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Seadrill to exit bankruptcy after Texas court approves plan

By Declan Bush

18 April 2018

Seadrill to exit bankruptcy after Texas court approves plan A Texas court has greenlit Seadrill's Chapter 11 plan. iStock.com/think4photo

Norwegian oil company Seadrill’s second Chapter 11 plan has won approval in its Texas Bankruptcy Court, with the company hoping to exit bankruptcy in the next few months.