Transocean and Dolphin Make Offer for Seadrill
Offshore drilling rig contractor Transocean Ltd and Dolphin Drilling put forward a new offer to purchase Seadrill Ltd. Seadrill is seeking to restructure over $7bn of debt in exchange for handing control of the company as it seeks to emerge from bankruptcy...
Transocean’s Bonds Rise as Oil Crosses $70
Oil drilling major Transocean’s dollar bonds rose on Wednesday with the easing risk-off sentiment and Brent crude crossing $70/bbl as per Bloomberg, leading the rally in high yield energy bonds. Oil prices had fallen below $70 after the OPEC+ nations agreed to boost...
