Impairments take Transocean deeper into the red

Tag: 酒店怎么叫妹子有方式吗

first_imgOffshore drilling contractor Transocean recorded a wider loss in the first quarter of 2020 when compared to the same period last year due to asset impairments. Transocean’s current contract backlog is $9.6 billion. Net loss attributable to controlling interest was $392 million compared with a net loss of $51 million in the fourth quarter of 2019 and a net loss of $171 million in 1Q 2019. Contract drilling revenues for 1Q 2020 decreased sequentially by $33 million, primarily due to reduced activity related to rigs that were idle and lower revenue efficiency. After consideration of these net unfavourable items, first quarter 2020 adjusted net loss was $187 million. This compares with an adjusted net loss of $263 million in the previous quarter. Total contract drilling revenues were $759 million compared with $792 million in the fourth quarter of 2019 and $754 million in 1Q 2019. center_img First-quarter 2020 results included net unfavourable items of $205 million. This included $167 million loss on impairment of assets and $57 million loss on retirement of debt. Jeremy Thigpen, Transocean President and Chief Executive Officer, said: “Looking forward, we recognize the dramatic decline in oil prices, coupled with the continued uncertainties surrounding the containment of COVID-19, and the resumption of the global economy, will invariably delay the contracting activity that we expected in 2020”. These decreases were partially offset by a full quarter of revenues from the recently reactivated ultra‑deepwater floaters Deepwater Mykonos and Deepwater Corcovado. Photo by SP Maclast_img read more


Tag: 酒店怎么叫妹子有方式吗

first_imgFormer Haiti’s president Michel Martelly, aka Sweet Micky, has been banned from performing at carnival in the city of Jacmel, Haiti.  Both Jacmel and Gonaives have banned the former president’s gyrating alter-ego from performing at their carnivals after religious leaders, feminists and human rights groups launched a protest of Martelly’s participation in the carnivals, following his Jan. 6th performance. At that time, Martelly reportedly dropped F-bombs, insulted the audience’s mothers and used raunchy language as he lashed out at two prominent journalists and a human rights activist.Now the mayor of Jacmel, Marky Kessa, has accused Haiti’s central government of punishing the city for its decision to ban Sweet Micky, saying that the bank told his office that a $109,340 government check can’t be cashed until two days after the boisterous bacchanal – because of an unspecified processing problem. The money is part of $156,200 the central government had promised to provide to help subsidize the city’s pre-Lenten celebration, which is widely known for its artistry and takes place every year, a week before Haiti’s National Carnival.last_img read more