Weatherford emerges from bankruptcy with $10 billion of support
Switzerland and Houston-based oilfield service company Weatherford International has emerged from Chapter 11 bankruptcy with roughly $10 billion of financial support.
chapter 11
Expro finds new CFO in boss who helped Tidewater out of Chapter 11 bankruptcy
Oilfield services firm Expro has found a new chief financial officer in an executive who was “critical” in helping US firm Tidewater emerge from Chapter 11 bankruptcy.
Bristow files reorganisation plan following Chapter 11 bankruptcy
Bristow Group has filed a reorganisation plan after entering the US-style Chapter 11 bankruptcy process in May.
Hope for Weatherford in face of Chapter 11 bankruptcy
Oilfield services giant Weatherford International has announced further backing from lenders for financial restructuring plans aimed at significantly reducing its colossal debt pile.
Bristow considers US-style bankruptcy to end debt woes
The parent company of a North Sea helicopter firm, which also carries out search and rescue operations in the UK, is considering taking US-style bankruptcy to end its debt woes.
Seadrill clears first Chapter 11 hurdle
Seadrill has cleared the first Chapter 11 hurdle.
CGG files for bankruptcy
French geophysical services company CGG has started bankruptcy proceedings in France and the US.
Seadrill secures more time for restructure, discusses Chapter 11
Seadrill has secured three more months to hammer out is restructuring bid.
CHC takes ‘final legal step’ in bankruptcy exit
Helicopter operator CHC Group said yesterday that it had taken the “final legal step” on its way out of bankruptcy.
US judge ready to give green-light on Linn Energy finance plans
A US judge overseeing the bankruptcy of Linn Energy said he is prepared to confirm its restructuring plan but with slight tweaks.
Paragon Offshore looks at options after US judge rejects finance plans
Paragon Offshore is said to be evaluating its options after a US judge rejected the offshore rig contractor's plan to exit bankruptcy.
Paragon Offshore starts approval process for bankruptcy plan
Paragon Offshore Plc’s reorganization proposal is so unrealistic that the oil-rig company will run out of cash in less than three years, dissident lenders said at the opening of a bankruptcy court hearing.
Hercules files for bankruptcy for second time in less than a year
Drilling contractor Hercules Offshore has filed for bankruptcy, just six months after emerging from its first bankruptcy.
Hercules Offshore files for bankruptcy for second time in less than a year
Hercules Offshore is to file for bankruptcy for a second time, just six months after the rig contractor emerged from bankruptcy protection.
SandRidge files for Chapter 11 bankruptcy
SandRidge Energy is the latest firm to seek financial refuge by filing for Chapter 11 bankruptcy.
Magnum Hunter emerges from Chapter 11 filing
Magnum Hunter Resources has emerged from its Chapter 11 bankruptcy filing.
Goodrich Petroleum files for Chapter 11 for restructuring
Goodrich Petroleum Corp. filed for Chapter 11 in a U.S. bankruptcy court to implement a financial reorganization after struggling to restructure its debt amid declining energy prices.
Energy XXI files for bankruptcy protection
US oil and gas explorer Energy XXI has filed for bankruptcy protection after spending $5billion on acquisitions in the years leading up to the crude slump.
Magnum Hunter files for bankruptcy
A US oil and gas producer has filed for Chapter 11 bankruptcy protection as the low oil price continues. Magnum Hunter said it expects to emerge from bankruptcy in April next year.