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Valaris Set To Emerge From Bankruptcy As Reorganization

Valaris Set To Emerge From Bankruptcy As Reorganization
marinelink.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marinelink.com Daily Mail and Mail on Sunday newspapers.

United statesTom burkeDaewoo shipbuilding marine engineering co ltdUnited states bankruptcy courtSouthern districtChief executive officerDaewoo shipbuildingஒன்றுபட்டது மாநிலங்களில்டோம் பர்க்டேவூ கப்பல் கட்டும் கடல் பொறியியல் இணை லிமிடெட்ஒன்றுபட்டது மாநிலங்களில் திவால்நிலை நீதிமன்றம்தெற்கு மாவட்டம்தலைமை நிர்வாகி அதிகாரிடேவூ கப்பல் கட்டும்

US: Valaris receives court approval of Chapter 11 Plan of Reorganization

US: Valaris receives court approval of Chapter 11 Plan of Reorganization 03 Mar 2021 Plan to Deleverage Balance Sheet by Over $6.5 Billion and Provide $520 Million Capital Injection Valaris has received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged Plan of Reorganization. In addition to Bankruptcy Court confirmation, the Plan received support from approx. 80% of the Company’s unsecured notes and bank lenders representing 100% of the Company’s credit facility claims. In addition, approx. 81% of the Company’s voting shareholders voted to accept the Plan. I am pleased that we have received strong support for the Company’s amended plan. This is an important milestone, as it clears the path for Valaris to emerge from chapter 11 early in the second quarter. The overwhelming support from our noteholders and bank lenders shows their confidence in our go-forward strategy and strength as a company, said Tom Burke, Presi

United statesTom burkeDaewoo shipbuilding marine engineering co ltdUnited states bankruptcy courtBankruptcy courtDeleverage balance sheetSouthern districtChief executive officerDaewoo shipbuildingE ampp newsOil and gas explorationExploration and productionEnergy pediaGeological and geophysicalAlternative energyHeavy oil

Valaris Receives Court Approval of Chapter 11 Plan of Reorganization

Valaris Receives Court Approval of Chapter 11 Plan of Reorganization
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United statesCity ofUnited kingdomDarin gibbinsTom burkeAbernathy macgregorAkin gump strauss hauer feldLazard ltdDaewoo shipbuilding marine engineering co ltdUnited states bankruptcy courtKirkland ellisExchange commissionAlvarez marsal north americaHoulihan lokey incSecurities exchangeShearman sterling

Valaris Receives Court Approval of Chapter 11 Plan of Reorganization

Report: SBM Offshore Only Bidder For Petrobras Mero 4

Illustration only; An FPSO offshore Brazil - Credit: Ranimir/AdobeStock - The image has been cropped Brazil s state-controlled oil company Petrobras received only one proposal, from Dutch SBM Offshore, in a bid to contract construction of the Mero 4 oil platform [FPSO] in the Santos Basin pre-salt, two sources with knowledge of the matter told Reuters. Petrobras business plan foresees Mero 4 entering operation in 2025 with a capacity to produce 180,000 barrels of oil a day. Petrobras and SBM declined to comment. One of the sources commented that it is the first time in a long time that Petrobras has received only one proposal in a bid, a sign that the platform chartering market may no longer have as much room to absorb new demands.

Royal dutch shellKeppel corporation ltdSamsung heavy industries co ltdDaewoo shipbuilding marine engineering co ltdSantos basinDaewoo shipbuildingMarine engineering co ltdMarta nogueira editingMarguerita choyஅரச டச்சு ஷெல்கெபல் நிறுவனம் லிமிடெட்சாம்சங் கனமான தொழில்கள் இணை லிமிடெட்டேவூ கப்பல் கட்டும் கடல் பொறியியல் இணை லிமிடெட்சாண்டோஸ் பேசின்டேவூ கப்பல் கட்டும்கடல் பொறியியல் இணை லிமிடெட்