Editing Transocean (section)

{{short description|Offshore drilling contractor}}
{{about|the offshore drilling contractor|the German cruise line|Transocean Tours}}
{{EngvarB|date=September 2013}}
{{Use dmy dates|date=May 2014}}
{{Infobox company
| name                = Transocean Ltd.
| logo                = [[File:Transocean logo.svg|200px]]
| type                = [[Public company|Public]]
| traded_as           = {{NYSE|RIG}}
| ISIN                = {{ISIN|sl=n|pl=y|CH0048265513}}
| foundation          = {{Start date and age|1973}}
| predecessor         = [[Sonat]]
| hq_location         = [[Vernier, Switzerland]]
| key_people          = {{nowrap| Jeremy D. Thigpen, [[President (corporate title)|President]] & [[CEO]]<br />[[Merrill A. Miller, Jr.]], [[Chairman]]<br />Mark L. Mey, [[CFO]]<br />Keelan Adamson, [[Chief operating officer|COO]]}}
| industry            = [[List of oilfield service companies|Oilfield services]], [[offshore drilling]] & equipment
| products            = Lease and operation of [[semi-submersible]] and [[Jackup rig|jack-up]] [[drilling rig]]s and [[drillship]]s
| revenue             = {{increase}} {{US$|3.088 billion}} {{small|(2019)}}<br />
{{increase}} {{US$| 1 billion}} {{small|(2018)}}
| operating_income    = {{increase}} −{{US$|721 million}} {{small|(2019)}}
| net_income          = {{increase}} −{{US$|1.257 billion}} {{small|(2019)}}
| assets              = {{decrease}} {{US$|24.105 billion}} {{small|(2019)}}
| equity              = {{decrease}} {{US$|11.867 billion}} {{small|(2019)}}
| num_employees       = 6,600 (2019)
| website             = {{URL|http://www.deepwater.com/}}
| footnotes           = <ref name=10K>{{cite web | url=http://investor.deepwater.com/static-files/f51fd3e3-525d-47d6-90d1-bce780a1285c  | title=Transocean Ltd. 2019 Form 10-K Annual Report | publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}
[[File:GreenwayPlazaTowers.JPG|thumb|[[Greenway Plaza]], the location of Transocean's [[Houston]] offices]]

'''Transocean Ltd.''' is an American [[Oil well|drilling company]].<ref>{{Cite journal|url=https://meridian.allenpress.com/iae/article/34/1/1/9581/Transocean-and-the-History-of-Tax-Inversions#:~:text=Transocean%20cut%20its%20global%20tax,its%20inversion%20(Donmoyer%202010).|doi=10.2308/iace-52321|title=Transocean and the History of Tax Inversions|year=2019|last1=Albring|first1=Susan M.|last2=Elder|first2=Randal J.|last3=Franklin|first3=Mitchell A.|journal=Issues in Accounting Education|volume=34|pages=1–12|s2cid=158868048|url-access=subscription}}</ref> It is the world's largest [[offshore drilling]] contractor based on revenue and is based in [[Steinhausen, Switzerland]].<ref>{{cite web |url=https://www.globaldata.com/company-profile/transocean-ltd/ |title=Transocean Ltd: Overview |author=<!--Not stated--> |year=2024 |website=GlobalData |publisher=[[GlobalData|GlobalData plc]] |access-date=September 30, 2024}}</ref><ref>{{cite web |url=https://www.statista.com/statistics/326759/revenue-of-top-energy-services-and-equipment-offshore-drilling-companies-global/ |title=Revenue of selected offshore drilling companies within the energy equipment and services sector worldwide in 2022 and 2023 |author=<!--Not stated--> |year=2024 |website=[[Statista]] |publisher=[[Ströer]] |access-date=September 30, 2024}}</ref> The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.<ref>{{cite web |url=https://www.offshore-technology.com/features/featurethe-worlds-biggest-offshore-drilling-companies-4541112/ |title=The world's biggest offshore drilling companies |date=2019-06-29}}</ref>

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]].<ref>{{cite web | url=https://www.epa.gov/sites/default/files/2014-10/documents/phaseonetrial.pdf | title=Phase One Trial: Findings of Fact and Conclusions of Law on Gross Negligence and Willful Misconduct | publisher=[[EPA]] | author=United States Fifth Circuit Court of Appeals | date=16 December 2014 | access-date=17 Jan 2022}}</ref> 

The primary business of Transocean is contracts with other [[List of largest oil and gas companies by revenue|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 Corporation|Chevron]] accounted for 17% of the company's revenues.<ref name=10K/>