Transocean and Valaris present Q1 losses

The rig market may be improving, however, like Noble Corp., both Transocean and Valaris booked losses for the year’s first quarter.
Photo: PR/Transocean
Photo: PR/Transocean
by dag holmstad, shippingwatch, translated by kristoffer grønbæk

Increasing activity and higher day rates may characterize the offshore drilling market, but the operating income among major rig companies is still under pressure.

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