Transocean to Drop Investor Payout as Cheap Oil Saps Demand

Updated on
  • Deep-sea rig operator calls special shareholder meeting
  • Moody's: Offshore drillers face at least 2 more years of pain

Transocean Ltd., the world’s top offshore rig operator, plans to halt investor payouts and book 2 billion Swiss francs ($2.1 billion) in asset impairments as an oil price crash weakens demand for its drillships.

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