Search results for: Seadrill

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  • 1 May 2013

    Seadrill and SapuraKencana have today completed the  the transaction to integrate Seadrill Limited’s (“Seadrill”) tender rig division into SapuraKencana Petroleum Berhad (“SapuraKencana”) The agreed upon acquisition price is for an enterprise value of US$2.9 billion, which includes cash, SapuraKencana shares, all debt in the tender rig business, and Seadrill’s future capital commitments for newbuilds. The incremental […]

  • 11 January 2019
    Business & Finance

    CFO of offshore driller Seadrill Limited and CEO of Seadrill Partners has decided to step down from his positions.

  • 19 October 2012

    Seadrill Partners, a subsidiary of international drilling contractor Seadrill Limited, today announced that it priced its initial public offering of 8,750,000 common units at a price of $22.00 per unit. Seadrill Partners has granted the underwriters a 30-day over-allotment option to purchase up to 1,312,500 additional common units, at the same price per unit, to cover […]

  • 30 April 2012

    Seadrill continues to see strong demand for modern ultra-deepwater drilling rigs driven by high oil prices and large deep-water discoveries and increased development drilling. Specific interest, mainly from operators in West Africa and the Americas, demonstrate a trend towards higher day rates and longer term contracts. With yard costs at very attractive levels and Seadrill’s […]

  • 30 April 2012
    Business & Finance

    Seadrill continues to see strong demand for modern ultra-deepwater drilling rigs driven by high oil prices and large deep-water discoveries and increased development drilling. Specific interest, mainly from operators in West Africa and the Americas, demonstrate a trend towards higher day rates and longer term contracts. With yard costs at very attractive levels and Seadrill’s […]

  • 3 December 2013
    Business & Finance

    Seadrill Limited announced yesterday that it has entered into an agreement with Seadrill Partners (Seadrill Partners) pursuant to which the Company will sell to Seadrill Operating LP, the Company’s 70% owned subsidiary (Seadrill Operating), all of the ownership interests in the entities that own and operate the semi-submersible drilling rig, the West Leo (Leo Dropdown), […]

  • 10 July 2014

    Seadrill Limited has received commitments from 17 banks for a US$1.35 billion credit facility with a 5 year term and 10 year amortization profile to refinance the credit facilities secured by the West Pegasus, West Gemini, and West Orion. The transaction was initially launched as a US$900 million facility secured by two ultra-deepwater units. However, […]

  • 22 August 2016
    Equipment, Exploration & Production

    Mexican oil company Pemex has terminated a drilling contract with Seadrill over the West Pegasus offshore drilling rig. The driller has disputed the grounds for termination and is reviewing its legal options. During the second quarter of 2015 Seadrill signed a provisional commitment for a two-year extension to the contract with Pemex for the West Pegasus. In conjunction […]

  • 28 May 2010
    Business & Finance

    Reference is made to the conditional offer by Ensco to acquire shares in Scorpion Offshore Ltd that was disclosed on May 27 this year. The Board in Seadrill has decided not to accept Ensco’s conditional offer for the shares in Scorpion Offshore Ltd. Seadrill is currently considering if they should raise our offer price per […]

  • 27 June 2013
    Business & Finance

    Seadrill Limited issued June 26, a mandatory notification of trade regarding purchase of shares in Sevan Drilling ASA. Following the notification Seadrill has today purchased an additional 116,934,875 shares in Sevan Drilling at a price of NOK 3.95 per share. Following the purchase, Seadrill owns (including shares purchased under forward agreements) 297,893,964 shares in Sevan […]

  • 2 December 2013

    The Board of Seadrill has today announced David Sneddon to succeed Robert Hingley-Wilson as Chief Accounting Officer and Senior Vice President of Seadrill Management Limited. Sneddon is joining Seadrill effective December 1, 2013 as Senior Vice President and Chief Accounting Officer. Prior to Seadrill he held several senior positions in Novelis Inc., most recently as […]

  • 15 October 2013
    Business & Finance

    Seadrill Limited has entered into an agreement to sell the company that owns the tender rig T-16 to Seadrill Partners LLC for a total purchase price of US$200 million, less approximately US$93 million of debt outstanding under the credit facility secured by the T-16. Seadrill Partners will acquire the company that owns the T-16 in […]

  • 15 October 2012

    Seadrill Partners, today announced that it has started an initial public offering of 8,750,000 common units, and, according to Reuters, the company plans to raise as much as $193 million. Seadrill Partners, a subsidiary of international drilling contractor Seadrill Limited, intends to grant the underwriters a 30-day over-allotment option to purchase up to 1,312,500 additional […]

  • 2 June 2016
    Business & Finance

    Offshore drilling contractor Seadrill has appointed Anton Dibowitz as Executive Vice President of Seadrill Management. He will continue to report to CEO, Per Wullf. Seadrill said on Thursday that, in addition to his ongoing role as Chief Commercial Officer, in this new appointment, Dibowitz will take on additional responsibility for day-to-day business administration. Per Wullf, […]

  • 21 June 2011
    Business & Finance

    Seadrill has entered into an agreement to sell the 1985 built jack-up drilling rig West Janus to Harrington LLC in Dubai for a total consideration of US$73 million.  Seadrill expects to record a gain on the sale in excess of US$50 million on closing. Closing of the agreement and the transfer of ownership of the […]

  • 4 May 2012
    Business & Finance

    To benefit from the current strong demand for high specification drilling units Seadrill announced that it has entered into a turnkey construction contract with Hyundai Samho Shipyard for the construction of a new harsh environment semi-submersible drilling rig. The new rig will be a sister rig of the harsh environment semi-submersible unit Seadrill’s subsidiary North […]

  • 22 April 2010
    Equipment

    Seadrill today took delivery of the new deepwater semisubmersible drilling rig West Orion from the Jurong Shipyard in Singapore. The unit was delivered on budget and 10 days ahead of original delivery schedule. The drilling rig will leave Singapore tomorrow, en route to its first six-year drilling assignment for Petrobras offshore Brazil. Commencement of operations […]

  • 3 October 2012
    Business & Finance

    The Board of Seadrill, one of the world’s largest drilling contractors, has announced plans to implement a new management structure to ensure continued safe and efficient operations and support its global strategy. Since acquiring Smedvig ASA in 2006 Seadrill has operated its management service company, Seadrill Management AS out of Stavanger, Norway. Globally the company […]

  • 21 March 2011
    Business & Finance

    Keppel FELS Limited (Keppel FELS) has delivered its seventh KFELS semisubmersible drilling tender (SSDT), West Jaya, to Seadrill Limited (Seadrill). Completed two weeks ahead of schedule, the vessel was delivered with a perfect safety record and within budget. West Jaya is built to Keppel’s proven KFELS SSDT 3600E design which was conferred the ASEAN outstanding […]

  • 14 October 2013
    Business & Finance

    Seadrill Limited has entered into an agreement to sell the company that owns the tender rig T-16 to Seadrill Partners LLC for a total purchase price of US$200 million, less approximately US$93 million of debt outstanding under the credit facility secured by the T-16. Seadrill Partners will acquire the company that owns the T-16 in […]

  • 3 December 2013

    Seadrill Limited announced today that it has entered into an agreement with Seadrill Partners pursuant to which the Company will sell to (i) Seadrill Operating LP, the Company’s 70% owned subsidiary (“Seadrill Operating”), all of the ownership interests in the entities that own and operate the semi-submersible drilling rig, the West Leo  , and (ii) […]

  • 4 May 2012
    Business & Finance

    Seadrill, one of the world’s largest drilling contractors, has ordered a new harsh environment semi-submersible drilling rig from Hyundai Samho Shipyard in South Korea. The company explained the move by the current strong demand for high specification drilling units and Seadrill’s wish to benefit from such market conditions. The new rig will be a sister […]