'Government expected to approve Jackdaw gas field on Wednesday' - Politico
https://www.politico.eu/article/government-expected-to-approve-jackdaw-gas-field-on-wednesday/
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Transocean wins two Gulf of Mexico drillship contracts worth $550 million, lifting backlog above $8 billion; shares rise nearly 2% premarket.
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https://www.politico.eu/article/government-expected-to-approve-jackdaw-gas-field-on-wednesday/
https://www.equinor.com/news/20261013-eneco-five-year-gas-agreement
Transocean has received unconditional antitrust approval from Brazil's CADE for its $5.8 billion all-stock acquisition of Valaris, following earlier U.S. Department of Justice clearance. The deal, expected to close in Q4 2026, will create a 73-rig diversified fleet with over $200 million in cost synergies and a $10 billion backlog, positioning the combined company as an offshore drilling industry leader.
CNBC's final trades: Weiss picked UnitedHealth after strong results; Terranova chose Twilio; Lebenthal favored Transocean after $550M Gulf contracts.