Transocean posts fourth quarter loss

CEO sees financial stability in the company's backlog of $7.8 billion

Loss: Swiss rig operator Transocean posted a $37 million loss for the fourth quarter 2020 — Loss: Swiss rig operator Transocean posted a $37 million loss for the fourth quarter 2020Photo: AFP/SCANPIX

Jennifer Lynn Presley

Houston

Transocean Jeremy Thigpen Brazil

Published 23 February 2021, 00:10Updated 23 February 2021, 00:11