Heavily indebted Emas-AMC files for liquidation in Norway

Yet another oil service company has succumbed to the crisis in the energy sector. Norway's Emas-AMC, which has ownership ties to crisis-stricken Singaporean offshore firm Ezra, has agreed to a voluntary liquidation. According to Norwegian media, the company has debt of USD 298 million.

Emas-AMC is a subsidiary of Emas Chiyoda Subsea.

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