Transocean Posts $487M Loss on Impairments. Revenues Rise on Dispute Settlement

Deepwater drilling company Transocean reported a second-quarter net loss of $487 million, mostly on impairment of assets. The adjusted net loss was $1 million, an improvement from an adjusted loss of $187 million in the previous quarter.

Total contract drilling revenues were $930 million, compared with $759 million in the first quarter of 2020.

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