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/