Offshore

Transocean books USD 69 million deficit in third quarter

Transocean continues to lose money, booking a loss of USD 69 million for the third quarter. This is attributed to factors such as divestment of assets at a loss and restructuring costs.
Photo: RUSSELL CHEYNE/REUTERS / X02429
Photo: RUSSELL CHEYNE/REUTERS / X02429
by DAG HOLMSTAD

US-based drilling rig operator Transocean is in dire financial straits, according to the company's third quarter interim report, which shows a deficit of USD 69 million.

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