trending Market Intelligence /marketintelligence/en/news-insights/trending/5hcWAH7kg-mXLvTG4eCv5Q2 content esgSubNav
In This List

Transocean completes acquisition of its rig operator

Blog

Global Capital Markets & SPAC Activity – H1 2021

Blog

Over 150 state-level energy-related measures enacted during Q2'21

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


Transocean completes acquisition of its rig operator

Transocean Ltd. completed the acquisition of its rig operator, Transocean Partners LLC, in an all-equity transaction.

Transocean Partners unit holders get 1.2 Transocean shares for each Transocean Partners unit they own, Transocean said Dec. 9. Transocean issued about 23.8 million shares for the transaction.

As a result of the deal completion, Transocean Partners' common units were delisted from the NYSE on Dec. 9.

Transocean provides offshore contract drilling services for oil and gas wells, with a particular focus on deepwater and harsh environments.