Cal Dive files for chapter 11 bankruptcy protection
The Houston firm said this week it is set to sell off its least important assets and plans to either reorganize or sell its main subsea contracting business, which helps oil companies maintain offshore...
View ArticleQuicksilver Resources seeks bankruptcy
Quicksilver, which had around 340 employees in February 2014, has asked the federal bankruptcy court for approval to continue its business as normal and to keep paying employee wages and salaries and...
View ArticleSaratoga Resources extends forbearance agreements to restructure debt
The Houston firm is extending the terms of its forbearance agreement with holders of $54.6 million in senior debt and 75 percent of holders of $125.2 million in second lien notes until April 30.
View ArticleMoody’s downgrades Sabine amid financial woes
Moody’s Investors Service said $1.85 billion of the Houston oil producer’s debt is at higher risk of default after financial disclosures in its annual report Tuesday indicated it has an “unsustainable...
View ArticleCal Dive asks court for speedy auction after $17m asset bid
Cal Dive International, a Houston firm that filed for chapter 11 bankruptcy protection in March, says in court papers it has found a buyer for its Australian unit.
View ArticleOil field companies cutting 276 more jobs in Texas
National Oilwell Varco and Cal Dive International, two oil field service companies based in Houston, are cutting a combined 276 jobs in Texas this month, state regulators said Monday.
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