Join our crew and become one of the 106,478 members that receive our newsletter.

seadrill bankruptcy

Wednesday, February 23, 2022
Seadrill Emerges from Chapter 11 Bankruptcy

Seadrill Emerges from Chapter 11 Bankruptcy

Offshore drilling contractor Seadrill has emerged from its second bankruptcy in four years after successfully completing its reorganization pursuant to its

February 23, 2022
Total Views: 1280

Monday, October 11, 2021
west gemini drillship

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

October 11, 2021
Total Views: 752

Tuesday, July 20, 2021
FILE PHOTO: Norwegian-born shipping tycoon John Fredriksen speaks in Oslo, Norway, June 1, 2017. REUTERS/Ints Kalnins/File Photo

Buyers Circle Seadrill as it Plots Bankruptcy Exit

By David French (Reuters) Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd,

July 20, 2021
Total Views: 2850

Sunday, April 4, 2021
semisubmersible drilling rig at sea

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

April 4, 2021
Total Views: 2626

Friday, July 6, 2018
seadrill drillship
Maritime News

John ‘Big Wolf’ Fredriksen Steers Seadrill Back to Life After Taking $5 Billion Hit

By Mikael Holter (Bloomberg) — John Fredriksen’s stake in Seadrill Ltd., once worth more than $5 billion, was virtually wiped out in the

July 6, 2018
Total Views: 84

Monday, July 2, 2018
seadrill falls

Seadrill Emerges from Chapter 11

Offshore drilling contractor Seadrill Limited announced Monday it has emerged from chapter 11 after successfully completing its commitments under a plan of

July 2, 2018
Total Views: 63

Friday, June 8, 2018
seadrill rig
Maritime News

Bankrupt Seadrill Anticipates Emerging from Chapter 11 in July

Bankrupt offshore drilling contractor Seadrill has announced that it anticipates emerge from the chapter 11 process in the first half of July 2018 upon

June 8, 2018
Total Views: 7

Monday, February 26, 2018
seadrill falls

Seadrill Reaches Joint Restructuring Deal with Creditors

By Nerijus Adomaitis and Tom Hals OSLO/WILMINGTON, Del., Feb 26 (Reuters) – Shipping tycoon John Fredriksen has reached an agreement with a majority

February 26, 2018
Total Views: 12

Sunday, February 18, 2018
Norwegian-born shipping tycoon Fredriksen
Maritime News

Fredriksen ‘Close’ Seadrill Debt Restructuring Deal

OSLO, Feb 17 (Reuters) – Seadrill’s main owner, billionaire John Fredriksen, is close to reaching a final agreement with banks, bondholders and

February 18, 2018
Total Views: 6

Friday, February 16, 2018
seadrill drillship

Seadrill Close to Restructuring Deal with Bondholders, Sources Say

By Nerijus Adomaitis and Tom Hals OSLO/WILMINGTON, Delaware, Feb 15 (Reuters) – Seadrill’s main owner, billionaire John Fredriksen, is close

February 16, 2018
Total Views: 1063

Thursday, January 11, 2018
seadrill drillship

Fredriksen Seen as `Central’ to Seadrill Solution, DNB Says

By Mikael Holter (Bloomberg) — After alternative proposals were unveiled seeking to challenge Seadrill Ltd.’s restructuring plan, one of the oil-rig

January 11, 2018
Total Views: 12

Friday, December 29, 2017
Billionaire John Fredriksen’s Battle at Sea

Billionaire John Fredriksen’s Battle at Sea

by Chris Hughes (Bloomberg) Shipping billionaire John Fredriksen struck a deal to save his Seadrill Ltd oil services company from collapse in 2017. Next year,

December 29, 2017
Total Views: 446

Thursday, September 14, 2017
seadrill drillship

John Fredriksen Chucks Seadrill Bondholders Overboard to Keep Company Afloat

By Chris Hughes (Bloomberg Gadfly) — Founder John Fredriksen has had to watch the value of Seadrill Ltd fall from more than $20 billion to barely $100

September 14, 2017
Total Views: 1088

Wednesday, September 13, 2017
Seadrill Files for Bankruptcy in Bid to Shrink Debt Burden
Maritime News

Seadrill Files for Bankruptcy in Bid to Shrink Debt Burden

By Steven Church, Mikael Holter, Angelina Rascouet and Luca Casiraghi (Bloomberg) — Seadrill Ltd., the offshore driller controlled by

September 13, 2017
Total Views: 25

Tuesday, September 12, 2017
seadrill falls

Seadrill Files for Prearranged Chapter 11 Bankruptcy as Part of Comprehensive Restructuring Plan

Seadrill has commenced its long-awaited comprehensive restructuring plan which includes a prearranged Chapter 11 bankruptcy as the offshore driller finally

September 12, 2017
Total Views: 22

Thursday, August 24, 2017
seadrill falls

Seadrill Decision on Chapter 11 Bankruptcy Planned for Next Month

By Nerijus Adomaitis and Joachim Dagenborg OSLO, Aug 24 (Reuters) – Offshore driller Seadrill plans to launch a long-awaited Chapter 11 debt

August 24, 2017
Total Views: 318

Wednesday, July 26, 2017
seadrill falls

Seadrill Warns Chapter 11 ‘Likely’ as Offshore Driller Extends $14 Billion Debt Talks

By Ole Petter Skonnord OSLO, July 26 (Reuters) – Offshore drilling contractor Seadrill again delayed restructuring its $14 billion in debt and

July 26, 2017
Total Views: 5

Wednesday, April 5, 2017
seadrill falls
Maritime News

Seadrill at the Mercy of Day Traders as Biggest Funds Dump Stock

By Mikael Holter (Bloomberg) — Seadrill Ltd., once the crown jewel of billionaire John Fredriksen’s business empire, is now at the mercy of

April 5, 2017
Total Views: 89

Tuesday, February 28, 2017
seadrill drillship
Maritime News

Seadrill at Risk for Chapter 11 Bankruptcy

By Gwladys Fouche and Ole Petter Skonnord OSLO, Feb 28 (Reuters) – Rig firm Seadrill, battling with $14 billion in debt and liabilities, said on Tuesday

February 28, 2017
Total Views: 10

Tuesday, January 31, 2017
seadrill rig

Seadrill Seeks Minimum $1 Billion Lifeline as Debt Deal Delayed Again

By Gwladys Fouche and Joachim Dagenborg OSLO, Jan 31 (Reuters) – Oil rig firm Seadrill is looking to raise at least $1 billion in new capital as it

January 31, 2017
Total Views: 85


Maritime and offshore news trusted by our 106,478 members delivered daily straight to your inbox.

gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.