British bank Barclays Plc submitted an alternative proposal to restructure Seadrill, the oil rig company said in a U.S. court filing, Reuters reported. Seadrill, which filed for chapter 11 restructuring in a U.S. court on Sept. 12, has already received two restructuring proposals. The Norwegian company, once the largest drilling rig operator by market value, filed for bankruptcy protection after being hit hard by oil company investment cutbacks following the fall in oil prices. One of the proposals is from its main owner, Norwegian-born billionaire John Fredriksen and a group of hedge funds. The other came from an ad-hoc group of unsecured bondholders, including about 40 investors from the United States, Europe and Asia.
