Crise do petróleo: Diamond Offshore pede recuperação judicial nos EUA e arrasta sua subsidiária no Brasil

Oil Crisis: Diamond Offshore Files For Bankruptcy Protection In The U.S. And Takes Its Subsidiary In Brazil Down With It

Written by Flavia Marinho

Published on 28/04/2020 at 19:24

Crise do petróleo: Diamond Offshore pede falência nos EUA e arrasta sua subsidiária no Brasil

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Oil Crisis – On Sunday, the American Diamond Offshore Drilling filed for creditor protection in the U.S. as it faced significant financial difficulties, affecting its subsidiary in Brazil, Diamond Offshore Brazil. Petrobras Halts Rigs in Bahia and Sergipe, 550 Oil Workers Laid Off

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The American company operates 15 rigs (11 semisubmersible and four drillships) working for Hess, Occidental, Petrobras, and BP.

Marc Edwards, President and CEO, said: “After careful and diligent consideration of our financial alternatives, the Board of Directors and management, along with our advisors, concluded that the best path forward for Diamond and its stakeholders was to seek creditor protection. With this process, we aim to restructure our balance sheet to achieve a sustainable level of debt to reposition the business for long-term success.”

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Oil Crisis

The global crisis is expected to lead to more suspensions of activity in the offshore sector at a time when oil producers are struggling with an oversupply and very limited demand – a situation worsened by the COVID-19 pandemic.

In the U.S., the number of active oil rigs fell to 378 last week, with 60 shutting down during that period, according to data from Baker Hughes. This is a decrease of 53% compared to the same week last year.

In early April, Whiting Petroleum also sought creditor protection under U.S. bankruptcy law, becoming the first major independent shale oil producer to succumb to the drop in industry prices.

Oil Crisis: Diamond Offshore Files For Bankruptcy Protection In The U.S. And Takes Its Subsidiary In Brazil Down With It

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Oil Crisis

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

In the asteroid belt, an “impossible comet” is releasing water vapor where it shouldn’t exist, and the James Webb telescope has revealed that primordial ice has survived for billions of years in a region that could rewrite the origin of water on Earth.

Mercedes has created an electric motor with over 1,000 horsepower that weighs only 12.7 kilograms — less than a suitcase and with the highest power density ever recorded.

At over 8 meters tall and resembling a trunk, this creature dominated the Earth 400 million years before the dinosaurs — and science still doesn’t know what it was.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

Oil at the center of global disputes and historical transformations

Oil Crisis: Diamond Offshore Files For Bankruptcy Protection In The U.S. And Takes Its Subsidiary In Brazil Down With It

Read Also

Oil Crisis

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Oil at the center of global disputes and historical transformations

More than R$ 526 million generated in oil in 2025 was not enough to place Espírito Santo in the lead of innovation — and the data shows exactly where the bottleneck is.

With salaries of up to R$ 30,000 and 2,500 open positions, a shipyard in Aracruz (ES) is at the center of a billion-dollar project by Petrobras that involves platforms capable of producing 225,000 barrels per day.

Impacts of tensions in the Middle East: how the rise in oil prices is transforming infrastructure contracts in Brazil, raising prices, delaying schedules, and exposing billion-dollar fragility in the sector.

Impacts of tensions in the Middle East: how the rise in oil prices is transforming infrastructure contracts in Brazil, raising prices, delaying schedules, and exposing billion-dollar fragility in the sector.

In the asteroid belt, an “impossible comet” is releasing water vapor where it shouldn’t exist, and the James Webb telescope has revealed that primordial ice has survived for billions of years in a region that could rewrite the origin of water on Earth.

Mercedes has created an electric motor with over 1,000 horsepower that weighs only 12.7 kilograms — less than a suitcase and with the highest power density ever recorded.

At over 8 meters tall and resembling a trunk, this creature dominated the Earth 400 million years before the dinosaurs — and science still doesn’t know what it was.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

Oil at the center of global disputes and historical transformations