MESTI BACA - Bankruptcies In US Offshore Oil Drilling
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Title : MESTI BACA - Bankruptcies In US Offshore Oil Drilling
Category : Malaysians
The following is adapted from OilPrice.com here. It is about the American offshore oil drilling industry.
Offshore drilling major Valaris latest to file bankruptcy in U.S. US$6.5b in debt latest headache for offshore drillers more than US$20b in offshore drillers' debt not many new drilling contracts worse offshore drilling will not begin to return until 2021 demand for drilling rigs will only happen in some parts of world namely South America and Western Africa Gulf of Mexico will remain subdued some largest offshore drillers are folding Diamond Offshore was first, filing for Chapter 11 in April Noble Corp filed for bankruptcy earlier this month inability to make interest payment for US$15 million Noble's total debt burden was US$4b US$30b debt in offshore drilling industry at risk of default, Bloomberg reported Offshore drilling structurally damaged, recovery not imminent, Bloo…
Offshore drilling major Valaris latest to file bankruptcy in U.S. US$6.5b in debt latest headache for offshore drillers more than US$20b in offshore drillers' debt not many new drilling contracts worse offshore drilling will not begin to return until 2021 demand for drilling rigs will only happen in some parts of world namely South America and Western Africa Gulf of Mexico will remain subdued some largest offshore drillers are folding Diamond Offshore was first, filing for Chapter 11 in April Noble Corp filed for bankruptcy earlier this month inability to make interest payment for US$15 million Noble's total debt burden was US$4b US$30b debt in offshore drilling industry at risk of default, Bloomberg reported Offshore drilling structurally damaged, recovery not imminent, Bloo…
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