Transocean weighed down by idle rigs in Q3

Drilling major Transocean took a setback in the third quarter during which one-time expenses and contract expirations pulled down the results. CEO is optimistic, however, particularly due to rising oil prices.

Photo: Daniella Beccaria/AP/Ritzau Scanpix

bv daniel logan, shippingwatch, translated by christoffer østergaard

Transocean reports a decline in the third quarter during which one-time expenses and rigs dragged down the results.

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