Transocean reduces billion dollar deficit in Q3

The world's largest rig operator reduced its loss in the third quarter from a billion dollar deficit to a loss of USD 409 million, according to the interim report. The company is preparing for more work, says CEO.

by KATRINE GRØNVALD RAUN

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.

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