Bank loans are becoming a headache for drilling companies: "It is a concern"

The CEO of Odfjell Drilling says bank loan requirements for the drilling industry have become far too strenuous. Banks are continuing to withdraw from oil, as "many companies are still in a challenging situation", says one Nordea leader.

Photo: Odfjell Drilling

Obtaining a bank loan has become a demanding task for Odfjell Drilling and CEO Simen Lieungh.

Banks have lost a lot of money in the oil and gas segment, and the requirement that companies must have a stable sustainability agenda is being more strictly enforced.

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