How Transocean's Key Metrics Are Being Impacted By The Offshore Downturn

The company?s two key operating metrics - day rates and utilization rates ? have come under significant stress, as demand appears tepid with oil and gas companies scaling back on their capital spending plans. While the company has been relatively proactive in right-sizing its fleet and pruning down its cost base, its older fleet and near-term contract status indicate that it is poised for a challenging year ahead.