Bourbon forced to reduce fleet operations
Three months after being acquired by five creditor banks, Bourbon is faced with a new market crisis. The fall in oil prices and Covid-19 pandemic are a double whammy for its vessel operations in West Africa.
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▪ Bourbon forced to reduce fleet operations
▪ Three months after being acquired by five creditor banks, Bourbon is faced with a new market crisis. The fall in oil prices and Covid-19 pandemic are a double whammy for its vessel operations in West Africa.
▪ https://www.africabusinessplus.com/en/804002/bourbon-contraint-de-reduire-lactivite-de-sa-flotte/
Drilling and offshore exploration operations have been significantly slowed down by the health crisis. Investment decisions have been postponed due to the increasingly uncertain financial outlook and some existing contracts have been suspended.
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