Rig company Transocean finished the second quarter with another large net deficit, this time totaling USD 1.1 billion, as a result of several impairments.
Over the period, the Swiss-American company booked several impairments on assets, pulling the company further into the red, according to a press release accompanying its report release. The combined impairments total a little over USD 1 billion, including a financial loss of USD 548 million related to three floating rigs which are being retired as as well as a USD 463 million goodwill impairment.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for EnergyWatch has now started
With your free trial you get:
Full access to all locked articles on EnergyWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from EnergyWatch
TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.