Bankruptcy

News

Dolphin Drilling Files Fop Bankruptcy Until Firm Looks for Alternative

“As repeatedly communicated to the market, the Firm is insolvent and working at a loss,” Dolphin Drilling ASA, formerly referred to as Fred Olsen Energy, stated in a press release on Monday evening. As reported in April, the vast majority of lenders under the corporate’s $2 billion secured credit facility entered into a settlement for the restructuring and recapitalization of…