1430 results found for 'seadrill'

1430 results found for 'seadrill'
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  • Seadrill Reports 4Q Net Profit of 50 Million

    1 March 2013

    Seadrill, an international offshore drilling contractor today reported that its consolidated revenues for the fourth quarter of 2012 amounted to US$1,215 million compared to US$1,092 million in the third quarter 2012. Operating profit for the quarter was US$441 million compared to US$413 million in the preceding quarter. Net financial items for the quarter showed a […]

  • Seadrill Buys More Shares in Asia Offshore Drilling

    1 November 2012

    International drilling contractor Seadrill Limited has today acquired additional 12,883 shares of Asia Offshore Drilling Limited. The shares were acquired at a price of NOK 28.70 per share (USD 5.03) . Following this acquisition, Seadrill will be the owner of  65.89% of the total number of outstanding shares in the Asia Offshore Drilling. Asia Offshore […]

  • Seadrill Places Order for Two Jack-Up Rigs

    20 June 2013
    Business & Finance

    Seadrill Limited has entered into new contracts for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The newbuild rigs are scheduled for delivery during the fourth quarter of 2015 and the first quarter of 2016, and the total project price per rig is […]

  • Seadrill Sells West Leo and West Sirius Rigs

    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) […]

  • Seadrill Secures Letter of Intent for Semi-Submersible Newbuild

    7 September 2006

    HAMILTON, Bermuda, Sept. 7, 2006 (PRIMEZONE) — Seadrill has been awarded a letter of intent by an E&P operator in the Gulf of Mexico for the semi-submersible drilling rig West Sirius (Jurong 1). The contract has a firm duration of four years with the option for the operator to extend the contract to five or […]

  • Odfjell Drilling to take over management of yet another rig from Seadrill

    12 May 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders, Regulation & Policy, Rules & Regulation

    SFL has inked a new deal with Odfjell Drilling, enabling the latter to replace Seadrill as the manager of another drilling rig.

  • Singapore: Double Naming Ceremony for Seadrill’s UDW Rigs

    8 November 2011
    Business & Finance

    Sembcorp Marine’s subsidiary Jurong Shipyard and Seadrill Limited set a key milestone on November 5, 2011 with the double naming of high-specification, ultra-deepwater semi-submersible drilling rigs West Capricorn and West Leo. The double rig naming – a first for Seadrill and Jurong Shipyard – witnessed the christening of West Capricorn by Ms Evelyn MacLean and […]

  • Seadrill closing benign jack-up chapter with sale of eight-year stacked rig

    27 December 2024
    Business & Finance, Business Developments & Projects

    Seadrill has bid farewell to a jack-up rig that spent eight years out of work. The divestment is perceived as an enabler of the firm’s strategy to leave the benign jack-up market.

  • Sonadrill drillship held in Malaysia due to lack of permits

    15 October 2019
    Exploration & Production

    The Sonangol Quenguela drillship is being held by Malaysian Maritime Enforcement Agency due to docking without permission. 

  • Seadrill targets enhanced managed pressure drilling ops with new collaboration

    17 September 2024
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Innovation, Outlook & Strategy, Technology, Vessels, Vision

    Bermuda-headquartered offshore drilling contractor Seadrill has established a strategic collaboration with Texas-headquartered Oil States International with the aim of “transforming” offshore drilling efficiency and safety by bringing managed pressure drilling (MPD) into mainstream operations. The non-exclusive collaborative relationship is aimed at increasing the safety and efficiency of offshore MPD operations, combining Oil States’ MPD Integrated […]

  • Seadrill to Submit Offer For All of the Remaining Scorpion Offshore Shares

    31 May 2010
    Business & Finance

    Seadrill Limited (“Seadrill”) announces the acquisition of a further 9,071,948 shares in Scorpion Offshore Limited (“Scorpion”) on Friday, May 28, 2010 taking its total holding to 45,010,851 shares, representing 50.11 percent of the issued shares in Scorpion. The acquisition of the additional shares was made through Pareto Securities ASA at a price of NOK40.50 per […]

  • NYSE pushes to delist Seadrill Partners. Driller set to appeal

    6 September 2019
    Business & Finance

    The New York Stock Exchange gas decided to suspend trading in securities of Seadrill Partners and has started procedure to delist the company, an affiliate of drilling contractor Seadrill, from the exchange. The NYSE reached its decision due to Seadrill Partner’s low market capitalization.

  • Hat-trick award to bring $404 million to Seadrill

    28 April 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Offshore drilling contractor Seadrill has secured contracts totalling $404 million for three jack-up rigs in the Middle East.

  • Seadrill boosts backlog with new deals but plans for recycling spree

    20 November 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders

    Seadrill has added approximately $52 million to its backlog following the end of 3Q and is looking to manage its rig count by recycling some of its rigs.

  • Two Seadrill drillships pick up $1.1 billion for work in Brazil

    25 December 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Seadrill has found long-term assignments for two drillships with Brazil’s state-owned oil and gas giant, Petrobras.

  • Seadrill Limited files for second Chapter 11 in four years

    11 February 2021
    Business & Finance, Business Developments & Projects

    In a move that was almost an inevitability after recent events in the company, offshore drilling contractor Seadrill Limited has filed for Chapter 11 bankruptcy.

  • New gig to keep Seadrill Partners’ rig in Malaysia

    27 November 2018
    Exploration & Production

    Offshore Driller Seadrill Partners has secured a contract for its West Capella drillship with Petronas in Malaysia.

  • USA: Seadrill Secures Contracts for Three Newbuild Drillships

    25 July 2012
    Business & Finance, Equipment

    Seadrill has received a commitment from a major oil company for new contracts on newbuild drillships West Auriga, West Vela and a third drilling unit currently in operation, which will be named later. The combined 3 rig package involves 19 rig years and a potential contract value of US$4 billion, including mobilization fees for the […]

  • Seadrill Buys Songa Eclipse Rig for $590 Million

    16 November 2012

    Songa Offshore has agreed to sell the ultra deepwater semi-submersible rig “Songa Eclipse” to Seadrill. The rig is sold for net sale proceeds of USD 590 million. The ultra-deepwater semi-submersible rig was delivered from the Jurong Shipyard in Singapore in 2011, and is currently operating for Total offshore Angola on a fixed contract ending in […]

  • Hibiscus: Seadrill rig to drill Sea Lion well

    30 October 2014
    Business & Finance, Equipment, Exploration & Production

    Hibiscus Petroleum’s wholly-owned entity, Carnarvon Hibiscus Pty Ltd (CHPL), has signed a rig share agreement for the drilling of an exploration well located in VIC/P57 offshore Australia. The agreement is signed with Origin Energy Resources Ltd which intends to drill two wells prior to handing over the rig to CHPL. Under the agreement, CHPL will […]

  • Bermuda: Seadrill Completes Deal with North Atlantic Drilling

    4 April 2011
    Business & Finance, Project & Tenders

      Reference is made to the reorganisation of Seadrill’s harsh environment drilling services and the establishment of North Atlantic Drilling Ltd announced on February 15, 2011. Seadrill announces that North Atlantic Drilling’s acquisition of our harsh-environment drilling activities was successfully completed on March 31, 2011. Closing of the transaction took place in line with the […]

  • Tullow declares Force Majeure on Seadrill rig contract

    3 October 2016
    Exploration & Production

    Offshore drilling contractor Seadrill Partners has received a notice of Force Majeure from Tullow for the West Leo rig contract. According to the driller, Tullow sent the notice effective October 3, 2016, claiming the field the rig has been hired for, is subject to a drilling moratorium by the government of Ghana. The West Leo […]

  • Seadrill 3Q numbers down on idle rigs, impairment

    22 November 2016
    Business & Finance, Exploration & Production

    Offshore drilling specialist Seadrill saw its third-quarter revenue drop 25 percent on lower dayrates and rigs going out of work. Revenue was $743 million, down from $985 million in the third quarter of 2015. During the quarter, the West Orion, West Phoenix, West Alpha, West Pegasus and Sevan Driller drilling rigs became idle. The West […]

  • Seadrill sells three jack-ups to Shelf Drilling

    2 May 2017
    Business & Finance, Exploration & Production

    Offshore drilling contractor Seadrill has reached an agreement with Shelf Drilling to sell three jack-up drilling rigs for a total consideration of $225 million.  The rigs included in the agreement are the West Triton, West Resolute and West Mischief. Seadrill said on Monday that The West Triton and West Resolute are scheduled to be delivered […]

  • Seadrill Negotiating Contract Extension for West Aquarius Rig

    11 October 2013

    Seadrill Partners LLC announces today that as part of a settlement agreement with it has agreed to non-payment for 37 days during the recent mobilization period as a result of the time required for the ultra-deepwater harsh environment semi-submersible West Aquarius to complete modifications and repairs in order to meet the regulatory requirements for operations […]