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77-458: Schlumberger NV ( French: [ʃlumbɛʁʒe, ʃlœ̃b-] ), doing business as SLB , also known as Schlumberger Limited, is an American oilfield services company . As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue. Schlumberger is incorporated in Willemstad , Curaçao , Netherlands Antilles . and trades on

154-587: A hydrochloric acid spill in February 2009 at Chesapeake's Chancellor natural gas well site in Asylum Township, Bradford County, Pennsylvania . Officials said the leak did not contaminate groundwater. In 2006, as the current owner of a facility in Pickens, South Carolina , Schlumberger agreed to pay $ 11.8 million to federal and state agencies for a problem caused by the previous owner, Sangamo-Weston ,

231-402: A "heated argument" broke out on the platform 11 hours before the accident, in which Transocean and BP personnel disagreed on an engineering decision related to the closing of the well. On 14 May 2010, US President Barack Obama commented, "I did not appreciate what I considered to be a ridiculous spectacle… executives of BP and Transocean and Halliburton [the firm responsible for cementing

308-588: A Calgary-based provider of international land drilling services, from First Reserve and certain members of Saxon management. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals. Schlumberger had a minority share in Saxon previously. In 2015, Schlumberger was indicted by the US Department of Justice for sanction violations of conducting business in Iran and Sudan;

385-420: A DBA must be registered with a local or state government, or both, depending on the jurisdiction. For example, California, Texas and Virginia require a DBA to be registered with each county (or independent city in the case of Virginia) where the owner does business. Maryland and Colorado have DBAs registered with a state agency. Virginia also requires corporations and LLCs to file a copy of their registration with

462-467: A DBA statement, though names including the first and last name of the owner may be accepted. This also reduces the possibility of two local businesses operating under the same name, although some jurisdictions do not provide exclusivity for a name, or may allow more than one party to register the same name. Note, though, that this is not a substitute for filing a trademark application. A DBA filing carries no legal weight in establishing trademark rights. In

539-575: A capacitor manufacturing plant. The cause of the problem was from polychlorinated biphenyls (PCB) released into the environment by Sangamo-Weston from 1955 to 1987. According to the Justice Department's Environment and Natural Resources Division, an additional agreement by Schlumberger to purchase and remove dams will directly improve the Twelvemile Creek, South Carolina ecosystem and provide significant environmental benefits for

616-476: A contract, invoice, or cheque, they must also add the legal name of the business. Numbered companies will very often operate as something other than their legal name, which is unrecognizable to the public. In Chile , a trade name is known as a nombre de fantasía ('fantasy' or 'fiction' name), and the legal name of business is called a razón social (social name). In Ireland , businesses are legally required to register business names where these differ from

693-450: A corporate rebranding to be known as SLB. According to media statements, the company's CEO said the corporate rebranding is not a shift away from fossil fuels. In August 2022, SLB announced that SLB OneSubsea was going into a joint venture with AkerSolutions and Subsea7 . The ownership of SLB OneSubsea is 70% with Schlumberger, 20% with AkerSolutions and Subsea7 owning the last 10% In February 2023, SLB announced it had completed

770-492: A deal valued at $ 17.7 billion. With the acquisition, Transocean gained control of what at the time was the world's largest offshore operation. Among R&B Falcon's assets was the Deepwater Horizon . R&B Falcon had acquired Cliffs Drilling Company in 1998. In 2005, the company's Discoverer Spirit rig set a world record for the deepest offshore oil and gas well of 34,189 ft (10,421 m). In 2007,

847-692: A merger of two drilling companies, the S outh e astern D rilling Co mpany (Sedco), founded in 1947 by Bill Clements and acquired by Schlumberger in 1985 for $ 1 billion and French drilling company Forages et Exploitations Pétrolières (Forex) founded in 1942 in German-occupied France for drilling in North Africa. Schlumberger first got a foothold in the company in 1959 and then assumed total control in 1964, and renamed it Forex Neptune Drilling Company. In 2000, Transocean acquired R&B Falcon Corporation, owner of 115 drilling rigs, in

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924-434: A simpler name rather than using their formal and often lengthier name. Trade names are also used when a preferred name cannot be registered, often because it may already be registered or is too similar to a name that is already registered. Using one or more fictitious business names does not create additional separate legal entities. The distinction between a registered legal name and a fictitious business name, or trade name,

1001-413: A trade name is known as a nombre de fantasía ('fantasy' or 'fiction' name), and the legal name of business is called a razón social (social name). In Brazil , a trade name is known as a nome fantasia ('fantasy' or 'fiction' name), and the legal name of business is called razão social (social name). In some Canadian jurisdictions , such as Ontario , when a businessperson writes a trade name on

1078-419: A transaction that created a company with an enterprise value of $ 53 billion. Shareholders of GlobalSantaFe Corporation received $ 15 billion of cash as well as stock in the new company for their shares. Robert E. Rose, who was non-executive chairman of GlobalSantaFe, was made Transocean's chairman. Rose had been chairman of Global Marine prior to its 2001 merger with Santa Fe International Corporation. In 2008,

1155-524: Is called a razón social . Transocean Transocean Ltd. is an American drilling company . It is the world's largest offshore drilling contractor based on revenue and is based in Steinhausen, Switzerland . The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia. In 2010, Transocean

1232-593: Is dominant, but the accident has definitely tarnished its reputation for worker safety and for being able to manage and deliver on extraordinarily complex deepwater projects," said Christopher Ruppel, an energy expert and managing director of capital markets at Execution Noble, an investment bank . On 2 March 2002, a Scottish man was killed in an accident aboard the Transocean Leader drilling rig operated for BP , located about 138 kilometers (86 miles) west of Shetland , Scotland. On 17 June 2003, one worker

1309-498: Is important because fictitious business names do not always identify the entity that is legally responsible . Legal agreements (such as contracts ) are normally made using the registered legal name of the business. If a corporation fails to consistently adhere to such important legal formalities like using its registered legal name in contracts, it may be subject to piercing of the corporate veil . In English , trade names are generally treated as proper nouns . In Argentina ,

1386-457: Is noted as "buying time" while it continues to carry out the bulk of its business in the country. In March 2024, it was reported that SLB has no intentions of withdrawing from Russia, despite western pressure to reduce financial support to the Kremlin’s war efforts. Trade name In a number of countries, the phrase " trading as " (abbreviated to t/a ) is used to designate a trade name. In

1463-973: The Democratic Republic of the Congo , and the United States. The new company sold electrical-measurement mapping services, and recorded the first-ever electrical resistivity well log in Merkwiller-Pechelbronn , France, in 1927. The company quickly expanded, logging its first well in the U.S. in 1929 in Kern County, California . In 1934, the Schlumberger Well Surveying Corporation was founded in Houston , later evolving into Schlumberger Well Services, and finally Schlumberger Wireline and Testing. Schlumberger invested heavily in research, inaugurating

1540-554: The Gulf of Mexico that was leased to BP . In 2011, the company acquired Aker Drilling , which owned 4 harsh environment rigs used for drilling near Norway. In 2012, the company sold 38 shallow water rigs and narrowed its focus on high-specification deepwater rigs. In 2013, the company was added to the S&;P 500 index. In February 2015, CEO Steven Newman quit following a $ 2.2 billion quarterly loss. Effective on 30 March 2016,

1617-538: The Louisiana coast. The US Coast Guard launched a rescue operation after the explosion which killed 11 workers and critically injured seven of the 126-member crew. Deepwater Horizon was completely destroyed and subsequently sank. As the Deepwater Horizon sank, the riser pipe that connected the well-head to the rig was severed. As a result, oil began to spill into the Gulf of Mexico . Estimates of

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1694-823: The New York Stock Exchange , Euronext Paris, the London Stock Exchange and SIX Swiss Exchange . Its principal executive offices are located in Houston, Texas . In 2022, the Forbes Global 2000 ranked Schlumberger the 349th largest company in the world. Schlumberger was founded in 1926 in Paris as the Electric Prospecting Company ( French : Société de prospection électrique ) by two brothers Conrad and Marcel Schlumberger from Alsace . Schlumberger supplies

1771-466: The United Kingdom , there is no filing requirement for a "business name", defined as "any name under which someone carries on business" that, for a company or limited liability partnership, "is not its registered name", but there are requirements for disclosure of the owner's true name and some restrictions on the use of certain names. A minority of U.S. states, including Washington , still use

1848-461: The United States , the phrase " doing business as " (abbreviated to DBA , dba , d.b.a. , or d/b/a ) is used, among others, such as assumed business name or fictitious business name . In Canada , " operating as " (abbreviated to o/a ) and " trading as " are used, although " doing business as " is also sometimes used. A company typically uses a trade name to conduct business using

1925-523: The petroleum industry with services such as seismic data processing, formation evaluation , well testing and directional drilling , well cementing and stimulation , artificial lift, well completions, flow assurance and consulting, and software and information management. The company is also involved in the groundwater extraction and carbon capture and storage industries. The Schlumberger brothers had experience conducting geophysical surveys in countries such as Romania, Canada, Serbia , South Africa,

2002-675: The Automated Test Equipment group, part of the 1979 Fairchild Semiconductor acquisition, was spun off to NPTest Holding, which was sold it to Credence in February 2004. In 2004, Schlumberger Business Consulting was launched and a decade later was acquired by Accenture . In 2005, Schlumberger purchased Waterloo Hydrogeologic , which was followed by several other groundwater industry related companies, such as Westbay Instruments, and Van Essen Instruments. Also that year, Schlumberger relocated its U.S. corporate offices from New York to Houston. In 2006, Schlumberger purchased

2079-585: The Carloway district of the Isle of Lewis in the Outer Hebrides , Scotland . The rig had been under tow by the tug Alp Forward in winds of galeforce, when the tow line broke. The rig subsequently drifted ashore at Dalmore and became stuck fast on rocks at 07.30 BST. Continuing poor weather meant that a damage inspection by salvors has been practically impossible, as personnel require to be airlifted on to

2156-457: The French state, Genvia and critical-industry leaders on the pathway to net zero in the cement and steel industries. Through these agreements, the goal is to scale up the next generation of electrolyzer technology, developed over the last two decades, to produce clean hydrogen without CO 2 emissions, accelerating the decarbonization of multiple industrial sectors. In 2022, Schlumberger completed

2233-451: The Gulf of Mexico, we achieved an exemplary statistical safety record as measured by our total recordable incident rate and total potential severity rate." They used this justification to award employees about two-thirds of the maximum possible safety bonuses. In response to broad criticism, including from Interior Secretary Ken Salazar , the company announced that its executives would donate

2310-656: The Neptune Drilling Company. The first computerized reservoir analysis, SARABAND, was introduced in 1970. The remaining 50% of Forex was acquired the following year; Neptune was renamed Forex Neptune Drilling Company. In 1979, Fairchild Camera and Instrument (including Fairchild Semiconductor ) became a subsidiary of Schlumberger Limited. In 1981, Schlumberger established the first international data links with e-mail. In 1983, Schlumberger opened its Cambridge Research Center in Cambridge, England . In 1984,

2387-544: The Russo-Ukrainian War . In 2009, Schlumberger acquired Techsia SA, a software company based in Montpellier, France with a product widely used in the oil industry called Techlog. In 2010, the acquisition of Smith International in an all-stock deal valued at $ 11.3 billion was announced. The sale price is 45.84-a-share price was 37.5 percent higher than Smith closing price on 18 February 2010. The deal

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2464-845: The SEDCO drilling rig company and half of Dowell of North America were acquired, resulting in the creation of the Anadrill drilling segment, a combination of Dowell and The Analysts' drilling segments. Forex Neptune was merged with SEDCO to create the Sedco Forex Drilling Company the following year, when Schlumberger purchased Merlin and 50% of GECO . In 1987, Schlumberger completed its purchases of Neptune (North America), Bosco and Cori (Italy), and Allmess (Germany). That same year, National Semiconductor acquired Fairchild Semiconductor from Schlumberger for $ 122 million. In 1991, Schlumberger acquired PRAKLA-SEISMOS, and pioneered

2541-675: The Schlumberger-Doll Research Center in Ridgefield, Connecticut , in 1948, contributing to the development of a number of new logging tools. In 1956, Schlumberger Limited was incorporated as a holding company for all Schlumberger Limited businesses, which by now included American testing and production company Johnston Testers. Over the years, Schlumberger continued to expand its operations and acquisitions. In 1960, Dowell Schlumberger (50% Schlumberger, 50% Dow Chemical ), which specialized in pumping services for

2618-729: The Sugar Land facility from its Houston office building. The company plans to build new buildings with a scheduled completion time of late 2017. They include a total of 250,000 square feet (23,000 m) of Class A office space and an "amenities" building with 100,000 square feet (9,300 m) of space. In the 1930s, the North American headquarters were established in Houston. In the 1970s, the company's top executives in North America were relocated to New York City . By 2006,

2695-541: The U.S. District Court in Washington, D.C., found Smith International Inc. and Schlumberger Ltd. guilty of criminal contempt and fined each company $ 750,000 and placed each company on five years probation. Both companies also agreed to pay a total of $ 13.1 million, representing a full disgorgement of all of the joint venture's profits during the time the companies were in contempt. In 2000, the Geco-Prakla division

2772-418: The U.S., trademark rights are acquired by use in commerce, but there can be substantial benefits to filing a trademark application. Sole proprietors are the most common users of DBAs. Sole proprietors are individual business owners who run their businesses themselves. Since most people in these circumstances use a business name other than their own name, it is often necessary for them to get DBAs. Generally,

2849-591: The US Department of Justice and the Securities and Exchange Commission filed a case against Transocean, alleging violations of the Foreign Corrupt Practices Act . The case alleged that Transocean paid bribes through its freight forwarding agents to Nigerian customs officials. Transocean later admitted to approving the bribes and agreed to pay US$ 13,440,000 to settle the matter. In 2007, the company merged with GlobalSantaFe Corporation in

2926-544: The acquisition of the Houston -headquartered gyroscopic wellbore positioning and survey technology company, Gyrodata Incorporated. In April 2024, SLB announced its intention to acquire smaller rival ChampionX, in an all-stock deal valued at $ 7.75 billion, its largest purchase since Cameron International. The company has offices in multiple cities and regions in France: Abbeville, Béziers, Clamart, Montpellier, Pau and Paris. Such sites and entities are as well at

3003-475: The affected communities. In 2010, Schlumberger was contracted to perform wireline logging on the Deepwater Horizon oil rig in the Gulf of Mexico . On the day of the explosion, the Schlumberger crew was supposed to perform a cement evaluation test, but the test was cancelled and the crew was released by BP to leave the rig on the same day. The cost-cutting decision to cancel the test is dramatized in

3080-711: The company delisted its shares from the SIX Swiss Exchange , at which time its shares were removed from the Swiss Market Index . Effective on January 30, 2018, the company completed its acquisition of Songa Offshore . In December 2018, the company acquired Ocean Rig . Transocean was rated as a leader in its industry for many years. 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. From 2004 to 2007, Transocean

3157-427: The company moved its headquarters to Switzerland, resulting in a significantly lower tax rate. In September 2009, its Deepwater Horizon rig established a 35,050 ft (10,680 m) well, the deepest well in history – more than 5,000 feet deeper than its stated design specification. In 2010, Transocean was implicated in the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in

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3234-434: The company was fined $ 233 million, amounting to the largest fine for sanctions to date. In 2015, due to a downturn in the global oil and gas industry, Schlumberger announced 21,000 layoffs accounting for 15% of the company's total workforce. In 2015, Schlumberger agreed to acquire oilfield equipment manufacturer Cameron International for $ 14.8 billion. In 2018, Schlumberger announced that WesternGeco would be exiting

3311-469: The company's revenues. Transocean was formed as a result of the merger of Southern Natural Gas Company, later Sonat , with many smaller drilling companies. In 1953, the Birmingham, Alabama -based Southern Natural Gas Company created The Offshore Company after acquiring the joint drilling operation DeLong-McDermott from DeLong Engineering and J. Ray McDermott . In 1954, the company launched Rig 51,

3388-734: The company's transport partner, when the improperly secured container fell off the trailer on which it was being transported. In 2010, the Aberdeen Sheriff court fined Schlumberger Oilfield UK £300,000 for losing a radioactive source on the rig floor on the Ensco 101 mobile drilling rig in the North Sea for 4 hours. In 2009, the Pennsylvania Department of Environmental Protection fined Chesapeake Appalachia LLC and Schlumberger Technology Corp. more than $ 15,500 each for

3465-468: The company's vessels. On 20 April 2010, a fire was reported on a Transocean-owned semisubmersible drilling rig , Deepwater Horizon . Deepwater Horizon was a RBS8D design of Reading & Bates Falcon, a firm that was acquired by Transocean in 2001. The fire broke out at 10:00 p.m. CDT UTC−5 in US waters of Mississippi Canyon Block 252 in the Gulf of Mexico . The rig was 41 mi (66 km) off

3542-567: The company. Human rights groups such as Business & Human Rights Resource Centre are watching how the company responds to the concerns. About a week later, the company said it was evaluating unspecified options for its thousands of Russian employees. According to a list maintained by the Chief Executive Leadership Institute at Yale University which tracks company responses about operating in Russia, Schlumberger

3619-534: The county or city to be registered with the State Corporation Commission. DBA statements are often used in conjunction with a franchise . The franchisee will have a legal name under which it may sue and be sued, but will conduct business under the franchiser's brand name (which the public would recognize). A typical real-world example can be found in a well-known pricing mistake case, Donovan v. RRL Corp. , 26 Cal. 4th 261 (2001), where

3696-540: The creation of Omnes, which then handled all of the company's internal IT business. Oilphase and Camco International were also purchased. In 1999, Schlumberger and Smith International created a joint venture, M-I L.L.C., the world's largest drilling fluids (mud) company. The company consists of 60% Smith International, and 40% by Schlumberger. Since the joint venture was prohibited by a 1994 antitrust consent decree barring Smith from selling or combining their fluids business with certain other companies, including Schlumberger,

3773-538: The first mobile jackup rig , in the Gulf of Mexico. In 1967, the Offshore Company went public. In 1978, SNG turned it into a wholly owned subsidiary. In 1982, it was changed to Sonat Offshore Drilling Inc. , reflecting a change in its parent's name. William C. O'Malley, an executive at Sonat's headquarters in Birmingham, was named the company's first Chief Executive Officer in 1992. In 1993, Sonat spun off

3850-548: The forefront of the SLB New Energy strategy and development. (example: Geothermal with Celsius Energy and Hydrogen with Genvia) Schlumberger maintains a 33-acre (13 ha) campus at the northeast corner of U.S. Highway 90A and Gillingham Lane in Sugar Land, Texas ; as of 2017 Schlumberger is the third largest employer in the city. In 2015, Schlumberger announced that it was moving its U.S. corporate headquarters to

3927-401: The full company. The lawsuit alleges that males regularly documented their harassment of female co-workers and flaunted them on public forums. Male colleagues would also encourage other men to break into a plaintiff's room at night and stonewall her if she did not consent to sexual activity. The lawsuit also outlines instances of "sexist and hostile comments", and one instance in which a plaintiff

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4004-539: The head office had 50 executives and support staff. By that year the company was moving that office to a building near the Houston Galleria . The company moved its Houston-area offices from 5000 Gulf Freeway in Houston to the Sugar Land campus in 1995. In 2006, a radioactive canister imported by Schlumberger was recovered in the Western Australian outback desert. The canister had been lost by

4081-402: The law is to protect the public from fraud, by compelling the business owner to first file or register his fictitious business name with the county clerk, and then making a further public record of it by publishing it in a newspaper. Several other states, such as Illinois , require print notices as well. In Uruguay , a trade name is known as a nombre fantasía , and the legal name of business

4158-483: The leak were about 80,000 barrels per day – for 87 days. Louisiana Governor Bobby Jindal declared a state of emergency on 29 April, as the oil slick grew and headed toward the most important and most sensitive wetlands in North America, threatening to destroy wildlife and the livelihood of thousands of fishermen. The head of BP Group told CNN 's Brian Todd on 28 April that the accident could have been prevented and focused blame on Transocean, which owned and partly manned

4235-518: The majority of its ownership in the company. Sonat sold its remaining 40% stake in the company during a secondary public offering in late 1995. In 1996, the company acquired Norwegian group Transocean ASA for US$ 1.5 billion. Transocean started in the 1970s as a whaling company and expanded through a series of mergers. The new company was called Transocean Offshore. The new company began building massive drilling operations with drills capable of going to 10,000 feet (as opposed to 3,000 feet at

4312-461: The named defendant, RRL Corporation, was a Lexus car dealership doing business as " Lexus of Westminster ", but remaining a separate legal entity from Lexus, a division of Toyota Motor Sales, USA, Inc. . In California , filing a DBA statement also requires that a notice of the fictitious name be published in local newspapers for some set period of time to inform the public of the owner's intent to operate under an assumed name . The intention of

4389-495: The oil at a distance of about 370 km from Rio de Janeiro, but other beautiful beaches are much closer (estimated 140 km). 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. In the early hours of Monday 8 August 2016, the semi-submersible drilling rig Transocean Winner ran aground near Dalmore in

4466-490: The oil industry, was formed. On February 2, 1962, Schlumberger Limited became listed on the New York Stock Exchange . That same year, Schlumberger purchased Daystrom, an electronic instruments manufacturer in South Boston, Virginia , which was making furniture by the time the division was sold to Sperry & Hutchinson in 1971. Schlumberger purchased 50% of Forex in 1964 and merged it with 50% of Languedocienne to create

4543-543: The remaining 30% of WesternGeco from Baker Hughes for US$ 2.4 billion. Also that year, the Schlumberger-Doll Research Center was relocated to a newly built research facility in Cambridge, Massachusetts , to replace the Ridgefield, Connecticut , research center. The facility joins the other research centers operated by the company in Cambridge, England ; Moscow, Russia ; Stavanger, Norway ; and Dhahran, Saudi Arabia . In March 2022, Schlumberger stopped investing in its projects in Russia because of International sanctions during

4620-483: The rig. Transocean came under fire from lawyers, representing the fishing and tourism businesses that were hit by the oil spill, and the United States Department of Justice for seeking to use a Limitation of Liability Act of 1851 to restrict its liability for economic damages to $ 26.7 million. During Congressional testimony, Transocean and BP blamed each other for the disaster. It emerged that

4697-516: The safety portion of the bonuses to a fund supporting the victims' families. The offshore drilling facility "Sedco 706", operated by Transocean under contract from Chevron , began to leak in November 2011 while working on the "Frade" oil field. Oil began leaking from the seabed at a depth of approximately 1100 to 1200m. Damage included an oil slick (oil floating on the ocean surface) covering an area of approximately 80 km2 and growing. This put

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4774-427: The seismic data acquisition business, both onshore and offshore, while retaining its multiclient data processing and interpretation segments. This decision followed the bankruptcy filings of several competitors in the seismic services sector. In 2020, Schlumberger cut more than 21,000 jobs during the global COVID-19 pandemic . In 2021, Schlumberger New Energy announced the signature of pilot project agreements between

4851-431: The subsequent film by Peter Berg . In 2015, Schlumberger pled guilty to violating U.S. sanctions related to Iran and Sudan and agreed to pay a $ 237 million penalty. In 2020, a class action lawsuit was filed against Schlumberger, alleging a culture of sexual harassment, discrimination, and retaliation. According to the company's pay-gap report for 2018, women composed a mere 5.4% of field roles and 16.2% of roles in

4928-459: The surname(s) of the sole trader or partners, or the legal name of a company. The Companies Registration Office publishes a searchable register of such business names. In Japan , the word yagō ( 屋号 ) is used. In Colonial Nigeria , certain tribes had members that used a variety of trading names to conduct business with the Europeans. Two examples were King Perekule VII of Bonny , who

5005-469: The term trade name to refer to "doing business as" (DBA) names. In most U.S. states now, however, DBAs are officially referred to using other terms. Almost half of the states, including New York and Oregon , use the terms assumed business name or assumed name ; nearly as many, including Pennsylvania , use the term fictitious name . For consumer protection purposes, many U.S. jurisdictions require businesses operating with fictitious names to file

5082-477: The time) and operating two drill operations on the same ship. Its first ship, Discoverer Enterprise , cost nearly US$ 430 million and was 834 ft (254 m). The Enterprise class drillship is the largest of the drilling ships. In 1999, Transocean merged with Sedco Forex, the offshore drilling subsidiary of Schlumberger in a $ 3.2 billion stock transaction in which Schlumberger shareholders received shares of Transocean. Sedco Forex had been formed from

5159-433: The use of geosteering to plan the drill path in horizontal wells. In 1992, Schlumberger acquired software company GeoQuest Systems . With the purchase came the conversion of SINet to TCP/IP and thus internet capable. In the 1990s Schlumberger bought out the petroleum division, AEG meter, and ECLIPSE reservoir study team Intera Technologies Corp. A joint venture between Schlumberger and Cable & Wireless resulted with

5236-407: The well] falling over each other to point the finger of blame at somebody else. The American people could not have been impressed with that display, and I certainly wasn't." Transocean later claimed that 2010, the year in which the disaster occurred, was "the best year in safety performance in our company’s history". In a regulatory filing, Transocean said, "Notwithstanding the tragic loss of life in

5313-488: Was an Athens 2004 Summer Olympics partner, but the venture into IT consultancy did not pay off, and divestiture of Sema to Atos Origin was completed that year for $ 1.5 billion. The cards division was divested through an IPO to form Axalto , which later merged with Gemplus to form Gemalto , and the Messaging Solutions unit was spun off and merged with Taral Networks to form Airwide Solutions . In 2003,

5390-451: Was found partially responsible (30% of total liability) for the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in the Gulf of Mexico . The primary business of Transocean is contracts with other large companies in the oil and gas industry . In 2019, Royal Dutch Shell accounted for 26% of the company's revenues, while Equinor accounted for 21% of the company's revenues, and Chevron accounted for 17% of

5467-660: Was found to be in compliance for this matter. On 12 April 2007, the Bourbon Dolphin supply boat sank off the coast of Scotland while servicing the Transocean Rather drilling rig, killing eight people. The Norwegian Ministry of Justice established a Commission of Inquiry to investigate the incident, and the commission's report found a series of "unfortunate circumstances" led to the accident "with many of them linked to Bourbon Offshore and Transocean." In 2008, two Transocean workers were reportedly killed on

5544-497: Was groped. Women who complain to HR are told it is all just "oil field talk" and are subsequently ignored. When a plaintiff kept complaining, Schlumberger allegedly terminated the plaintiff. Women who spoke with The Texas Observer describe a culture of silence, where women stay silent for fear of being fired in the high turnover company. In October 2022, it was reported that some of Schlumberger's more than 9,000 Russian employees based in Russia received military draft notices through

5621-536: Was killed, four others were hospitalised and 21 were evacuated after an explosion on a Transocean gas drilling rig in Galveston Bay, Texas . On 24 August 2005, the UK Health and Safety Executive issued a notice to Transocean saying that, it had failed to maintain its "remote blowout preventor control panel … in an efficient state, efficient working order and in good repair." On 21 November 2005, Transocean

5698-553: Was known as Captain Pepple in trade matters, and King Jubo Jubogha of Opobo , who bore the pseudonym Captain Jaja . Both Pepple and Jaja would bequeath their trade names to their royal descendants as official surnames upon their deaths. In Singapore , there is no filing requirement for a "trading as" name, but there are requirements for disclosure of the underlying business or company's registered name and unique entity number. In

5775-457: Was merged with Western Geophysical to create the seismic data acquisition and processing contracting company WesternGeco , of which Schlumberger held a 70% stake, the remaining 30% belonging to competitor Baker Hughes . Sedco Forex was spun off, and merged with Transocean Drilling company in 2000. In 2001, Schlumberger acquired the IT consultancy company Sema plc for $ 5.2 billion. The company

5852-436: Was the biggest acquisition in Schlumberger history until their acquisition of Cameron International . The merger was completed on August 27, 2010. Also announced in 2010 were Schlumberger plans to acquire Geoservices, a French-based company specializing in energy services, in a deal valued at $ 1.1 billion, including debt. In 2014, Schlumberger announced the purchase of the remaining shares of SES Holdings Limited ("Saxon"),

5929-585: Was the leader or near the top among deep-water drillers in "job quality" and "overall satisfaction." In 2008 and 2009, surveys ranked Transocean as last among deep-water drillers for "job quality" and next to last in "overall satisfaction." In 2008 and 2009, Transocean ranked first for in-house safety and environmental policies, and in the middle of the pack for perceived environmental and safety record. The Deepwater Horizon explosion and massive oil spill , starting in April 2010, further hurt its reputation. "Transocean

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