Transocean benefits from canceled contract for drilling vessel
Transocean received a large one-off income in October when an Indian offshore company canceled a long-term contract for a drilling vessel. The figure offsets a decline in revenue from drilling activities in the fourth quarter.
BY NIKLAS KRIGSLUND, SHIPPINGWATCH
Rig company Transocean's drilling business noted a setback in revenue in the fourth quarter 2016.
But a one-off income from a canceled contract for a drilling vessel made the company's combined revenue grow in the last three months of the year.
The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.