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Gold/Mining/Energy : Diamond Offshore DO -- Ignore unavailable to you. Want to Upgrade?


To: eric r. f. who wrote (53)12/24/1998 11:25:00 PM
From: Aggie  Read Replies (1) | Respond to of 101
 
To All,

Has anyone heard anything about a DO drillship being released from contract for non-performance? I'm hearing rumors about a long term contract being cancelled due to equipment problems.

If so, this would be the second case of this kind this week, both involving big oil companies with long term contracts, cancelling on the pretext of breach of contract.

Could be the start of a very ugly trend.......and the only ones who will profit will be the litigators.

Regards to all,

Yingle Yule,

Aggie