Offshore Drillers Brace for More Pain Even With Bottom in SightBy
Transocean, Seadrill see utilization rates stabilizing in 2017
As many as 60 more floating rigs need to be scrapped
Offshore oil-rig operators, grappling with the biggest industry downturn in a generation, say they finally have the bottom in sight. The problem is, they could be stuck there for a long time.
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