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OFS - Maersk Drilling anticipates no new major contracts for rest of 2020 - May 2020
Maersk Drilling is bracing for a 2020 with no new financially significant contracts for the rest of the year. The offshore driller also lowered its 2020 profitability guidance for the second time as some existing contracts have been renegotiated, suspended or terminated. The guidance issued May 7 projects that 2020 EBITDA before special items will be $250-300 million and capex will be around $150 million. In March, Maersk Drilling reduced its EBITDA guidance to......
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