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xanadu90

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xanadu90

Re: None

Wednesday, 02/20/2008 8:54:32 AM

Wednesday, February 20, 2008 8:54:32 AM

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RIG $129.65
Transocean 4th-qtr profit up 70 percent
Wed Feb 20, 2008 8:04am EST

HOUSTON, Feb 20 (Reuters) - Transocean Inc (RIG.N: Quote, Profile, Research), the world's largest offshore oil and gas drilling contractor, on Wednesday said fourth-quarter profit rose 70 percent, lifted by demand for its deepwater rigs and revenue from its takeover of GlobalSante Corp.

Profit was $1.06 billion, or $4.17 per share, compared with $621 million, or $2.92 per share, in the same quarter a year earlier.

Revenue for the Houston company rose to $2.08 billion from $1.19 billion. (Reporting by Anna Driver; editing by John Wallace)

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