OSLO, Sept 11 (Reuters) – Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company’s CEO said on Wednesday. Norwegian-born billionaire John Fredriksen…
seadrill bankruptcy
Seadrill Stakeholders Vote to Accept Reorganization Plan, Paving Way for Bankruptcy Exit
Stakeholders of offshore drilling contractor Seadrill have overwhelmingly accepted the company’s plan of reorganization, paving the way the company to emerge from Chapter 11 bankruptcy by the end of the…
Buyers Circle Seadrill as it Plots Bankruptcy Exit
By David French July 20 (Reuters) – Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil…
Seadrill Proposes Debt Write-Off in Bankruptcy Court -Report
By Rafaela Lindeberg (Bloomberg) — Offshore contractor Seadrill Ltd., owned by billionaire John Fredriksen, is proposing a debt write-off of just over $4.8 billion, according to Finansavisen. The proposal, sent to the U.S….