Drillers take a hammering with $1.8 billion backlog lost since mid-March

Covid-19 leads to $1.8 billion-worth of contracted offshore work lost in just four months

Offshore operations: the deep-water rig Noble Danny in the US Gulf of Mexico
Offshore operations: the deep-water rig Noble Danny in the US Gulf of MexicoPhoto: AP/SCANPIX
Published 30 July 2020, 05:59Updated 30 July 2020, 06:00