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Home Icon > About Us > News > Diamond Offshore Files for Bankruptcy Amid Historic Crude Crash

Diamond Offshore Files for Bankruptcy Amid Historic Crude Crash

By David Wethe and Jeremy Hill (Bloomberg) — Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an unprecedented crash in crude prices that’s wrecking demand for oil exploration at sea. The company listed $5.8 billion of assets and $2.6 billion of debt in a Chapter 11 petition filed in […]

WP_Post Object ( [ID] => 224402 [post_author] => 21 [post_date] => 2020-04-27 03:56:14 [post_date_gmt] => 2020-04-27 03:56:14 [post_content] => offshore rig north seaBy David Wethe and Jeremy Hill (Bloomberg) — Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an unprecedented crash in crude prices that’s wrecking demand for oil exploration at sea. The company listed $5.8 billion of assets and $2.6 billion of debt in a Chapter 11 petition filed in […] [post_title] => Diamond Offshore Files for Bankruptcy Amid Historic Crude Crash [post_excerpt] => By David Wethe and Jeremy Hill (Bloomberg) — Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an unprecedented crash in crude prices that’s wrecking demand for oil exploration at sea. The com... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => diamond-offshore-files-for-bankruptcy-amid-historic-crude-crash [to_ping] => [pinged] => [post_modified] => 2020-04-27 03:56:14 [post_modified_gmt] => 2020-04-27 03:56:14 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=139727 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )