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

Deepwater Champion Transocean seatrial drillship

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...

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