Transocean: 'Toughest market in 30 years'

Offshore drilling giant Transocean said its sector is currently enduring the most challenging market in three decades, as it vowed to work with customers to meet their needs.

Tight market: Transocean has a contract for newbuild drillship Deepwater Thalassa, but outlook still grim
Tight market: Transocean has a contract for newbuild drillship Deepwater Thalassa, but outlook still grim
Published 18 March 2016, 17:30Updated 18 October 2016, 04:55