Page 21 - Anton Dibowitz News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stability in Brent crude futures viewed as ‘highly constructive’ for offshore project demand globally

Cutting greenhouse gases produced by drilling units is target of contractor's near-term sustainability effort

CEO Tom Burke and CFO Jon Baksht to step down on 2 September 2021

Valaris Successfully Completes Restructuring Improves Liquidity Position by Receiving $520M Capital Injection ​Valaris Limited ("Valaris" or the "Company" and together with its subsidiaries, the "Valaris Group") today announced that, on April 30, 2021, the Valaris Group has successfully completed its financial restructuring and emerged from chapter 11. The Valaris Group's Plan of Reorganization (the "Plan") was approved and confirmed by the United States Bankruptcy Court for the Southern District of Texas on March 3, 2021. Valaris now moves forward with a strengthened capital structure, eli...

Valaris Limited has emerged from Chapter 11 bankruptcy. Valaris Limited (NYSE: VAL) emerged from Chapter 11 bankruptcy on April 30, 2021, eliminating $7.1 billion of debt, the offshore drilling contractor reported Monday. Last week Valaris CEO and President Tom Burke indicated the reorganization would end soon. The U.S. Bankruptcy Court for the Southern District of Texas approved and confirmed the Valaris Group subsidiary’s reorganization plan on March 3, 2021, Valaris noted Monday in a written statement emailed to Rigzone. The company “Today marks an important milestone as the company e...