Dispute payments from Petrobras lift Vantage back to profit

Offshore drilling contractor Vantage Drilling returned to quarterly profit on the back of drilling contract termination revenue received from Petrobras.

Vantage Drilling on Wednesday reported net income attributable to controlling interest of approximately $590.7 million for the second quarter of 2019 compared to a net loss attributable to controlling interest of $31.1 million for the second quarter of 2018.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.