Reuters logo
BRIEF-Transocean says expects to recognize estimated loss of about $1.6 bln during Q2
May 30, 2017 / 10:22 PM / 4 months ago

BRIEF-Transocean says expects to recognize estimated loss of about $1.6 bln during Q2

May 30 (Reuters) - Transocean Ltd

* transocean-‍on may 23, subsidiaries of co entered asset and share purchase agreement with borr drilling limited and certain of its affiliates - sec filing​

* Transocean-To sell 10 high-specification jackups, novate contracts relating to construction of 5 high-specification jackups, related assets, to borr​

* Transocean ltd - ‍during q2 2017, company expects to recognize an estimated loss of approximately $1.6 billion associated with impairment of certain assets​

* Transocean - ‍as co continues to evaluate long-term competitiveness of its fleet, additional rigs may be identified as candidates for sale or disposal​ Source text for Eikon: (bit.ly/2r8VB2x) Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below