Transocean traces its roots to onshore drilling operations, where T.S. 'Stoney' Stoneman began his career as a draftsman and then a landman before joining the Danciger Oil & Refining Company of Fort Worth, Texas in 1926.
Forex was established in France.
Santa Fe Drilling Company was established. Joe Robinson, a Union Oil Company drilling superintendent, and 61 drilling department employees put up $250,000 of their own money and borrowed $600,000 to buy the business from Union Oil. Santa Fe began drilling wells onshore in California in 1947. In less than two years, the loan was paid in full.
The CUSS group was formed. This consortium of Continental Oil Company, Union Oil Company of California, Superior Oil Company and Shell Oil Company established the feasibility of drilling offshore. The CUSS group later evolved into Global Marine.
Southeastern Drilling Company (Sedco) began operations. Led by Bill Clements, who would one day become a two-term Texas governor, Sedco began operations with two diesel-powered land rigs.
2016 drillships that incorporate our designed and patented Active Power Compensation® hybrid system.
Transocean Ltd. announced that its Deepwater Conqueror drillship has been awarded a two-well contract in Equatorial Guinea, with an estimated 170‑day campaign expected to begin in 2027. The contract adds approximately $80 million to the company’s backlog, excluding mobilization and demobilization costs.
Transocean Ltd. signed a two-year contract with India's ONGC, scheduled to begin in the first quarter of 2027. The contract is worth approximately $300 million, including additional services and mobilization costs. It also includes priced options for two more years; if fully exercised, the rig will remain active into early 2029.
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Transocean Ltd. has entered into a contract with Equinor for the use of three Harsh Environment semi-submersible rigs on the Norwegian shelf. This contract, excluding additional services, is valued at over $1 billion as a contract backlog spanning 7 rig-years. The contract is contingent upon license approval.
On June 30, 2026, Transocean Ltd. announced a contract agreement with Equinor, reportedly valued at over $1 billion. However, the provided news does not include detailed content or specifics of the contract.
Transocean Ltd. announced the acquisition of contracts for two harsh environment semi-submersibles. The total contract backlog is approximately $185 million, including a five-well contract with Harbour Energy in Norway. The work is scheduled to begin in the first quarter of 2028.
Transocean Ltd. announced that Deepwater Asgard has secured a five-well contract in the Eastern Mediterranean. The contract duration is approximately 390 days, starting in Q4 2026, with an expected revenue of about $158 million.
Transocean Ltd. announced a 1,156-day contract extension for the Deepwater Corcovado with Petrobras, contributing approximately $445 million to its backlog. The extension will keep the rig active through November 2030. The contract extension follows the current activity and will impact the rig's schedule from April 2026 to September 2027.
The provided document is an error message indicating a server issue and does not contain any information about Transocean Ltd. or its backlog. Therefore, no summary can be generated based on the available content.
Transocean Ltd. has released its quarterly Fleet Status Report, providing updates on its offshore drilling rigs. The report includes a one-well option exercised by a customer on the Transocean Barents and a three-well contract awarded to Deepwater Mykonos with bp in Brazil. Additionally, there is a 90-day option exercised for Deepwater Mykonos.