Real-Time Systems for Offshore Oil & Gas Operations
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2021 Annual General Meeting and Proxy Statement 2020 Annual Report
2020 Annual Report and Proxyand Statement 2021 Annual General Meeting Meeting General Annual 2021 Transocean Ltd. • 2021 ANNUAL GENERAL MEETING AND PROXY STATEMENT • 2020 ANNUAL REPORT CONTENTS LETTER TO SHAREHOLDERS NOTICE OF 2021 ANNUAL GENERAL MEETING AND PROXY STATEMENT COMPENSATION REPORT 2020 ANNUAL REPORT TO SHAREHOLDERS ABOUT TRANSOCEAN LTD. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services, and operates one of the most versatile offshore drilling fleets in the world. Transocean owns or has partial ownership interests in, and operates a fleet of 37 mobile offshore drilling units consisting of 27 ultra-deepwater floaters and 10 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships. Our shares are traded on the New York Stock Exchange under the symbol RIG. OUR GLOBAL MARKET PRESENCE Ultra-Deepwater 27 Harsh Environment 10 The symbols in the map above represent the company’s global market presence as of the February 12, 2021 Fleet Status Report. ABOUT THE COVER The front cover features two of our crewmembers onboard the Deepwater Conqueror in the Gulf of Mexico and was taken prior to the COVID-19 pandemic. During the pandemic, our priorities remain keeping our employees, customers, contractors and their families healthy and safe, and delivering incident-free operations to our customers worldwide. FORWARD-LOOKING STATEMENTS Any statements included in this Proxy Statement and 2020 Annual Report that are not historical facts, including, without limitation, statements regarding future market trends and results of operations are forward-looking statements within the meaning of applicable securities law. -
Supplemental Prospectus COMPULSORY ACQUISITION OF
Supplemental Prospectus COMPULSORY ACQUISITION OF SHARES IN Songa Offshore SE by Transocean Ltd. Supplemental information to the prospectus dated 16 February 2018 (the “Prospectus”) concerning the Compulsory Acquisition of all remaining shares in Songa Offshore SE (“Songa Offshore,” and together with its consolidated subsidiaries, the “Songa Group”) not owned by Transocean Ltd. (“Transocean” or the “Company”). The Compulsory Acquisition is governed by article 36 of the Cyprus Takeover Bids Law. The Compulsory Acquisition has been initiated following completion of the Voluntary Tender Offer resulting in Transocean acquiring shares of Songa Offshore representing 97.67% (on a fully diluted basis as of 30 January 2018) of the voting rights in Songa Offshore. Neither the U.S. Securities Exchange Commission (the “SEC”) nor any U.S. state securities commission has approved or disapproved of the securities to be issued in connection with the Compulsory Acquisition or passed upon the adequacy or accuracy of the Prospectus or this document. Any representation to the contrary is a criminal offense. Information about the Compulsory Acquisition is contained in this document and the Prospectus, which we urge you to read. In particular, we urge you to read Section 2 “Risk Factors” beginning on page 17 of the Prospectus. Financial Advisor and Settlement Agent 7 March 2018 2 IMPORTANT INFORMATION This supplemental prospectus (the “Supplemental Prospectus”) is a supplement to the Prospectus dated 16 February 2018, which has been prepared by Transocean -
Covertactloii Informmon BULLETIN R ^
Number 9 • June 1980 $2.00 SPECIAL TECHNOLOGY ISSUE ^ CovertActloii INFORMmON BULLETIN r ^ V Editorial Last issue we noted that no CIA charter at all would be Overplaying Its Hand better than the one then working its way through Congress. It now seems that pressures from the right and left and the Perhaps the CIA overplayed its hand. Bolstered by complexities of election year politics in the United States events in Iran and Afghanistan the Agency was not content have all combined to achieve this result. to accept a "mixed" charter. By the beginning of 1980 journalists were convinced that no restrictions would pass. Stalling and Dealing Accountability, suggested Los Angeles Times writer Robert Toth, would remain minimal and uncodified, and At the time of the Church Committee Report in 1976, "Congress, responding to the crisis atmosphere during a there were calls for massive intelligence reforms and ser short election-year session, will set aside the complex legal ious restrictions on the CIA. By a sophisticated mixture of issues in the proposed charter while ending key restraints stalling, stonewalling, and deal-making, the CIA and its on the CIA and other intelligence agencies." It now seems supporters managed, in three years, to reverse the trend that Toth was 100% wrong. completely. There were demands to "unleash" the CIA. A first draft charter proposed some new restrictions and re laxed some existing ones. The Administration, guided by The Disappearing Moral Issue the CIA, attacked all the restrictions. The Attorney Gener al criticized "unnecessary restrictions," and hoped that The major public debate involved prior notice. -
Hughes Glomar Explorer a Mark of World-Class Engineering History
D EPARTMENTS D RILLING AHEAD Hughes Glomar Explorer a mark of world-class engineering history Linda Hsieh, Associate Editor the “claw” and load during the transition from dynamic open water conditions to THIRTY-FIVE YEARS ago, at the height the shelter of the ship’s center well. of the Cold War, the US government drew a plan to retrieve part of a sunken Soviet A COVERT MISSION submarine from the Pacific Ocean. And to realize that plan, the government To hide the ship’s real mission, a story turned to the drilling industry. was concocted that billionaire Howard Hughes built it for deep sea mining. It Specifically, the Central Intelligence was a great cover-up, Mr Crooke said. Agency turned to Global Marine in “Who knew what a mining ship really Houston. CIA agents showed up at the looked like? It could look like whatever company in November 1969 and asked we wanted it to look like!” it to do what, at the time, seemed an impossible task: lift a 2,000-ton asym- T he Explorer was completed in July 1973 metrical object from about 17,000 ft of at a cost of more than $200 million, and water. the salvage mission commenced a year later in July 1974, taking just 5 weeks to But Curtis Crooke, then Global Marine’s complete . vice president of engineering , believed the task was possible, and so the com- In 1996, Global Marine leased the ves- pany was recruited into a government sel and converted it into a deepwater “black” program – completely classified drillship. -
July 2017 Fleet Status Report.Pdf
Transocean Ltd. Provides Quarterly Fleet Status Report ZUG, Switzerland, July 25, 2017—Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of and contract information for the company’s fleet of offshore drilling rigs. As of July 25, 2017, the company’s contract backlog is $10.2 billion. The ultra-deepwater semisubmersible GSF Development Driller I was awarded a three-well contract plus two one-well options offshore Australia. Following a cold-stacked reactivation and mobilization, the floater is expected to commence operations in the first quarter of 2018. The report also includes the following: Deepwater Asgard – Awarded a two-well contract in the U.S. Gulf of Mexico. The ultra- deepwater drillship was previously idle. Development Driller III – Awarded a two-well contract. The ultra-deepwater semisubmersible was previously idle. Dhirubhai Deepwater KG2 – Customer exercised two one-well options offshore Myanmar. Paul B. Loyd, Jr. – Customer exercised a one-well option in the U. K. North Sea. Transocean Arctic – Customer exercised three one-well options in the Norwegian North Sea. The midwater floaters Transocean Prospect and Transocean Searcher were classified as held for sale. The rigs will be recycled in an environmentally responsible manner. The report can be accessed on the company’s website: www.deepwater.com. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world. -
A Mechanically Marvelous Sea Saga: Plumbing the Depths of Cold War Paranoia Jack Mcguinn, Senior Editor
addendum A Mechanically Marvelous Sea Saga: Plumbing the Depths of Cold War Paranoia Jack McGuinn, Senior Editor In the summer of 1974, long before Argo, there was “AZORIAN” — the code name for a CIA gambit to recover cargo entombed in a sunk- en Soviet submarine — the K-129 — from the bottom of the Pacific Ocean. The challenge: exhume — intact — a 2,000-ton submarine and its suspicious cargo from 17,000 feet of water. HowardUndated Robard Hughes Jr. photo of a young Howard Hughes — The Soviet sub had met its end (no one ($3.7 billion in 2013 dollars),” but none entrepreneur, inventor, movie producer — whose claims to know how, and the Russians of it came out of Hughes’ pocket. Jimmy Stewart-like weren’t talking) in 1968, all hands lost, Designated by ASME in 2006 as “a appearance here belies some 1,560 nautical miles northwest of historical mechanical engineering land- the truly bizarre enigma he would later become. Hawaii. After a Soviet-led, unsuccessful mark,” the ship had an array of mechani- search for the K-129, the U.S. undertook cal and electromechanical systems with one of its own and, by the use of gath- heavy-duty applications requiring robust But now, the bad news: After a num- ered sophisticated acoustic data, located gear boxes; gear drives; linear motion ber of attempts, the ship’s “custom claw” the vessel. rack-and-pinion systems; and precision managed to sustain a firm grip on the What made this noteworthy was that teleprint (planetary, sun, open) gears. submarine, but at about 9,000 feet the U-boat was armed with nuclear mis- One standout was the Glomar’s roughly two-thirds of the (forward) hull siles. -
Transocean Ltd. Provides Quarterly Fleet Status Report
Transocean Ltd. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland—July 23, 2018—Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. Since the prior Fleet Status Report, the company has added approximately $405 million in contract backlog. As of today, the company’s backlog is $11.7 billion, which includes dayrate reductions on four of the company’s newbuild drillships related to cost de-escalations attributable to down-manning. The ultra-deepwater semisubmersible Development Driller III was awarded a 180-day contract offshore Equatorial Guinea. Following maintenance, reactivation and a contract preparation period, the floater is expected to commence operations in the first quarter of 2019. This report also includes the following new contracts: Deepwater Asgard – Customer exercised a one-well option; GSF Development Driller I – Awarded an 11-well contract plus four one-well options offshore Australia; Deepwater Nautilus – Customer exercised two one-well options offshore Malaysia; Transocean Spitsbergen – Awarded a three-well contract plus six one-well options offshore Norway. In addition, customer exercised two one-well options; Transocean Barents – Awarded a six-month contract extension plus an option offshore Eastern Canada; Transocean Leader – Awarded a one-well contract in the U.K. North Sea; Transocean Arctic – Customer exercised a one-well option offshore Norway; and Transocean 712 – Awarded a 13-well contract plus a one-well option in the U.K. North Sea. As previously announced, the company has retired, in an environmentally responsible manner, the following four floaters: Deepwater Discovery, Deepwater Frontier, Deepwater Millennium and Songa Trym. -
Deep Sea Drilling Project Initial Reports Volume 49
Initial Reports of the Deep Sea Drilling Project A Project Planned by and Carried Out With the Advice of the JOINT OCEANOGRAPHIC INSTITUTIONS FOR DEEP EARTH SAMPLING (JOIDES) Volume XLIX covering Leg 49 of the cruises of the Drilling Vessel Glomar Challenger Aberdeen, Scotland to Funchal, Madeira July—September 1976 PARTICIPATING SCIENTISTS Bruce P. Luyendyk, Joe R. Cann, Wendell A. Duffield, Angela M. Faller, Kazuo Kobayashi, Richard Z. Poore, William P. Roberts, George Sharman, Alexander N. Shor, Maureen Steiner, John C. Steinmetz, Jacques Varet, Walter Vennum, David A. Wood, and Boris P. Zolotarev SHIPBOARD SCIENCE REPRESENTATIVE George Sharman POST-CRUISE SCIENCE REPRESENTATIVE Stan M. White SCIENCE EDITOR James D. Shambach Prepared for the NATIONAL SCIENCE FOUNDATION National Ocean Sediment Coring Program Under Contract C-482 By the UNIVERSITY OF CALIFORNIA Scripps Institution of Oceanography Prime Contractor for the Project This material is based upon research supported by the National Science Foundation under Contract No. C-482. Any opinions, findings, and conclusions or recommendations ex- pressed in this publication are those of the author(s) and do not necessarily reflect the views of the National Science Foundation. References to this Volume: It is recommended that reference to whole or part of this volume be made in one of the following forms, as appropriate: Luyendyk, B. P., Cann, J. R., et al., 1978. Initial Reports of the Deep Sea Drilling Project, v. 49: Washington (U.S. Government Printing Office). Mattinson, J. M., 1978. Lead isotope studies of basalts from IPOD Leg 49, In Luyendyk, B. P., Cann, J. R., et al., 1978. -
FY 2004 Budget Request Summary
TABLE OF CONTENTS Bureau Overview..............................................................................................1 Organizational Chart ...........................................................................................2 MMS Assessment Management Process ............................................................3 Fiscal and Energy Benefits of MMS Activities .................................................5 What Does the Future Hold? ...........................................................................7 FY 2004 Budget Request Summary ...................................................................8 Maintaining Operations ......................................................................................9 Visionary Requirement .....................................................................................10 Increased Security ............................................................................................11 Total FY 204 Funding for MMS Operations.....................................................11 Making Improvements ......................................................................................12 President’s Management Agenda .....................................................................13 Contributions to DOI Draft Strategic Plan .......................................................16 Budget Allocation Table ..................................................................................17 Budget Estimate.......................................................................... -
View Annual Report
2007 the dawn of the n e w transocean Proxy Statement & 2007 Annual Report CONTENTS SHAREHOLDERS’ LETTER NOTICE OF 2008 ANNUAL GENERAL MEETING AND PROXY STATEMENT 2007 ANNUAL REPORT TO SHAREHOLDERS ABOUT TRANSOCEAN INC. We are the world’s largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 138 mobile offshore drilling units, plus eight ultra-deepwater units under construction, our fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demand- ing segments of the offshore drilling business. We have more than 21,000 personnel worldwide. Since launching the offshore industry’s first jackup drilling rig in 1954, we have achieved a long history of techno- logical “firsts.” These innovations include the first dynamically positioned drillship, the first rig to drill year-round in the North Sea, the first semisubmersible rig for Sub-Arctic, year-round operations and the latest generations of ultra-deepwater semisubmersible rigs and drillships. In addition, we presently are constructing eight of the most modern and advanced drillships and semisubmersible rigs. Our equity market capitalization was approximately $41.9 billion at March 10, 2008, the largest among all offshore drilling companies. Our ordinary shares are traded on the New York Stock Exchange (NYSE) under the symbol RIG. Transocean: We’re never out of our depth.TM * As of March 10, 2008. Excludes two idle rigs held for sale, one de-watering unit and one coring drillship. ABOUT THE COVER: The ultra-deepwater drillship Discoverer Clear Leader, one of eight newbuild units scheduled to enter the Transocean fleet in the next few years, is being constructed in Korea and will include the most advanced offshore drilling technology. -
Shipbreaking" # 41
Shipbreaking Bulletin of information and analysis on ship demolition # 41, from July 1 to September 30, 2015 Content Offshore platforms: radioactive alert 1 Pipe layer 21 Reefer 37 Waiting for the blowtorches 3 Offshore supply vessel 22 Bulk carrier 38 Military & auxiliary vessels 7 Tanker 24 Cement carrier 47 The podium of best ports 13 Chemical tanker 26 Car carrier 47 3rd quarter overview: the plunge 14 Gas tanker 27 Ferry 48 Letters to the Editor 16 General cargo 28 Passenger ship 56 Seismic research 17 Container ship 34 Dredger 57 Drilling 18 Ro Ro 36 The End: Sitala, 54 years later 58 Drilling/FPSO 20 Tuna seiner / Factory ship 37 Sources 60 Offshore platforms: radioactive alert The arrival of « Nobi », St. Kitts & Nevis flag, in Bangladesh. © Birat Bhattacharjee Many offshore platforms built in the 1970s-1980’s have been sent to the breaking yards by the long- lasting drop in oil prices and the low profile of offshore activities. Owners gain an ultimate profit from dismantlement. Most of the offshore platforms sent to be demolished since the beginning of the year are semi-submersible rigs. This type of rig weighs 10 to 15,000 t, i.e. a gain for the last owners of 2-4 million $ on the current purchase price from shipbreaking yards. Seen in the scrapyards: Bangladesh: DB 101, Saint-Kitts-and-Nevis flag, 35.000 t. Nobi, Saint-Kitts-and-Nevis flag, 14.987 t. India: Ocean Epoch, Marshall Islands flag, 11.099 t. Octopus, 10.625 t. Turkey: Atwood Hunter, Marshall Islands flag. GSF Arctic I, Vanuatu flag. -
National Reconnaissance: Journal of the Discipline and Practice, 2005-C1, Pp
UNCLASSIFIED NATI!ONAL RECONNAISSANCE JOURNAL OF THE DISCIPLINE AND PRACTlCt: 2005-U1 CENTER FOR THE STUDY OF NATIONAL RECONNAISSANCE UNCLASSIFIED NATIONAL UNCLASSIFIED RECONNAISSANCE Editorial Staff EDITOR Robert A. McDonald ASSISTANT EDITOR Patrick D. Widlake PUBLICATION COORDINATOR Kimberly G. Hall EDITORIAL SUPPORT Sharon Moreno William M. Naylor Frances Lawson DESIGN AND LAYOUT Media Services Center Director of Policy Michael E. Brennan The Center for the Study of National Reconnaissance (CSNR) publishes National Reconnaissance for the educa tion and information of the national reconnaissance community. National Reconnaissance facilitates a synthesis of the technical, operational, and policy components that define and shape the enterprise of national reconnaissance. Employees and alumni of the National Reconnaissance Office, and its mission and industry partners, may submit items to be considered for publication. The Center for the Study of National Reconnaissance (CSNR) is the NRO Office of Policy's research, policy analysis, and history component. CSNR products and activities help define and explain the discipline, practice, and history of national reconnaissance. CSNR functions are intended to help to provide NRO leadership with a historical context and conceptual focus for its policy and programmatic decisions. CSNR also responds to today's reality of an increasingly open NRO, and helps inform and educate the national reconnaissance community. By accomplishing its mission, CSNR supports the NRO's strategic goals to execute space reconnaissance acquisition and operations, transform sources and methods, and partner in delivering vital intelligence. The information in this publication may not necessarily reflect the official views of the Intelligence Community, the Department of Defense, or any agency of the U.S.