<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144/A</submissionType>
    <previousAccessionNumber>0001950047-25-009413</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001240666</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001451505</issuerCik>
      <issuerName>Transocean Ltd.</issuerName>
      <secFileNumber>001-38373</secFileNumber>
      <issuerAddress>
        <com:street1>TURMSTRASSE 30</com:street1>
        <com:city>STEINHAUSEN</com:city>
        <com:stateOrCountry>V8</com:stateOrCountry>
        <com:zipCode>6312</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>41 41 749 0500</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>THIGPEN JEREMY D</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
        <address>
          <com:street1>1 New York Plaza 8th Floor</com:street1>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10004</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>500000</noOfUnitsSold>
      <aggregateMarketValue>2159400.00</aggregateMarketValue>
      <noOfUnitsOutstanding>1101441205</noOfUnitsOutstanding>
      <approxSaleDate>11/26/2025</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>04/22/2017</acquiredDate>
      <natureOfAcquisitionTransaction>RSU Vesting under a Registered Plan</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>14493</amountOfSecuritiesAcquired>
      <paymentDate>04/22/2017</paymentDate>
      <natureOfPayment>Services Rendered</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/06/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Performance Stock Units</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>792</amountOfSecuritiesAcquired>
      <paymentDate>02/06/2020</paymentDate>
      <natureOfPayment>Services Rendered</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/08/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Performance Stock Units</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>249093</amountOfSecuritiesAcquired>
      <paymentDate>02/08/2024</paymentDate>
      <natureOfPayment>Services Rendered</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/08/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Performance Stock Units</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>235622</amountOfSecuritiesAcquired>
      <paymentDate>02/08/2024</paymentDate>
      <natureOfPayment>Services Rendered</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <remarks>This amendment is being filed due to an administrative error with respect to the Form 144 filed on November 26, 2025.  This amendment corrects the number of shares sold from 499,940 shares to 500,000 shares.</remarks>
    <noticeSignature>
      <noticeDate>12/01/2025</noticeDate>
      <signature>/s/ Jeremy D.Thigpen</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
