Transocean books another large deficit

US-based rig group Transocean grew its revenue in the third quarter, though the bottom line shows an even larger deficit than in the previous quarter.

Photo: Reuters Staff / Reuters / Ritzau Scanpix

The world's second-largest rig operator, Transocean, has booked a new massive deficit.

Even though the US-based company grew its revenue in the second quarter, the net result for the period finished at an adjusted deficit of USD 209 million, according to a financial update from the company.

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