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OFS - GOM activity leaves Transocean optimistic despite $825MM loss - November 2019

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Transocean sees signs of a “super-tight 2020” in the Gulf of Mexico and the offshore market as being the strongest in years. The company also is moving toward a final investment decision on a second 20,000-psi-capable ultra-deepwater floater, even though it exited two newbuild contracts, scrapped three drillships and posted an $825 million net loss in Q3. “It’s really the first time since the start of the downturn, we have multiple customers fighting over......
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