Swiss drilling contractor Transocean has posted a half year loss in revenues, due to a number of “unfavorable items” bringing down the accounts.

Revenues for up to June 2017 amounted to £1.1billion down compared to the £1.6billion made in the same period last year.

The company made a loss of £1.2billion compared to a pre-tax profit of £343million last year

Second quarter 2017 results included net unfavorable items of £1.3 billion write down including a loss on the divestiture of the jackup fleet, impairment of the midwater floater asset group, the early retirement of debt as well as litigation matters and restructuring charges.

Revenues for up to June 2017 amounted to £1.1billion down compared to the £1.6billion made in the same period last year.

The company made a loss of £1.2billion compared to a pre-tax profit of £343million last year

Second quarter 2017 results included net unfavorable items of £1.3 billion write down including a loss on the divestiture of the jackup fleet, impairment of the midwater floater asset group, the early retirement of debt as well as litigation matters and restructuring charges.

pic1

The company

@Energy

Revenues for up to June 2017 amounted to £1.1billion down compared to the £1.6billion made in the same period last year.

The company made a loss of £1.2billion compared to a pre-tax profit of £343million last year

Second quarter 2017 results included net unfavorable items of £1.3 billion write down including a loss on the divestiture of the jackup fleet, impairment of the midwater floater asset group, the early retirement of debt as well as litigation matters and restructuring charges.

pic2

Swiss drilling contractor

@EnergySave

April 21, 2013

Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit praesent luptatum zzril delenit augue duis dolore te feugait nulla facilisi.

April 21, 2013

Typi non habent claritatem insitam; est usus legentis in iis qui facit eorum claritatem.

April 21, 2013

Nested comment?!

Comments are closed.