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Home Icon > About Us > News > Offshore Driller Noble Corp. Files for Bankruptcy

Offshore Driller Noble Corp. Files for Bankruptcy

By David Wethe (Bloomberg) –Noble Corp., the offshore drilling contractor, filed for bankruptcy after the crash in crude prices made undersea oil wells too expensive to compete. The Chapter 11 filing in Texas envisions eliminating all of the company’s borrowings — more than $3.4 billion — by swapping debt for equity, the company said in […]

WP_Post Object ( [ID] => 228425 [post_author] => 21 [post_date] => 2020-07-31 16:01:00 [post_date_gmt] => 2020-07-31 16:01:00 [post_content] => drillshipBy David Wethe (Bloomberg) –Noble Corp., the offshore drilling contractor, filed for bankruptcy after the crash in crude prices made undersea oil wells too expensive to compete. The Chapter 11 filing in Texas envisions eliminating all of the company’s borrowings — more than $3.4 billion — by swapping debt for equity, the company said in […] [post_title] => Offshore Driller Noble Corp. Files for Bankruptcy [post_excerpt] => By David Wethe (Bloomberg) –Noble Corp., the offshore drilling contractor, filed for bankruptcy after the crash in crude prices made undersea oil wells too expensive to compete. The Chapter 11 filing in Texas envisions eliminating all of the comp... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => offshore-driller-noble-corp-files-for-bankruptcy [to_ping] => [pinged] => [post_modified] => 2020-07-31 16:01:00 [post_modified_gmt] => 2020-07-31 16:01:00 [post_content_filtered] => [post_parent] => 0 [guid] => https://gcaptain.com/?p=141440 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )