Is Seadrill out of business?

Is Seadrill out of business?

In December 2017, the company filed bankruptcy. The company emerged from bankruptcy in July 2018. However, the company had its shares delisted from the New York Stock Exchange in June 2020. On Octo, Seadrill announced the appointment of new CEO Stuart Jackson, replacing Anton Dibowitz with immediate effect.

Who owns seadrill?

John Fredriksen Offshore contractor Seadrill Ltd., owned by billionaire John Fredriksen, is proposing a debt write-off of just over $4.8 billion, according to Finansavisen.

How much debt does Seadrill have?

At the end of 2020, the company's interest-bearing debt stood at $6.2 billion, including $5.7 billion in secured credit facilities and $515 million in secured notes due 2025, according to its annual report published on March 19.

When did seadrill file Chapter 11?

Dec. 1, 2020 Seadrill Partners filed for Chapter 11 on Dec. 1, 2020, with the stated purpose of using court protection to, among other things, replace Seadrill Ltd. as its service provider.