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Seadrill : asks creditors to write off more than 85% of its debts, filing shows

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OSLO, April 3 (Reuters) - Offshore drilling rig contractor
Seadrill has asked creditors to write off more than
85% of its debts in exchange for a 99% stake in the reorganized
company, a court filing showed.
The Oslo-listed firm controlled by Norwegian-born
billionaire John Fredriksen in February filed for Chapter 11
bankruptcy protection in the United States, the second time it
has done so in four years.
Seadrill has in the past year written off billions of
dollars worth of assets due to a bleak outlook for the oil
sector, and warned in March it expected offshore drilling demand
to remain depressed well into 2021. ....

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Detailed text transcripts for TV channel - BBCNEWS - 20210403:13:11:00

Is now in a red zone for this easter weekend. and of course, the vatican, too, is in lockdown. what does that mean? well, that restaurants are only offering takeaway service across the whole of the country and that nonessential businesses right across italy have had to close. there are movement restrictions as well. all arrivals into italy from european union countries are subject to a five day quarantine as well. but in one concession to italians, who will be sitting down for their easter lunch or dinner at home, they are allowed to invite up to two people from the same family to join them for this, which is an extremely important weekend and celebration for many italians. in terms of church services, well, they are still going ahead for the easter mass, but the faithful are being encouraged to go to the church closest to their homes and, of course, to observe strict social distancing measures when they re inside. pope francis will be holding mass this weekend. he will deliver that ur ....

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Detailed text transcripts for TV channel - BBCNEWS - 20210403:12:21:00

And people are required to stay at home except for work, health or other essential reasons. here s our rome correspondent, mark lowen. well, when pope francis gave his urbi et 0rbi message on easter sunday to the city and the world a year ago to a deserted, locked down st peter s square, few would have imagined that 12 months on, here we would be here again, but yes, indeed, we are. italy is in the grip of a third wave with about 20,000 coronavirus cases a day, and so the whole of italy is now in a red zone for this easter weekend. and of course, the vatican, too, is in lockdown. what does that mean? well, that restaurants are only offering takeaway service across the whole of the country and that nonessential businesses right across italy have had to close. there are movement restrictions as well. all arrivals into italy from european union countries are subject to a five day quarantine as well. but in one concession to italians, who will be sitting down for their easter lunch or di ....

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Detailed text transcripts for TV channel - BBCNEWS - 20210403:13:10:00

Go back up. but as flags at the white house were lowered, some were posing a broader question how to maintain an open democracy when so many people seem to want to cause it harm. david willis, bbc news, los angeles. italy has entered a nationwide lockdown from today until the 5th of april. it means non essential shops will be shut, restaurants and bars will not be able to serve customers and people required to stay at home except for work, health or other essential reasons. here s our rome correspondent, mark lowen. well, when pope francis gave his urbi et orbi message on easter sunday to the city and the world a year ago to a deserted, locked down st peter s square, few would have imagined that 12 months on, here we would be here again, but yes, indeed, we are. italy is in the grip of a third wave with about 20,000 coronavirus cases a day, and so the whole of italy ....

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Detailed text transcripts for TV channel - BBCNEWS - 20210403:15:13:00

St peter s square, few would have imagined that 12 months on, here we would be here again, but yes, indeed, we are. italy is in the grip of a third wave with about 20,000 coronavirus cases a day, and so the whole of italy is now in a red zone for this easter weekend. and of course, the vatican, too, is in lockdown. what does that mean? well, that restaurants are only offering takeaway service across the whole of the country and that nonessential businesses right across italy have had to close. there are movement restrictions as well. all arrivals into italy from european union countries are subject to a five day quarantine as well. but in one concession to italians, who will be sitting down for their easter lunch or dinner at home, they are allowed to invite up to two people from the same family to join them for this, which is an extremely important weekend and celebration for many italians. in terms of church services, well, they are still going ahead for the easter mass, ....

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