Transocean

Transocean provides offshore contract drilling services for energy companies. Read more

Jeremy D. Thigpen's photo - President & CEO of Transocean

President & CEO

Jeremy D. Thigpen

CEO Approval Rating

79/100

Founded:

1953

Status:

PublicIndependent CompanyNYSERIG

Annual Revenue
Employees
Sector

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Headquarters

TRANSOCEAN TOP COMPETITORS OR ALTERNATIVES

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Diamond Offshore is one of Transocean's top competitors. Diamond Offshore was founded in 1953 in Houston, Texas. Diamond Offshore operates in the Oil & Gas Drilling industry. Diamond Offshore generates $2.4B less revenue than Transocean.

Seadrill is a top competitor of Transocean. Seadrill was founded in 1972, and is headquartered in London, England. Seadrill is in the Oil & Gas Drilling industry. Seadrill generates $2B less revenue vs. Transocean.

Maersk Drilling is seen as one of Transocean's top competitors. Maersk Drilling is headquartered in Kgs. Lyngby, North Jutland, and was founded in 1972. Maersk Drilling is in the Multi-Utilities field. Maersk Drilling generates 35% the revenue of Transocean.

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Transocean Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$3B

Transocean's revenue is the ranked 7th among it's top 10 competitors. The top 10 competitors average 26.1B. Over the last four quarters, Transocean's revenue has decreased by 29.8%. Specifically, in Q1 2021's revenue was $653M; in Q4 2020, it was $690M; in Q3 2020, it was $773M; in Q2 2020, Transocean's revenue was $930M.

Transocean Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Ocean Rig UDW, Inc.

Sep 2018

Source »
$2.7B
Ocean Rig is a provider of offshore deepwater drilling services to the oil and natural gas exploration industry.
Songa Offshore

Aug 2017

Source »
$1.2B
Songa Offshore owns and operates a fleet of semi-submersible rigs for the exploration and production drilling in the midwater segments.

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Aker Drilling ASA

Aug 2011

Source »
$1.5B
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These are all the companies that Transocean has acquired. Transocean has acquired 3 companies and its latest acquisition was Ocean Rig UDW, Inc. in Sep 2018. Ocean Rig is a provider of offshore deepwater drilling services to the oil and natural gas exploration industry.

Transocean Funding History

No recent funding data found related to Transocean

Transocean Investments

No recent investments found related to Transocean

These are all the companies that Transocean has invested in. Transocean has invested 3 companies and its latest investment was Ocean Rig UDW, Inc. in Sep 2018. Ocean Rig is a provider of offshore deepwater drilling services to the oil and natural gas exploration industry.

Transocean News

June 7, 2021World Oil

Transocean strikes new delivery terms for two 20,000 psi-capable deepwater drillships

The Deepwater Atlas and Deepwater Titan are the world's first eighth generation ultra-deepwater drill... See more »
June 7, 2021MarketScreener

Newbuilds Update

(marketscreener.com) NEWBUILDS UPDATE June 2021 LEGAL DISCLAIMER Forward‐Looking Statements The state... See more »
May 10, 2021MarketScreener

Citi Global Energy Conference

(marketscreener.com) CITI 2021 GLOBAL ENERGY CONFERENCE May 11, 2021 LEGAL DISCLAIMER Forward-Looking... See more »
May 5, 2021Rigzone

Transocean Encouraged by Rising Customer Enquiries

Transocean's (NYSE: RIG) president and chief executive officer, Jeremy Thigpen, has announced that th... See more »
May 3, 2021MarketScreener

1Q21 Operating and Maintenance (O&M) Costs

(marketscreener.com) Transocean Ltd. and Subsidiaries Operating and Maintenance Costs and Operating D... See more »
April 29, 2021Drilling Contractor

Transocean nets three-well contract with Beacon Offshore Energy in US GOM

The contract for the Deepwater Asgard drillship is expected to run from June to October 2021 at a day... See more »

Transocean Press Releases

December 12, 2019GlobeNewswire

Transocean Ltd. Announces Contract Award for Development Driller III

STEINHAUSEN, Switzerland, Dec. 12, 2019 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced tod... See more »
January 17, 2019GlobeNewswire

Transocean Ltd. Amends Previously Announced Cash Tender Offers

STEINHAUSEN, Switzerland, Jan. 17, 2019 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced tod... See more »
December 6, 2018CentralCharts

Transocean Ltd. Closes the Acquisition of Ocean Rig UDW Inc.

STEINHAUSEN, Switzerland, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced tod... See more »
June 27, 2018GlobeNewswire

Transocean Closes on $1 Billion Five-Year Secured Revolving Credit Facility

STEINHAUSEN, Switzerland, June 27, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced toda... See more »
April 18, 2018Econotimes

Transocean Ltd. Provides Quarterly Fleet Status Report

STEINHAUSEN, Switzerland, April 18, 2018 -- Transocean Ltd. (NYSE:RIG) today issued a quarterly Fleet... See more »
March 21, 2018EconoTimes

Deepwater Offshore Oil and Gas Equipment and Services Provider Deep Down Hosts 2017 Investor Call Thu. March 29 at 10am ET

Deep Down, Inc. (OTCQX:DPDW), a specialist in deepwater oil and gas production and distribution equip... See more »
February 19, 2018StreetInsider

Transocean Ltd. Provides Quarterly Fleet Status Report

STEINHAUSEN, Switzerland, Feb. 19, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued ... See more »

Social Media

Transocean Headquarters

Turmstrasse 30

Zug, Zug6312

41-41-749-0500

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Transocean Summary

ABOUT

Overview

Transocean provides offshore contract drilling services for energy companies. Transocean was founded in 1953. Transocean's headquarters is located in Zug, Zug, CH 6312. Transocean's latest acquisitions include Ocean Rig UDW, Inc., Songa Offshore and A...

CEO

Transocean's President & CEO, Jeremy D. Thigpen, currently has an approval rating of 79%. Transocean's primary competitors are Diamond Offshore, Seadrill & Maersk Drilling.

Frequently Asked Questions about Transocean

  1. When was Transocean founded?

    Transocean was founded in 1953
  2. Who is Transocean's CEO?

    Transocean's CEO is Jeremy D. Thigpen
  3. How much revenue does Transocean generate?

    Transocean generates $3B in revenue
  4. How much funding does Transocean have?

    Transocean has historically raised $0 in funding
  1. Where is Transocean's headquarters?

    Transocean's headquarters is in Zug Zug, CH
  2. How many employees does Transocean have?

    Transocean has 6,700 employees
  3. Who are Transocean's competitors?

    Transocean's top competitors are Diamond Offshore, Seadrill, Maersk Drilling