NEWS ARCHIVE

Strong Q1 result for Transocean

OFFSHORE drilling expert Transocean has finished the 2014 first quarter with a wet sail, posting revenues of $US2.3 billion ($A2.5 billion) compared with $2.2 billion in the fourth quarter.

Noel Dyson

Better yet, its operating and maintenance expenses were $1.3 billion, down from the $1.5 billion in the fourth quarter of 2013, mainly due to lower shipyard and maintenance costs and the effect of Transocean's...

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