Borr Drilling Ltd. has appointed Patrick Schorn as its new CEO, effective September 8, 2020. Schorn will succeed Svend Anton Maier who will remain with the company as special advisor to the CEO.
The world’s five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter and slashed production rates.
Dismayed E&Ps are feeling the pinch as their banks shrink RBL credit lines. What are the remedies, and what about this fall?