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Oro Negro Stops Rig Seizure By Bondholders After Standoff

By Alex Wolf (October 23, 2018, 9:23 PM EDT) -- Just days after a daring helicopter pad standoff in the Gulf of Mexico, distressed Mexican oil rig company Perforadora Oro Negro obtained a temporary restraining order Tuesday in New York bankruptcy court to stop a group of Singaporean entities that own the oil rigs from seizing them....

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