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All rights reserved under US and international law. Our History Today’s Transocean is the modern descendant of the world’s most innovative and successful deepwater drilling companies, and the pioneering people who made them great. A Legacy of Bold Leadership For generations Transocean and its legacy companies have led the offshore drilling industry with the most innovative and sophisticated technology, and the people that put it to record-setting use. Transocean traces its roots to onshore drilling operations, where T. Refining Company of Fort Worth, Texas in 1926. Stoneman bought the company’s first drilling rig, paying for it with a personal check and putting it on his expense report.