Less than three years after its previous moratorium, offshore drilling company Seadrill, owned by Norwegian shipping tycoon John Frederiksen, has again sought protection from its creditors. A Texas court has granted most of the group a moratorium under the US Chapter...
New York-listed Pacific Drilling is the latest rig operator to file for a voluntary Chapter 11 bankruptcy in the US to get out of a major debt. Several other rig operators have made a similar move since the beginning of the Covid-19 pandemic. The company has struck an...
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