Transocean Reviews | Glassdoor

Transocean Reviews

Updated May 10, 2017
17 reviews

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2.0
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Transocean President and CEO Jeremy D. Thigpen
Jeremy D. Thigpen
2 Ratings

17 Employee Reviews

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Pros
Cons
  • I believe upper management should see who is ready to move up inside the company rather than someone who has never been offshore (in 7 reviews)

  • Oil and Gas Market condition impact work load (in 3 reviews)

More Pros and Cons

  1. "Transocean"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Management in Houston, TX
    Former Employee - Senior Management in Houston, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Transocean full-time (More than 10 years)

    Pros

    This is not a bad company to work for in general. When times are good the workers are happy.

    Cons

    Unfortunately the oil industry is in a bad position at present. Transocean have had to make huge cuts in their workforce and decimated the experience that they once had employed. In general I feel that this should have bee looked at in a better way.

    Advice to Management

    The previous CEO had a vision for Deepwater drilling only, this in my opinion, was the wrong one. As we watch oil prices stabilize around the $50-$60 area, deepwater fleets will be very slow in picking up work, jackup and mid water fleet will be first. Remember the 'bread and butter' that made Transocean.


  2. Helpful (2)

    "Management is awful"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Information Technology in Houston, TX
    Former Employee - Information Technology in Houston, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Transocean full-time (More than a year)

    Pros

    None. They own you not just 40 hours a week but nights and weekends.

    Cons

    Management is awful!. Manager, has no management skills. Keeps employees who can't do basic IT, cant show up on time, and doesn't work but won't fire them for fear that they will shoot him. Loses good IT staff who gets work done. Over works his hard working staff. Example of poor management he used a college graduate with 10 years experience, in IT and servers answering the phones full time, and doing basic IT support and supporting servers when he has 4 high school graduates who were hired to answer the phone and take care of basic IT support sitting around watching YouTube.

    Advice to Management

    They have some more House Cleaning to do.

  3. "Senior Project Engineer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Project Engineer in Houston, TX
    Former Employee - Senior Project Engineer in Houston, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    First rate co-workers and ability to shape your career. Worldwide travel, never a dull day.

    Cons

    Starting with Macondo culture has developed into a bunker mentality. Continuous reorganization and downturn have resulted in extensive lay-offs.

    Advice to Management

    Focus on retaining top talent at the expense of short term profits. When the turnaround comes, people will be your most valuable resource and harder to obtain then new iron.


  4. "Watch your six"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX
    Doesn't Recommend
    Negative Outlook

    I worked at Transocean full-time (More than 5 years)

    Pros

    Financially positioned to weather downturns of cyclical industry
    Technical/engineering strength
    Competitive salary/benefits

    Cons

    Entrenched deadwood has outsized negative impact on corporate office culture
    Difficult near- to mid-term outlook raises stress of already difficult environment
    Industry still in retrenchment

    Advice to Management

    Take a closer look at manager-


  5. Helpful (1)

    "Trying to survive"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Project Buyer in Houston, TX
    Former Employee - Senior Project Buyer in Houston, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Transocean full-time (More than a year)

    Pros

    Great benefits, nice offices, employees are nice and there are lots of motivational events. They are easy to drive to and lots of nearby places for lunch.

    Cons

    Working 80+ hours a week. Management does not give clear instruction on what they want. The culture is one of fear and oppression. Not a good place to work. They offer little training on the systems but yet expect you to know how prepare complex analytics.

    Advice to Management

    need to streamline processes and listen to the people on the ground.


  6. Helpful (2)

    "OMG!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Doesn't Matter in Houston, TX
    Former Employee - Doesn't Matter in Houston, TX
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Transocean full-time (More than 8 years)

    Pros

    Salary, Benefits, Work Schedule. If you need to beef up your resume it's a good place to work.

    Cons

    Low morale. Lack of transparency, promotion of inept employees, favoritism, core values mean nothing, with the exception of safety. They have been going through layoff for 2 or 3 years and it's the older employees going first. Of course age discrimination can't be proved, right?

    Advice to Management

    Look at areas with the greatest turnover and address the problems, i.e., look for patterns. Pay attention to what employees do rather than what they say at all levels. If you can sense the low morale and you care do something about it. Happy employees are more productive and that adds to the company's bottom line.


  7. "Extremely top heavy management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager, Corporate Planning in Houston, TX
    Former Employee - Manager, Corporate Planning in Houston, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Transocean full-time (More than 10 years)

    Pros

    Good pay and benefits and generally nice people, though competence is a minor criteria for promotion, mimicking and praising your boss being far more important.

    Cons

    At the shore based HQS, it is almost impossible to convince management to listen, much less act. All authority resides at least two management levels above responsibility. Managers are required to make most decisions and not allowed to delegate. There is virtually no numerical analysis, most discussions about key issues start with " how do you FEEL?" . Thus, most decisions are made by managers who don't have or don't fully understand the facts, and based on gut feeling rather than facts.

    Advice to Management

    Learn the basics of avoiding poor decisions by basing key decisions on analysis.

  8. "The ship is sinking..."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Houston, TX
    Current Employee - Anonymous Employee in Houston, TX
    Doesn't Recommend
    No opinion of CEO

    Pros

    Pays well compared to most organizations.

    Cons

    Things seem to be in a perpetual state of disarray...

    Advice to Management

    Move away from the tenure-based environment toward a more meritocratic one.


  9. "Decent company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    I worked at Transocean full-time

    Pros

    Good pay and loved the work schedule

    Cons

    Company had a major layoff

    Advice to Management

    To be able to re-Hire your layed off employees.


  10. Helpful (1)

    "No thanks"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Flexible schedule, never have to take work home

    Cons

    Pay below market, no upward mobility


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