Rep. Lisa McClain (R-MI), chair of the House Republican Conference, disclosed that her spouse purchased between $15,001 and $50,000 of Transocean ($RIG) stock on September 14, 2026. The transaction was disclosed October 12, marking the first congressional trade in the offshore drilling company shown in Quiver's records since 2020.
- Transocean provides offshore drilling services for oil and natural gas companies, specializing in ultra-deepwater and harsh-environment operations.
- On September 15, one day after the transaction, Transocean announced an $80 million drilling contract in Equatorial Guinea.
- On October 9, the company announced approximately $1.1 billion in additions to firm contract backlog, including final approval of a previously announced $1 billion Equinor agreement.
- Director Chad Deaton purchased 35,000 shares for approximately $173,250 on July 2.
- Federal disclosures show Transocean spent $130,000 lobbying through Cornerstone Government Affairs during the first half of 2026, covering offshore leasing and maritime regulations. Additional details are available through Quiver's lobbying tracker.
Relevant Companies
- Transocean ($RIG) - Subject of the congressional disclosure, recent insider purchase, and offshore drilling contracts.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
