After announcing in October that it would liquidate the subsidiary that owns the FPSO Umuroa, and hand the idle vessel to the company administrators to maintain, remove ..
Diamond Offshore Drilling
COLUMN | Singing from the same songsheet: BP, Subsea7, Allseas, PGS and the rest [OFFSHORE ACCOUNTS]
All dictators seem to use the same playbook. They lock up or kill their opponents, purge their enemies, censor the press, bend the judiciary to their will, and in the ..
Diamond Offshore files for Chapter 11 bankruptcy
Diamond Offshore Drilling Inc. announced today that it has filed Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas. The Houston-based offshore driller operates a fleet of 15 floating rigs — 11 semisubmersibles and four drillships.
Diamond Offshore said it intends to use the proceedings to restructure and strengthen its balance sheet and achieve a more sustainable debt profile, while continuing to focus on safe, reliable, and efficient contract drilling...
https://www.workboat.com/news/offshore/diamond-offshore-files-for-chapter-11-bankruptcy/