Amid COVID-19 crisis and the negative impacts that has brought, Diamond Offshore Drilling Inc. filed for bankruptcy following the unprecedented crash in crude prices that’s affecting demand for oil exploration at sea, as Bloomberg reported.
Specifically, Diamond Offshore Drilling Inc. filed for bankruptcy with debts of more than $2.6bn, blaming the oil price war and the corovavirus outbreak.
As the company informed, conditions worsened “precipitously in recent months,” citing a price war between...
https://safety4sea.com/us-offshore-operator-files-for-bankruptcy-amid-covid-19/