A net loss for the first quarter was attributed in part to the acquisition of rival Songa Offshore, which Transocean said supported its rig fleet. The rig company, which has its headquarters in Switzerland, reported an adjusted net loss for the first quarter of $210 million, compared with a net loss of $93 million in the fourth quarter. Of that, $7 million was tied to costs from the acquisition of Songa Offshore. “We consummated the Songa Offshore acquisition, which added four new, contracted, high-specification, harsh environment semisubmersibles to our fleet, and further bolstered our industry-leading backlog,” CEO Jeremy Thigpen said in a statement. Energy companies that provide services for the exploration and production side of the industry, like Transocean and Songa […]