Transocean expects drilling market to improve in 2022

Transocean exits the second quarter with a significantly reduced deficit, and the drilling major's CEO projects improved rates and utilization from the turn of the year.

by daniel logan, shippingwatch

The world's largest drilling company, Transocean, reduced its deficit considerably in the second quarter of the year, with a high utilization rate contributing to the progress.

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Transocean secures work for two rigs in Norway
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Transocean defers payment of USD 400m, postpones delivery of two drillships
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Transocean projects stronger contract activity later this year
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