Transocean Reports Q1 Net Income Surge

Maritime Activity Reports, Inc.

May 7, 2014

Photo courtesy Transocean

Photo courtesy Transocean

Transocean Ltd., the world's top offshore driller for enegy producers, posted first-quarter net income on Wednesday of $456 million, a 42 percent rise from a year ago, thanks to an uptick in revenue and lower costs and taxes.

Operating revenues rose 7 percent to $2.34 billion while costs fell 5.8 percent to $1.6 billion.

(Reporting By Terry Wade)

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