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Offshore Crisis: Recent Failures Have Created A Massive $30 Billion Financial Risk

By David Wethe and Allison McNeely (Bloomberg) Offshore oil servicers are going bust at the fastest pace in three years as explorers spurn high-cost drilling to deal with a worldwide slump in commodity prices. The debacle, triggered by the pandemic-driven drop in oil prices, has already claimed some of the biggest companies that supply rigs, […]

WP_Post Object ( [ID] => 229502 [post_author] => 21 [post_date] => 2020-08-19 17:28:27 [post_date_gmt] => 2020-08-19 17:28:27 [post_content] => Deepwater Champion Transocean seatrial drillshipBy David Wethe and Allison McNeely (Bloomberg) Offshore oil servicers are going bust at the fastest pace in three years as explorers spurn high-cost drilling to deal with a worldwide slump in commodity prices. The debacle, triggered by the pandemic-driven drop in oil prices, has already claimed some of the biggest companies that supply rigs, […] [post_title] => Offshore Crisis: Recent Failures Have Created A Massive $30 Billion Financial Risk [post_excerpt] => By David Wethe and Allison McNeely (Bloomberg) Offshore oil servicers are going bust at the fastest pace in three years as explorers spurn high-cost drilling to deal with a worldwide slump in commodity prices. The debacle, triggered by the pandemic-dri... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => offshore-crisis-recent-failures-have-created-a-massive-30-billion-financial-risk [to_ping] => [pinged] => [post_modified] => 2020-08-19 17:28:27 [post_modified_gmt] => 2020-08-19 17:28:27 [post_content_filtered] => [post_parent] => 0 [guid] => https://gcaptain.com/?p=141885 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )