Hercules Offshore Inc, stung by slumping demand for drilling services in older Gulf of Mexico oilfields, said on Thursday it plans to file for creditor protection in about three weeks and emerge several months later with a restructured balance sheet.
Oil driller Hercules isn't looking too strong right now.
On Wednesday, the Houston-based operator of drilling rigs and liftboats announced an agreement with senior noteholders that could bring the company one step closer to filling for...
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