Transocean Ltd

Common Name
Transocean
Country
Switzerland
Sector
Energy
Industry
Oil & Gas Drilling
Employees
5,470
Ticker
RIG
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Transocean Ltd. is a leading offshore drilling contractor known for providing services in the exploration and production of oil and natural gas. Its primary function is to offer extensive deepwater an...

Transocean's GHG Emissions Data Preview

In 2022, Transocean completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Transocean has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2022202120202019 - 2017
Total Scope 1
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b
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c
0000000
Total Scope 2
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
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c
0000000
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Verified Sources Behind Transocean’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Transocean’s data sources below and access millions more through our Disclosure Search.

a. Transocean's Sustainability Report 2022
a. Transocean's Sustainability Report 2022
b. Transocean's Sustainability Report 2021
b. Transocean's Sustainability Report 2021
c. Transocean's Sustainability Report 2020
c. Transocean's Sustainability Report 2020

Insights into Transocean's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of Transocean amounted to 2,072 metric tons of CO2 equivalent. This figure reflects indirect emissions from purchased energy (Scope 2). a

Compared to 2021, the total operational greenhouse gas (GHG) emissions of Transocean decreased by 99.77%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

What are Transocean's Scope 2 emissions?

In 2022, Transocean reported Scope 2 greenhouse gas (GHG) emissions of 2,072 tCO₂e using the location-based method. a

Has Transocean reduced its Scope 2 emissions over time?

Compared to the previous year (2021), Transocean's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Transocean 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Transocean use for Scope 2 reporting?

In 2022, Transocean reported its Scope 2 emissions using the location-based method. a

Transocean's Scope 2 Emissions Over Time

201920202021202208501.7 k2.55 k3.4 ktCO2e
  • Total Scope 2 Location-Based

Insights into Transocean's Value Chain Emissions

In 2022, Transocean reported 24,215 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2022 disclosure of Transocean includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Transocean's Scope 3 Emissions Over Time

201920202021202208.5 k17 k25.5 k34 ktCO2e-32%-31%+58%
  • Total Scope 3
  • Year-over-Year Change

What are Transocean's Scope 3 emissions?

In 2022, Transocean reported total Scope 3 emissions of 24,215 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2021), Transocean's Scope 3 emissions increased by 58.1%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Transocean disclose?

In 2022, Transocean reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Transocean's Scope 3 emissions?

In 2022, the largest contributors to Transocean's Scope 3 emissions were: a

  • Business Travel (Cat. 6): 24,215 tCO₂e (100%)

Transocean's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(100.0%)

Insights into Transocean’s GHG Emissions Intensity Compared to Industry Peers

In 2021, Transocean reported Scope 1 greenhouse gas (GHG) emissions of 889,663 tCO₂e and total revenues of USD 2,556 millions. This translates into an emissions intensity of 348.07 tCO₂e per millions USD. b

Transocean's Scope 1 Emissions Intensity Compared to Peers

101,000100,00010,000,0001,000,000,000Scope 1 Emissions (tCO2e)502,000100,0005,000,000200,000,000Revenues (Millions of USD)ADArchrockYear: 2023Scope 1: 17,663 tCO2eRevenue: $M 990Scope 1 Intensity: 17.84 tCO2e/$MAAAlamtri Resources IndonesiaYear: 2024Scope 1: 1,246,442 tCO2eRevenue: $M 33,596,806Scope 1 Intensity: 0.04 tCO2e/$MSM EnergyYear: 2024Scope 1: 887,972 tCO2eRevenue: $M 2,671Scope 1 Intensity: 332.41 tCO2e/$MAlliance Resource PartnersYear: 2023Scope 1: 2,521,512 tCO2eRevenue: $M 2,567Scope 1 Intensity: 982.39 tCO2e/$MVista EnergyYear: 2024Scope 1: 203,000,000 tCO2eRevenue: $M 30,856Scope 1 Intensity: 6,578.93 tCO2e/$MVelesto EnergyYear: 2023Scope 1: 63,469 tCO2eRevenue: $M 264Scope 1 Intensity: 240.27 tCO2e/$MADES Holding Company ListedYear: 2024Scope 1: 526,210 tCO2eRevenue: $M 1,650Scope 1 Intensity: 318.82 tCO2e/$MIndo Tambangraya MegahYear: 2023Scope 1: 1,815,923 tCO2eRevenue: $M 39,305,693Scope 1 Intensity: 0.05 tCO2e/$MArabian DrillingYear: 2024Scope 1: 368,215 tCO2eRevenue: $M 964Scope 1 Intensity: 382.16 tCO2e/$MNorthern Oil and GasYear: 2024Scope 1: 17 tCO2eRevenue: $M 2,154Scope 1 Intensity: 0.01 tCO2e/$MDDDolphin DrillingYear: 2024Scope 1: 46,411 tCO2eRevenue: $M 93Scope 1 Intensity: 499.04 tCO2e/$MMurphy OilYear: 2024Scope 1: 986,645 tCO2eRevenue: $M 3,019Scope 1 Intensity: 326.86 tCO2e/$MSeadrillYear: 2023Scope 1: 436,501 tCO2eRevenue: $M 1,502Scope 1 Intensity: 290.61 tCO2e/$MExxaro ResourcesYear: 2024Scope 1: 338,000 tCO2eRevenue: $M 2,159Scope 1 Intensity: 156.54 tCO2e/$MMedco Energi InternasionalYear: 2022Scope 1: 5,710,288 tCO2eRevenue: $M 2,312Scope 1 Intensity: 2,469.60 tCO2e/$MNobleYear: 2024Scope 1: 871,060 tCO2eRevenue: $M 3,058Scope 1 Intensity: 284.86 tCO2e/$MCalifornia ResourcesYear: 2023Scope 1: 2,603,000 tCO2eRevenue: $M 2,813Scope 1 Intensity: 925.35 tCO2e/$MTormYear: 2023Scope 1: 1,558,254 tCO2eRevenue: $M 10,501Scope 1 Intensity: 148.39 tCO2e/$MGolden Energy MinesYear: 2024Scope 1: 1,237,910 tCO2eRevenue: $M 2,706Scope 1 Intensity: 457.55 tCO2e/$MTGSYear: 2023Scope 1: 76,102 tCO2eRevenue: $M 794Scope 1 Intensity: 95.81 tCO2e/$MUnited Energy GroupYear: 2024Scope 1: 4,066,720 tCO2eRevenue: $M 2,256Scope 1 Intensity: 1,802.38 tCO2e/$MOceaneering InternationalYear: 2023Scope 1: 44,690 tCO2eRevenue: $M 2,425Scope 1 Intensity: 18.43 tCO2e/$MHelmerich and PayneYear: 2023Scope 1: 1,142,000 tCO2eRevenue: $M 2,872Scope 1 Intensity: 397.57 tCO2e/$MTransoceanYear: 2021Scope 1: 889,663 tCO2eRevenue: $M 2,556Scope 1 Intensity: 348.07 tCO2e/$M

How does Transocean's GHG emissions intensity compare to its peers?

In 2021, Transocean reported a Scope 1 emissions intensity of 348.07 tCO₂e per millions USD. Compared to the peer group median of 318.82 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. b

Where does Transocean rank on GHG emissions intensity within its industry?

In 2021, Transocean ranked 15 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). b

Transocean is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. b

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