 | |
| Company type | Public |
|---|---|
| NYSE: RIG | |
| ISIN | CH0048265513 |
| Industry | Oilfield services, offshore drilling & equipment |
| Predecessor | Sonat |
| Founded | 1973 |
| Headquarters | Vernier, Switzerland |
Key people | Jeremy D. Thigpen, President & CEO Merrill A. Miller, Jr., Chairman Mark L. Mey, CFO Keelan Adamson, COO |
| Products | Lease and operation of semi-submersible and jack-up drilling rigs and drillships |
| Revenue |  US$3.088 billion (2019) US$1 billion (2018) |
| −US$721 million (2019) | |
| −US$1.257 billion (2019) | |
| Total assets |  US$24.105 billion (2019) |
| Total equity | US$11.867 billion (2019) |
Number of employees | 6,600 (2019) |
| Website | www |
| Footnotes / references [1] | |
Transocean Ltd. is an American drilling company.[2] It is the world's largest offshore drilling contractor based on revenue and is based in Steinhausen, Switzerland.[3][4] The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.[5]
In 2010, Transocean was found partially responsible (30% of total liability) for the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in the Gulf of Mexico.[6] Like other companies involved in the petroleum industry, Transocean has experienced a number of other notable industrial accidents including oil spills and worker injury .
The primary business of Transocean is contracts with other large companies in the oil and gas industry. In 2019, Royal Dutch Shell accounted for 26% of the company's revenues, while Equinor accounted for 21% of the company's revenues, and Chevron accounted for 17% of the company's revenues.[1]
- ^ a b "Transocean Ltd. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ Albring, Susan M.; Elder, Randal J.; Franklin, Mitchell A. (2019). "Transocean and the History of Tax Inversions". Issues in Accounting Education. 34: 1–12. doi:10.2308/iace-52321. S2CID 158868048.
- ^ "Transocean Ltd: Overview". GlobalData. GlobalData plc. 2024. Retrieved 30 September 2024.
- ^ "Revenue of selected offshore drilling companies within the energy equipment and services sector worldwide in 2022 and 2023". Statista. Ströer. 2024. Retrieved 30 September 2024.
- ^ "The world's biggest offshore drilling companies". 29 June 2019.
- ^ United States Fifth Circuit Court of Appeals (16 December 2014). "Phase One Trial: Findings of Fact and Conclusions of Law on Gross Negligence and Willful Misconduct" (PDF). EPA. Retrieved 17 January 2022.