In a BofA Global Research report sent to Rigzone last month, analysts offered a comparison of global 'big oil' companies.
As flagged last month, BP took a writedown of about $4 billion from its energy transition business in the fourth quarter.
The powerful combination is well-timed to capitalize on an emerging, multi-year offshore drilling upcycle', said Keelan Adamson, Transocean President and Chief Executive Officer.
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