Transocean Offshore Inc. announced today that its shareholders on December 10 approved proposals relating to the merger of Transocean Offshore and Sedco Forex, the offshore contract drilling ... Transocean Offshore Inc. has completed its merger with Sedco Forex, which was spun-off from Schlumberger Limited. The resulting company, Transocean Sedco Forex Inc., is now the world's largest ... Transocean Sedco Forex Reports First Quarter 2002 Results PDF Version HOUSTON, Apr 30, 2002 (BUSINESS WIRE) -- Transocean Sedco Forex Inc. (NYSE:RIG) today announced that net income for the three months ended March 31, 2002, before the cumulative effect of a change in accounting principle, was $77.3 million, or $0.24 per diluted share on revenues of $667.9 million. Transocean Sedco Forex Inc. announced the close of its merger with R&B Falcon Corporation, creating an offshore drilling contractor with unprecedented fleet size and enhanced geographic diversity ... At Transocean, we are closely monitoring and following guidance provided by the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC) to protect and keep our workers offshore and onshore healthy and safe. Learn more about our efforts below. COVID-19 . PRESS RELEASE / 11.02.2020 - Transocean Ltd. Reports Third Quarter 2020 Results read more > PRESS RELEASE ... The merger will create the world`s largest offshore drilling company, to be called Transocean Sedco Forex. The firm is projected to be the fourth largest oil field service company, in terms of ... Transocean Sedco Forex Inc. is the world's largest offshore drilling company and the fourth largest oilfield service company overall. Officially a Cayman Islands corporation, it operates out of Houston, Texas, with more than 16,000 employees located around the globe. Transocean's drilling rigs and work crews are contracted by petroleum ... Merger of Transocean and Sedco Forex in 1999. The proposed Transocean Offshore and Sedco Forex merger was announced in July 1999. It called for an exchange of stock valued at approximately $3.2 billion. Schlumberger shareholders would receive roughly one share in the new company, Transocean Sedco Forex, for every five Schlumberger shares held. In the end, Schlumberger shareholders would ... Sedco and Forex Neptune were combined into the Sedco Forex drilling division of Schlumberger. The world’s initial fourth-generation semisubmersible rig, Polar Pioneer (shown in photo), made its debut in Norway. 1986 – The Transocean Arctic in Norway became the first rig to drill year-round in the Barents Sea. 1987 - Santa Fe purchased the first Monarch-Class heavy-duty, harsh-environment ... Transocean Sedco Forex Inc., recently announced the close of its merger with R&B Falcon Corporation, creating an offshore drilling contractor with unprecedented fleet and enhanced geographic ...
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