#Top Bankers Warn Offshore Oil Industry’s Debt Woes Aren’t Over
By Mikael Holter (Bloomberg) — Offshore oil and gas bankers in Oslo are warning that the industry is far from out of the woods as a recovery is slow to take hold.
for the ones with large debt, there wont be a recovery there will just be bankers realizing they will never get their money back and then take whatever action they can.