Forty-year-old OSV operator Hornbeck Offshore Services Inc., Covington, La., however, emerged from bankruptcy on Sept. 4 after filing in May. "It's been a very tough time for offshore drilling and oilfield services in general," Valaris plc senior vice president of business development Alan Quintero said in a Sept. 15 virtual presentation to the International Association of Drilling Contractors (IADC), less than one month after the world's largest offshore rig contractor filed for bankruptcy. Valaris' filing followed Noble Corp. and Diamond Offshore, which sought bankruptcy protection in late July and April, respectively, while Transocean Ltd. was granted court permission on Sept. 3 to proceed with a debt restructuring plan, thereby avoiding bankruptcy for now. The fates of troubled Seadrill and Pacific Drilling remained up in the air in late September.