Gifted Analysts

Research and Analytics

Sign in / Register

Gifted Analysts

Research and Analytics

Oil and Gas

Is a Wave of Bankruptcies Heading for the Offshore Oil Industry?

By Aminu MusaPosted on Posted in Business & FinanceTagged , , , , No Comments on Is a Wave of Bankruptcies Heading for the Offshore Oil Industry?

Offshore drilling major Valaris became the latest victim of the crisis this week as it filed for bankruptcy in the U.S., proposing a swap of some $6.5 billion in debt that will see creditors become its owners. But it is just the latest headache for offshore drillers. There is more than $20 billion in offshore drillers’ debt still out there—and there are not many new drilling contracts.

Can OPEC+ Still Justify Its Deep Output Cuts?

By Joshua OlorunsaiyePosted on Posted in AgenciesTagged , , , , , , No Comments on Can OPEC+ Still Justify Its Deep Output Cuts?

OPEC+ compliance rose sharply in June, helping to tighten up the market. The improved compliance also boosted confidence and cohesion in the group’s collective effort ahead of a possible loosening of the supply curtailments. Perhaps counterintuitively, that increases the odds that the group increases production beginning in August.

Scroll to top