Transocean projects stronger contract activity later this year

Rig operator Transocean finished a strong year for the drilling sector with a triple-digit million dollar deficit on its bottom line in record year characterized by large impairments. The company's CEO sees stronger contract activity later in the year and lasting into next year.

BY SØREN PICO, SHIPPINGWATCH

Drilling rig company Transocean becomes the latest drilling company to confirm that 2020 was a difficult year for the strained sector.

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