Transocean has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.
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Transocean has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.
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In 2010, Transocean was found partially responsible for the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in the Gulf of Mexico.
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Transocean was formed as a result of the merger of Southern Natural Gas Company, later Sonat, with many smaller drilling companies.
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Transocean started in the 1970s as a whaling company and expanded through a series of mergers.
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In 1999, Transocean merged with Sedco Forex, the offshore drilling subsidiary of Schlumberger in a $3.
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In 2007, the US Department of Justice and the Securities and Exchange Commission filed a case against Transocean, alleging violations of the Foreign Corrupt Practices Act.
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In 2010, Transocean was implicated in the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in the Gulf of Mexico that was leased to BP.
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Transocean was rated as a leader in its industry for many years.
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However, since the company's 2007 merger with GlobalSantaFe, Transocean's reputation has suffered considerably, according to EnergyPoint Research, an independent oil service industry rating firm.
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In 2008, two Transocean workers were reportedly killed on the company's vessels.
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On 20 April 2010, a fire was reported on a Transocean-owned semisubmersible drilling rig, Deepwater Horizon.
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Transocean later claimed that 2010, the year in which the disaster occurred, was "the best year in safety performance in our company's history".
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The Brazilian government sued Transocean and attempted to force the company to cease operations in Brazil, but a settlement was reached without a finding of fault or liability.
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