Ezra Affiliate, Emas Chiyoda Subsea, Files for U.S. Bankruptcy

By Tom Hals Feb 28 (Reuters) - A subsea and offshore contractor affiliate of Ezra Holdings Ltd, a struggling Singaporean oilfield services firm, filed for U.S. bankruptcy as it ran short of cash due to a lingering downturn in the oil-and-gas industry. The affiliate, Emas Chiyoda Subsea Ltd, said in court papers filed in Houston that the company was suffering from weak … [Read more...]