London-based Noble Corporation PLC (NYSE: NE) reached a restructuring support agreement with two groups of lenders and filed for bankruptcy in Houston on July 31. The agreement would cut more than $3.4 billion of Noble’s debt in exchange for equity interest in the reorganized company, which would be turned over to creditors, according to a […]
Oil field services giant Schlumberger Ltd. (NYSE: SLB), which has a primary office in Houston, reported a net loss of more than $3.4 billion for the second quarter. However, the loss was due to more than $3.7 billion of pretax restructuring and asset impairment charges taken in response to market conditions, according to a July […]
