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 ..
pacific drilling
Pacific Drilling Files for Chapter 11 Bankruptcy
NYSE-listed offshore drilling contractor Pacific Drilling has filed for Chapter 11 bankruptcy in an effort to restructure $1.1 billion in bond debt. The Luxembourg-based company announced Friday that it filed voluntary petitions for relief under Chapter 11 in United States Bankruptcy Court for the...
Pacific Drilling secures 10-well contract in Gulf of Mexico
Luxembourg-based Pacific Drilling has been selected by Murphy Oil to provide drilling services in the US Gulf of Mexico. The contract is for 10 wells firm plus five ..
COLUMN | No news is not necessarily good news: McDermott and James Fisher and Sons [OFFSHORE ACCOUNTS]
The Memoirs of Sherlock Holmes by Sir Arthur Conan Doyle features the short story Silver Blaze, about the disappearance of a famous racehorse of that name, and the murder ..
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 ..
Offshore Driller Pacific Drilling Emerges from Bankruptcy
Offshore drilling contractor Pacific Drilling announced Monday it has emerged chapter 11 bankruptcy after successfully completing a more than a year-long reorganization. As a result, Pacific Drilling has raised $1.5 billion in gross proceeds in new capital, consisting of $1.0 billion of new secured...