Transocean to scrap four floaters

Transocean said on Wednesday it will scrap four floating rigs and take a charge of up to $325 million as the drilling industry has grappled with an oversupply of units and overall oil and gas downturn.

Transocean Legend: Drilled Udachnaya exploration well for BP on the Sakhalin-5 offshore block in Russia's far east
Transocean Legend: Drilled Udachnaya exploration well for BP on the Sakhalin-5 offshore block in Russia's far east
Published 18 March 2015, 22:31Updated 17 October 2016, 13:04