October 26, 2021
A Texas bankruptcy judge on Tuesday confirmed offshore oil driller Seadrill Ltd.'s reorganization plan, which will reduce its liabilities by $4.9 billion and allow it to exit Chapter 11 bankruptcy proceedings in 60 day, the company announced.
August 10, 2021
Offshore oil driller Seadrill Ltd. is asking a Texas bankruptcy judge to approve the no-cash settlement of payment disputes with international drilling contractor Northern Ocean Ltd. in a step Seadrill says will help clear the way for its Chapter 11 case to proceed.
June 15, 2021
Former employees of offshore oil driller Seadrill Ltd. filed suit against the bankrupt company late Monday in Texas, saying they were terminated without proper notice and are entitled to back pay and employee benefits.