Search results for: bankruptcy

838 results

A list of search results

  • 4 January 2021
    Business & Finance, Business developments & projects

    Offshore drilling contractor Pacific Drilling has completed its balance-sheet restructuring and has emerged from the Chapter 11 process.

  • 23 December 2020
    Business & Finance, Business developments & projects

    Pacific Drilling expects to emerge from Chapter 11 bankruptcy by year-end following the confirmation of its prearranged plan of reorganization.

  • 23 November 2020
    Business & Finance, Business developments & projects

    Offshore drilling contractor Noble Holding Corporation has received approval from a bankruptcy court for its reorganization plan.

  • 9 November 2020
    Authorities & Government, Business & Finance, Business developments & projects

    Noble Corporation is preparing to emerge from Chapter 11 bankruptcy with a temporary name change to allow continued use of its name upon emergence.

  • 11 September 2020
    Business & Finance, Business developments & projects, Vessels

    Hornbeck Offshore has emerged from bankruptcy under its joint prepackaged Chapter 11 plan of reorganization.

  • 20 August 2020
    Business & Finance, Business developments & projects

    Valaris, offshore drilling contractor with the world’s largest fleet, has filed for bankruptcy protection in an attempt to restructure its debt.

  • 4 August 2020
    Business & Finance, Business developments & projects

    Offshore drilling contractor Noble Corporation has filed for Chapter 11 bankruptcy protection to restructure its debt following a “severe downturn in commodity prices which has been compounded by the Covid-19 pandemic”.

  • 6 July 2020
    Business & Finance

    Management of the Norwegian shipbuilder Kleven Verft AS, and its two subsidiaries Kleven Maritime Contracting AS and Kleven Maritime Technology AS, filed for bankruptcy last Friday. The initiation of bankruptcy proceedings comes after local banks decided to terminate a loan agreement, it has been confirmed to Offshore Energy – Green Marine by a representative of […]

  • 1 July 2020
    Business & Finance, Business developments & projects

    U.S. engineering and construction services company McDermott International has completed its restructuring process by shedding nearly all of the company’s $4.6 billion of funded debt.

  • 29 June 2020
    Business & Finance, Business developments & projects, Vessels

    Hornbeck Offshore expects to emerge from bankruptcy in the coming few months following approval of its reorganization plan by a U.S. court.

  • 22 June 2020
    Business & Finance

    Oslo-listed feeder owner and operator MPC Container Ships is looking to amend the terms of its $200 million bond issue and collect fresh cash in order to mitigate the negative impact from COVID-19 on the company’s liquidity. To that end, MPC Container Ships Invest B.V., the company’s wholly-owned subsidiary, has requested Nordic Trustee AS as […]

  • 28 April 2020
    Business & Finance, Business developments & projects

    Following its filing for Chapter 11 bankruptcy protection, Diamond Offshore Drilling has received a delisting notice from the New York Stock Exchange (NYSE).

  • 14 April 2020
    Business & Finance

    Singapore’s container shipping company Pacific International Lines (PIL) has issued a statement to quash the bankruptcy rumours circulating on social media dubbing them as fake news. “PIL reserves the right to pursue legal actions against those who generate and spread these defamatory rumours during this COVID-19 pandemic period and related false information after this statement,” the […]

  • 4 March 2020
    Business & Finance

    A Japanese cruise operator has been forced to file for bankruptcy due to the coronavirus outbreak.

  • 21 January 2020

    Energy industry contractor McDermott International has filed for Chapter 11 bankruptcy as it looks to eliminate over $4.6 billion of debt. 

  • 21 January 2020
    Business & Finance

    McDermott said it has secured the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the company’s funded debt, eliminating over $4.6 billion of debt. The restructuring transaction will be implemented through a prepackaged Chapter 11 process that will be financed by a debtor-in-possession […]

  • 21 January 2020
    Business & Finance

    McDermott’s restructuring transaction will be implemented through a prepackaged Chapter 11 process that will be financed by a debtor-in-possession financing facility of $2.81 billion.

  • 20 January 2020
    Business & Finance

    U.S. engineering and construction services company McDermott International could be filing for bankruptcy over the course of this week.

  • 20 January 2020

    McDermott International could be filing for bankruptcy over the course of next week.

  • 30 December 2019
    Business & Finance

    Seabras 1 Bermuda and Seabras 1 USA filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The Filings were made to ensure an orderly process to effectuate a new restructuring plan for Seabras 1 Bermuda, while ensuring that the company’s customers will continue to be served as usual. Seabras 1 […]

  • 7 November 2019

    Kinder Morgan Tejas Pipeline, a subsidiary of U.S. energy company Kinder Morgan, been approved as the buyer of certain natural gas pipeline assets owned by Southcross Energy.

  • 4 November 2019
    Business & Finance

    Offshore helicopter operator Bristow Group has emerged from Chapter 11 bankruptcy protection.

  • 11 October 2019
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Tocardo Tidal Power has been declared bankrupt by the court. M.A. Le Belle of Rensen Lawyers has been appointed as liquidator and in the coming weeks, he will talk to potential buyers. In recent months, Tocardo has sought to acquire new projects in the Netherlands and in the United Kingdom. Zeeland Tidal Power was initiated […]

  • 26 June 2019
    Business & Finance, Exploration & Production

    Offshore drilling company Dolphin Drilling ASA has filed for bankruptcy after failure of creditors to agree on the terms for a consensual restructuring.

  • 25 June 2019
    Business & Finance, Exploration & Production

    Norwegian offshore drilling contractor Dolphin Drilling ASA might file for bankruptcy.