This issue of the Bankruptcy Update focuses on the latest wave of restructurings by offshore drillers, including Seadrill Limited, Valaris and Diamond Offshore Drilling, as they face dual pressures of COVID-19 pandemic and oil price wars.

Seadrill Limited

On Feb. 10, 2021, Seadrill Limited and certain affiliated debtors filed petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Seadrill Limited (Bankr. S.D. Tex. 21-30427).

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