April 08, 2021
A Texas bankruptcy judge on Thursday approved oil and gas company Diamond Offshore Drilling's $2 billion debt-swap Chapter 11 plan after rejecting a compromise between Diamond and the U.S. trustee's office over the plan's legal releases.
February 26, 2021
A Texas bankruptcy judge Friday approved oil and gas company Diamond Offshore Drilling's Chapter 11 disclosure statement, sending the company's proposal to swap $2 billion in senior debt for equity to its creditors for a vote.
June 23, 2020
A Texas bankruptcy judge on Tuesday approved up to $14.5 million in bonuses for top executives at Diamond Offshore Drilling Inc. after hearing that the company had reached an agreement with creditors to move the performance goals for the payments up.
April 27, 2020
Houston's Diamond Offshore Drilling Inc. has filed for Chapter 11 protection in a Texas federal court with about $2.6 billion in debt, citing a downward trend in the industry that was exponentially worsened by the oil price wars this year and the coronavirus pandemic.