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Home» Articles posted by Allison McNeely and Christine Buurma

World’s Largest Offshore Rig Owner Valaris Goes Bankrupt

Posted on August 19, 2020 by Allison McNeely and Christine Buurma in Transport Topics

Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Aug. 19 as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load.

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