-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-04-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-10-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-01-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-01-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-09-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-08-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-02-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-09-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-08-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-01-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-07-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-07-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-05-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-05-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-02-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-09-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-07-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-07-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-06-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-01-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-12-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-10-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-09-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-08-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-12-09 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-12-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-11-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-11-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-10-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-07-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Transocean’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.