Edward Neiger Offshore Driller Restructurings Following COVID-19 and Price War Pressures
In this edition of his Bankruptcy Update column, Edward E. Neiger focuses on the latest wave of restructurings by offshore drillers, including Seadrill Limited, Valaris and Diamond Offshore Drilling, as they face dual pressures of COVID-19 pandemic and oil price wars.
March 18, 2021 at 12:45 PM
6 minute read
This issue of the Bankruptcy Update focuses on the latest wave of restructurings by offshore drillers, including Seadrill Limited, Valaris and Diamond Offshore Drilling, as they face dual pressures of COVID-19 pandemic and oil price wars.
Seadrill Limited
On Feb. 10, 2021, Seadrill Limited and certain affiliated debtors filed petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Seadrill Limited (Bankr. S.D. Tex. 21-30427).
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