By Henrique Santiago ( October 15, 2026, 21:24 GMT | Insight) -- Brazil’s competition authority has approved Transocean’s $5.8 billion acquisition of Valaris, finding no competition concerns in drilling services provided through floating rigs. The authority said the overlap is limited to floaters, including drillships and semisubmersibles, as Transocean does not operate jack-up rigs.Brazil’s Administrative Council for Economic Defense, or CADE, approved rival offshore drilling contractor Transocean’s $5.8 billion acquisition of Valaris, finding the deal wouldn’t harm competition in the market for offshore drilling services provided by floating rigs. The decision was published in the country’s Official Journal on Thursday....
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