"While Transocean endured another quarter of losses, the company doesn’t need to be haunted by ghosts of quarters past, as a robust market plus increasing rig counts and day rates point to a successful fourth quarter and 2024.
The company suffered from a loss in revenue in the third quarter, but Transocean argues that the company is not in the grave but in the early stages of a multi-year upcycle.
“With our fleet of the most capable high-specification ultra-deepwater drillships and harsh environment semisubmersibles, Transocean is uniquely positioned to capitalize on current and future opportunities,” CEO Jeremy Thigpen said in a press release."
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