Transocean offshore oil and gas drilling company
Transocean Ltd. In , Transocean was implicated in the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in the Gulf of Mexico. Transocean was formed as a result of the merger of Southern Natural Gas Company, later Sonat , with many smaller drilling companies. Ray McDermott. In , the company launched Rig 51, the first mobile jackup rig , in the Gulf of Mexico.
Transocean Offshore Deepwater Drilling Careers and Employment
Find jobs Company reviews Find salaries. Upload your resume. Sign in. Transocean goes deep below the ocean surface in search of major profits. The company specializes in deepwater drilling and it isn't afraid of harsh environments. Transocean's other operations include management of third-party drilling services. Major customers include BP and Chevron. It also faces government investigations and litigation stemming from the Deepwater Horizon accident.
Agriculture and Extraction. Transocean Offshore Deepwater Drilling website. What is it like to work at Transocean Offshore Deepwater Drilling? Management didn't value the employees when I worked there. I hope it's different now. The company had great benefits. The policies were good but both the policies and benefits were at the managers discretion.
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Offshore careers. Careers offshore are unique. a service-focused, performance-oriented, data-driven company, please visit our Working at Transocean page. The world's premier employer for offshore drilling jobs Not only will you work for a company that offers competitive pay and benefits, Transocean's offices span the globe and our rigs operate wherever the search for oil and gas takes us.
Learn more about our efforts below. Ultra-deepwater, harsh-environment, and midwater floaters. Whatever your job demands, we are ready to respond and deliver, with the right assets, anywhere in the world.
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Is Transocean a Buy?
Factors such as rising deepwater oil and gas activity especially in the Gulf of Mexico, Brazil and the North Sea, improved viability of deepwater and ultra-deepwater projects, and tightening supply-demand gaps are expected to drive the market during the forecast period. The deep water drilling market is moderately fragmented due to many companies operating in the industry. Key Highlights The deepwater drilling sector is expected to witness a significant growth rate over the forecast period owing to the upcoming deepwater exploration and production projects in countries such as Brazil, Guyana, Nigeria, and others. This, in turn, is expected to create significant opportunities for the operating countries in the near future. These resources are typically more expensive to develop, take a longer time to reach full production, and require additional investment in infrastructure, because of their presence in remote locations. However, most of the projects that are currently under development are expected to continue their operations.
Transocean
The company attracted international infamy in when its prized Deepwater Horizon offshore rig, under contract for BP , had a wellhead blowout that resulted in the largest marine oil spill and one of the largest environmental disasters in U. Transocean has sunk to what it hopes is rock bottom, but is it a buy? RIG data by YCharts. The quickest and cheapest way to do that has been to focus on onshore unconventional drilling. Unlike the conventional drilling practices that made up many of the first major oil booms in Texas and led to the rise of Middle Eastern oil dominance, unconventional practices rely on technologies such as hydraulic fracturing and horizontal drilling to access tight shale rock formations. Today, these technologies have opened doors to quick returns available in the large shale formations that have been instrumental in making the United States the No. Large-scale, capital-intensive offshore projects simply aren't as attractive when compared to the advantages that onshore now has to offer. In early September , the number of onshore operating drilling rigs in the United States fell below for the first time since Today, the rig count is barely above The Baker Hughes Rig Count acts as a yardstick for onshore drilling contractors, but don't let it affect your analysis of a pure-play offshore driller like Transocean.
We expect consolidation and improved efficiency to be the two biggest themes in for offshore drilling companies.
