Deep sea driller Transocean $RIG announced Friday that it retire six ultra-deepwater floaters and that as a result they will recognize an impairment charge of $1.4 billion in the third quarter of 2017. $RIG Is up near 2% on the news.
BP Higher Revenue, Targets $5 Billion Divestment as Deepwater Drains
British oil giant $BP reported its second quarter earnings Tuesday, the last of the oil majors to report. BP is benefiting from cost cutting but still feeling the effect of the Deepwater Horizon disaster.