Transocean promotes Adamson to president, COO

Transocean Ltd. reported in a Form 8-K on Feb. 17 that Keelan Adamson was promoted to president and COO on Feb. 11. CEO Jeremy Thigpen will remain in his position and Adamson will continue to report to him, according to the filing.

Adamson had been Transocean's executive vice president and chief operations officer since August 2018. Before that, he was senior vice president, operations since October 2017. He joined Transocean in 1995 and has held rig management, human resources, and sales and marketing positions, among others.

In July 2021 S&P Global Ratings upgraded Transocean to CCC, from CCC-, citing improved liquidity. Ratings also upgraded Transocean's secured debt to B-, from CCC+; its priority unsecured guaranteed debt to CCC+, from CCC; its unsecured guaranteed debt to CCC+, from CCC; and its unsecured debt to CCC, from CCC-.

Transocean provides global offshore contract drilling services for oil and gas wells, with a fleet of mobile offshore drilling units, including ultra-deepwater floaters and "harsh environment" floaters.