Two rig companies negotiate with lenders after missing interest payments

Coronavirus and March's oil price collapse continue to strain rig companies. Both Valaris and Noble drilling have missed interest payment deadlines this week and are currently negotiating with lenders to land a restructuring.

Photo: Steve Nesius/Reuters/Ritzau Scanpix

by NIKLAS KRIGSLUND

Two rig companies have missed their deadline on interest payments for part of their debt and are now negotiating with lenders to find a solution.

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Analyst projects three survivors among listed rig operators
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Strained rig operators on collision course with yards
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Valaris postpones interest payments on loans
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