Offshore driller Seadrill has confirmed a series of contract wins in recent months, buoying prospects as it approaches the end of its bankruptcy proceedings.
Chapter 11 bankruptcy
Seadrill draws competing rig offers from Noble and Transocean consortium as it undergoes Chapter 11 bankruptcy
Noble Corporation and a consortium including Transocean and Dolphin Drilling are competing to acquire the assets held by Seadrill, according to a news report, as it undergoes Chapter 11 bankruptcy.
Borr Drilling has appointed a new CFO who was replaced by Weatherford last year as the oil services giant underwent bankruptcy.
Valaris, the world’s largest offshore drilling firm, has filed for Chapter 11 bankruptcy with a plan it said would reduce its debt by $6.5billion.
The shale bust has reached a grim milestone by claiming the pioneer of America’s drilling renaissance. But Chesapeake Energy Corp., which filed for bankruptcy protection on Sunday, is just the latest in a long list of casualties.
Helicopter operator Bristow has announced plans to merge with US rival Era, three months after emerging from Chapter 11 bankruptcy.
Beleaguered helicopter operator Bristow has gained approval for a restructuring deal which will inject £444million into the company and pull it out of bankruptcy.
US based offshore service vessel provider Tidewater has filed a voluntary petition under Chapter 11 bankruptcy protection in the United States Bankruptcy Court.
The collapse in the oil price claimed its latest shale drilling victim when Swift Energy filed for Chapter 11 bankruptcy in the United States.