Prosafe seeks help from banks and replaces CEO
Yet another company in the distressed offshore sector must face a severe crisis because of the low oil price, and is asking shareholders, banks and shipyards for help. This time, it is Prosafe, which is also appointing a new CEO.
BY TOMAS KRISTIANSEN
Norwegian rig company Prosafe is so deep into the economic crisis that the company must now ask for help from several of its financial stakeholders in order to survive.
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