Transocean Reviews | Glassdoor

Transocean Reviews

Updated March 24, 2017
144 reviews

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Full-time Part-time

3.5
Star Star Star Star Star
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Transocean President and CEO Jeremy D. Thigpen
Jeremy D. Thigpen
16 Ratings

144 Employee Reviews

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Pros
  • Good Pay, Regular schedule, Able to advance as far as you are willing to work for (in 12 reviews)

  • WOrk life balance is the best in the industry (in 5 reviews)

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 5 reviews)

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

More Pros and Cons

  1. "Leaves MUCH to be desired"

    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
    Neutral Outlook
    Approves of CEO

    I worked at Transocean full-time (More than 3 years)

    Pros

    CEO has a good vision for the company. Nice 401k match. There is a foodcourt downstairs. Twenty words. Twenty. Words.

    Cons

    I don't think I have enough space to accurately describe how toxic mid and some upper management is. They pay each other on the back yet do not focus on employee growth or training. Feedback is "encouraged" and retaliation is the name of the game.

    Advice to Management

    Comb through the mess that is now mid management. Look past the fluff and listen to the peons. I do not know a single employee who is actually happy to come to work in the morning. It's a paycheck and nothing more. Yes, we are lucky to have a job but you are also lucky to have the talent. Treat it as such.


  2. "Floorhand"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Transocean full-time

    Pros

    Large company. Good financial backing to survive downturn.

    Cons

    Very much...jobs for friends situation...seen a lot of good people get made redundant because someone else friend is needing a job etc. More interested in KPI'S instead a safe production.


  3. "It wasn't always like this..."

    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
    Neutral Outlook
    No opinion of CEO

    I worked at Transocean full-time

    Pros

    -Flex time work week and 1/2 day Friday
    -Decent benefits
    Five years ago, the Pros list would've easily outweighed the Cons list.

    Cons

    -Management is not interested in developing employees for growth
    -Long work hours and increased work responsibilities with no increase in pay
    -Company does not appreciate their employees
    -Bad communication

    Advice to Management

    Senior management should get feedback from employees on their work conditions. Seems that maybe mid-level management misrepresents conditions to senior management to make them conditions seem better than they really are.


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  5. "3rd Mate"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    great salary, and amazing time off

    Cons

    Office management do not seem to understand what is going on

    Advice to Management

    please incorporate more crew in decision making


  6. "Doing the best they can, odd choices in where to make cuts"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Third A/E
    Current Employee - Third A/E
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Transocean full-time (More than 5 years)

    Pros

    Great benefits, decent backlog of work, well positioned for the recovery of offshore drilling.

    Cons

    Continued down manning of rigs. Promotion and transfers are all dependent on who you know or luck. Performance evaluations don't seem to be worth the paper they are printed on.

    Advice to Management

    Clarity, clarity, clarity. By the time information gets down to the deck plates (if it gets there at all) it is typically exaggerated or wrong.


  7. "Excellent start to Mediocre ending"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Many locals in the beginning with tight connections
    Good benefits in the beginning
    Good pay

    Cons

    Downhill slide after Deepwater Horizon Tragedy
    Many lay offs
    Many people leaving for stable careers
    Economic Decline

    Advice to Management

    None


  8. "Good money but average for the industry"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Third Mate in Houston, TX
    Former Employee - Third Mate in Houston, TX
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    Great people to work with. Excellent benefits (200% of the first 5% matching on 401k, good HSA). Training programs are good.

    Cons

    It's a huge company with the bureaucracy to match. Lots of paperwork and burdensome regulations. Pay is high compared to land jobs but lower than many companies offshore. Everybody seems to be waiting for the axe to drop, more guys are laid off every day because of low oil prices.

    Advice to Management

    Don't lay off half the rig and expect to be able to do the same work. Don't compromise safety for money.


  9. "Offshore roustabout"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Roustabout
    Current Employee - Roustabout
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Transocean full-time (More than 3 years)

    Pros

    The company held on to you if you were a good hand and did your job. 401k is 2 to 1 up to 5% on your 401k contribution.

    Cons

    We took a lot of pay cuts and and lost our pension. Insurance continues to go up each year. You can't call home from your room on board the vessel only certain positions have that luxury.

    Advice to Management

    Enough with the regulations. Help the working man do there job and not restrict us at every turn. Safety is very important to us. Find a happy medium with regulations in order for us to perform our jobs better.


  10. "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.


  11. "Electronic Technician"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Electronic Technician in Houston, TX
    Former Employee - Electronic Technician in Houston, TX
    Recommends

    I worked at Transocean full-time (More than 3 years)

    Pros

    The company did a good job looking out for employees benefits (med. Den. salary matching etc), pay, career.

    Cons

    The company treats all employees equal without regard to longevity, most often this is ideal, in some instances not so though, ex. during mass layoffs, employees with 15 to 20 yrs service were giving the same package as those with 4 yrs. Those with longer service to the company should have been rewarded for their lengthy service.



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