Vantage Posts 2Q Loss. Cuts Workforce, Salaries

Offshore drilling contractor Vantage Drilling reported a net loss attributable to controlling interest of approximately $31.9 million for the second quarter of 2020.

For comparison, Vantage Drilling’s 2Q income last year was $590 million, however, this result was mainly due to Vantage receiving around $700 million from Petrobras as part of an arbitration award over a previously canceled contract.

Continue reading

Leave a Reply

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