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CGG’s creditors have overwhelmingly accepted the company’s proposed chapter 11 plan, the French seismic firm announced today (2 October). Image…
Wednesday, 13 September 2017 10:37

Seadrill files for bankruptcy

Seadrill has filed for bankruptcy protection, as investors fork up US$1.06 billion of new capital for the company. Anton Dibowitz.…
Thursday, 15 June 2017 11:45

CGG begins financial restructuring

Paris-based geophysical firm CGG will file for Chapters 11 and 15 bankruptcy in the US, and open a Sauvegarde proceeding in…
Published in OE Press: 2017 / June
Tuesday, 28 February 2017 09:39

EMAS Chiyoda files for Chapter 11

EMAS Chiyoda Subsea (ECS) filed a voluntary petition for reorganization under Chapter 11 of the US Federal Bankruptcy Code yesterday…
Thursday, 15 December 2016 11:59

Stone Energy files for Chapter 11

Stone Energy and its domestic subsidiaries have filed voluntary petitions under chapter 11 of title 11 of the US code,…
Monday, 08 August 2016 14:30

Paragon revises bankruptcy plan

Paragon Offshore and its lenders have entered into an agreement to revise the company's restructuring plan in hopes to emerge…
Friday, 12 February 2016 14:50

Paragon to file for Chapter 11

Paragon Offshore is planning to file for bankruptcy this week in a deal that will eliminate more than US$1.1 billion of debt…
Houston-based Vantage Drilling’s subsidiary Offshore Group Investment Ltd. (OGIL) filed for bankruptcy last week, in a debt-for-equity deal that will…
Thursday, 13 August 2015 08:33

Hercules files Chapter 11

Houston-based Hercules Offshore has filed for Chapter 11 bankruptcy protection with a pre-packaged deal that will send the company into…
Monday, 20 April 2015 09:06

Schahin files for bankruptcy

The Schahin Group filed for bankruptcy for its engineering unit as it seeks protection from creditors, according to news agency…
Published in OE Daily: 2015 / April