Source-grounded facts extracted from Transocean Ltd.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Transocean Ltd.: Amended Organizational Regulations to dissolve the Finance Committee, effective July 1, 2026 (effective 2026-07-01).
“the Board of Directors of the Company approved an amendment to the Organizational Regulations, to be effective as of July 1, 2026, (as amended, the “Organizational Regulations”) to reflect the dissolution of the Finance Committee”
Transocean Ltd.: Amended Articles of Association to authorize issuance of up to 240,801,936 shares and update share capital (effective 2026-05-22).
“the Company approved an amendment to the Articles of Association of the Company to permit the issuance of up to 240,801,936 shares, par value U.S. $0.10 per share (“Shares”), for a term expiring on May 22, 2027”
Transocean Ltd. reported first quarter 2026 results: revenue $1.08 billion, net income $71 million, EPS $0.06 per diluted share. Guidance initiated.
“first quarter 2026 Key points ● Contract drilling revenues were $1.08 billion due in part to strong revenue efficiency (1) of 97.3%. ● Net income was $71 million or $0.06 per diluted share.”
Transocean Ltd. entered into Business Combination Agreement with Valaris Limited (effective 2026-02-09).
“On February 9, 2026, Transocean Ltd., a Swiss corporation (“ Transocean ”), and Valaris Limited, an exempted company limited by shares incorporated under the laws of Bermuda (“ Valaris ”) (Transocean and Valaris, collectively, the “ Parties ” and each, a “ Party ”), entered into a Business Combination Agreement (the “ Agreement ”) providing for the combination of the two Parties (the “ Business Combination ”).”
Transocean Ltd. incurred senior notes of $500 million with Truist Bank at 7.875% per annum maturing October 15, 2032.
“On October 15, 2025, in connection with the closing of the previously announced offering (the “Offering”) by Transocean International Limited, a Bermuda exempted company limited by shares (the “Company”) and a wholly owned subsidiary of Transocean Ltd., of $500 million in aggregate principal amount of 7.875% Senior Priority Guaranteed Notes due 2032”
Transocean Ltd. announced a impairment with charges of approximately $1.9 billion affecting rigs classified as held for sale: Discoverer Clear Leader, Discoverer Americas, Deepwater Champion, Henry Goodrich and Discoverer India, as well as certain assets primarily associated with these rigs.
“the Company expects its third quarter 2025 results to include an estimated non-cash charge of approximately $1.9 billion associated with the impairment of these assets.”
Transocean Ltd.: Organizational Regulations amended to update Article 5 regarding power and duties of Lead Independent Director (effective 2025-05-30).
“Effective May 30, 2025, the Organizational Regulations of the Company (as amended, the “Organizational Regulations”) were amended by the Company’s Board of Directors to update Article 5 therein to reflect the power and duties of the Board’s Lead Independent Director.”
Transocean Ltd.: Articles of Association further amended to reflect capital authorizations and share issuances approved at AGM (effective 2025-05-30).
“Following the conclusion of the AGM, on May 30, 2025, the Articles of Association of the Company were further amended to reflect (i) the approval by shareholders at the AGM of (a) the general capital authorization proposal, which permits the issuance of up to 188,165,780 Shares pursuant to the authorization, for a term expiring on May 30, 2026 and (b) the specific capital authorization proposal that may be used to satisfy the Company’s equity incentive plans obligations, which permits the issuance of up to 16,000,000 Shares pursuant to the authorization, for a five-year period expiring on May 30, 2030; and (ii) changes in the Company’s total issued share capital resulting from the issuances of 188,165,780 Shares and 16,000,000 Shares into treasury pursuant to the capital authorizations approved at the AGM.”
Transocean Ltd.: Articles of Association amended to reflect capital authorizations approved at AGM and changes in issued share capital (effective 2025-05-28).
“On May 28, 2025, the Articles of Association of the Company were amended to reflect changes in the Company’s total issued share capital resulting from the issuance of 59,015,000 Shares into treasury to one of the Company’s wholly-owned subsidiaries at par value for a total consideration of U.S. $5,901,500.00.”
Transocean Ltd. announced a impairment with charges of between $1.1 billion and $1.2 billion affecting GSF Development Driller I, Discoverer Luanda, Development Driller III, Discoverer Inspiration.
“the Company concluded that it expects its second quarter 2025 results to include an estimated non-cash charge ranging between $1.1 billion and $1.2 billion associated with the impairment of these rigs and related assets.”
Chad Deaton changed role as Lead Independent Director at Transocean Ltd..
“Mr. Chad Deaton, Transocean’s current Chair of the Board, will transition to Lead Independent Director.”
Jeremy Thigpen was appointed as Executive Chair of the Board of Directors at Transocean Ltd..
“subject to shareholder approval at the Company’s 2025 annual general meeting, Mr. Thigpen is expected to be appointed as Executive Chair of the Board of Directors”
Jeremy Thigpen departed as Chief Executive Officer at Transocean Ltd..
“Mr. Adamson will succeed Jeremy Thigpen, who has led Transocean as Chief Executive Officer since 2015.”
Keelan Adamson changed role as President and Chief Executive Officer at Transocean Ltd..
“Keelan Adamson, the Company’s President and Chief Operating Officer, will become President and Chief Executive Officer following a transition period, which is expected to conclude during the second quarter of 2025.”
David Tonnel retired as Senior Vice President and Chief Accounting Officer at Transocean Ltd..
“Mr. Jason Pack, who currently serves as Senior Vice President and Chief Audit Executive of the Company, will be appointed Senior Vice President and Chief Accounting Officer of the Company, effective July 31, 2024, following the previously announced retirement of Mr. David Tonnel, who currently serves as the Company’s Senior Vice President and Chief Accounting Officer.”
Jason Pack was appointed as Senior Vice President and Chief Accounting Officer at Transocean Ltd..
“Mr. Jason Pack, who currently serves as Senior Vice President and Chief Audit Executive of the Company, will be appointed Senior Vice President and Chief Accounting Officer of the Company, effective July 31, 2024, following the previously announced retirement of Mr. David Tonnel, who currently serves as the Company’s Senior Vice President and Chief Accounting Officer.”
Transocean Ltd. amended Supplemental Indenture with Truist Bank (effective 2024-05-08).
“On May 8, 2024, Transocean Titan Financing Limited (the “Company”), the guarantors named therein and Truist Bank, as trustee and collateral agent, entered into the first supplemental indenture (the “Supplemental Indenture”) to the indenture (the “Indenture”) governing the Company’s 8.375% Senior Secured Notes due 2028 (the “Notes”).”
Transocean Ltd. reported first quarter 2024 results: revenue $763 million, net income $98 million, EPS $0.11 per diluted share.
“2024 adjusted net loss was $22 million, $0.03 per diluted share. Contract drilling revenues for the three months ended March 31, 2024, increased sequentially by $22 million to $763 million, primarily due to increased activity for rigs that returned to work or were fully active this quarter after undergoing contract preparation, higher dayrate and higher”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.