Fetching News Details

Diamond Offshore files for Chapter 11 bankruptcy
April 27, 2020
Source: Reuters

Diamond Offshore files for Chapter 11 bankruptcy

Texas-based Diamond Offshore Drilling Inc yesterday filed for bankruptcy protection after the firm recently missed paying interest and informed that it had retained restructuring advisers. The drilling company’s filing in Texas seeks protection under Chapter 11. Diamond Offshore attributed the move to the “price war” between OPEC and Russia and the collapse in demand due to the coronavirus pandemic, which worsened its day rates and demand for its services.

   Read More About : Bankruptcy UPSTREAM US Texas coronavirus
⬅ all news

Please Login to Save News for Later