Offshore Oil Contractor Seadrill Prepares to Tap Chapter 11 - TheStr...

Offshore Oil Contractor Seadrill Prepares to Tap Chapter 11
TheStreet.com
"We expect the implementation of a comprehensive restructuring plan will likely involve schemes of arrangement or Chapter 11 proceedings, and we are preparing accordingly," the company said in a statement on Tuesday. Seadrill also said its banks had ...
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