Things improved for Transocean in the third quarter this year, though the bottom line remains negative, shows the interim report from the world's largest rig operator published Tuesday.
In the quarter, the company reduced its net deficit to USD 409 million from a deficit of USD 1.4 billion in the same period last year. The losses are again attributed to impairments of USD 432 million in the third quarter, according to the report. Revenue grew from USD 699 million in the third quarter 2017 to USD 816 million this year.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.