Offshore

Transocean hopes that the market bottomed out last year

The market bottomed out in 2019, projects the chief executive of drilling company Transocean. The company booked a deficit after taxes of around USD 1.3 billion.
Photo: PR/Transocean
Photo: PR/Transocean
by KATRINE GRØNVALD RAUN

Transocean CEO Jeremy Thigpen hopes that the worst is over for the drilling rig sector, which has been under severe pressure for years now.

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