Hercules Offshore: Few bright spots ahead
Houston (UPI) Mar 31, 2016 -
Prospects for drilling services for oil and gas won't improve without a recovery in crude oil prices, the head of U.S. rig company Hercules Offshore said.
The company reported a net combined loss of $385.5 million for the three-month period ending Dec. 31. Hercules last year filed for Chapter 11 bankruptcy and, upon emergence Nov. 6, the company said it's had a "fresh start."
"We ...
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