Offshore drilling company Transocean Ltd. said Friday it will take an impairment charge of $1.4 billion in the third quarter to cover the costs of retiring six rigs. The ultra-deepwater rigs to be retired are GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, Deepwater Pathfinder, and the deepwater floater Transocean Marianas, the company said in a statement. The rigs will be put up for sale and recycled. Shares have fallen 38% in 2017, while the S&P 500 has gained 12%.
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