1442 results found for 'seadrill'

1442 results found for 'seadrill'
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  • 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 […]

  • 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 […]

  • 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 […]

  • 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.

  • China: COSCO to Build New Tender Rig for Seadrill

    12 April 2012
    Business & Finance

    Seadrill has exercised an option to build a new tender rig at the COSCO Nantong Shipyard in China. The new unit, T18, is scheduled for delivery in the fourth quarter 2013. Total project price is estimated at US$135 million, including project management, drilling and handling tools, spares, and capitalized interest. T18 is similar to the […]

  • Prospector Offshore, Seadrill Finalize Sale and Purchase Agreement

    28 November 2013
    Business & Finance

    Prospector Offshore Drilling S.A. announced yesterday that the previously announced sale of a subsidiary has been completed. Reference is made to the Company’s announcement on 15 November 2013, regarding the agreement with Seadrill Jack-up Holding Ltd., a subsidiary of Seadrill Limited, for the sale and purchase of  100% of the shares and certain intercompany obligations […]

  • China: COSCO Delivers Offshore Tender Rig to Seadrill

    27 December 2012
    Business & Finance

    The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Nantong) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd, has delivered a tender rig, “T-15”, to Seadrill. The delivery documents were signed by and between COSCO Nantong and Seadrill on 18 December 2012. Seadrill T-15 is […]

  • Seadrill secures letter of intent for ultra-deepwater drillship

    24 October 2006

    Seadrill has been awarded a letter of intent by a major oil company for international explorations activities with the ultra-deepwater drillship West Polaris (Mosvold I). The contract has a firm duration of three years and estimated contract value is approximately US$ 570 million. West Polaris is currently under construction at Samsung Shipyard in South Korea […]

  • Equinor hires Seadrill rig for work on Bacalhau field off Brazil

    27 April 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Infrastructure, Project & Tenders

    Offshore drilling contractor Seadrill has secured a four-year firm contract with four one-year options, for the West Saturn drillship with Norwegian oil major Equinor in Brazil.

  • Seadrill facing coercive fine as serious breaches of regulations come to light

    10 March 2021
    Authorities & Government, Regulation & Policy, Rules & Regulation, Safety

    Norwegian offshore safety watchdog has given Seadrill two orders and a decision on a coercive fine after serious breaches of the regulations.

  • USA: Seadrill says NO to Ensco’s Offer for Scorpion Offshore Ltd.

    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 […]

  • Court allows Vantage to manage four Seadrill Partners’ floaters

    22 March 2021
    Business & Finance, Business Developments & Projects, Project & Tenders

    A bankruptcy court has approved an agreement between Seadrill Partners and Vantage Drilling under which Vantage will manage four Seadrill Partners’ floaters

  • Seadrill Orders Another Semi-Tender Rig from Keppel, Singapore

    9 June 2011
    Business & Finance

      Keppel FELS Limited (Keppel FELS) has been awarded a US$142 million contract by Seadrill to build a repeat semisubmersible drilling tender (SSDT) based on the KFELS SSDTTM 3600E design. Scheduled for delivery in 2Q2013, this is the eighth drilling tender that Keppel will be building for Seadrill since the launch of the design in […]

  • Seadrill hammers out plan to cut debt by $5 billion and raise $350 million

    26 July 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy, Rules & Regulation

    Seadrill Limited has hammered out a reorganization plan with its consenting lenders, which will allow it to emerge from Chapter 11.

  • Seadrill finds more work for two drillships in Asia and US

    8 May 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Seadrill has won a new assignment and secured an extension of an existing one for two drillships in its rig fleet.

  • Seadrill to take full control of Asia Offshore Drilling

    15 September 2020
    Business & Finance, Business Developments & Projects

    Offshore drilling contractor Seadrill has bought from Mermaid Maritime the minority holding of the share capital of Asia Offshore Drilling (AOD).

  • More Gulf of Mexico work for Seadrill rig with oil & gas buoying ‘strong demand’ for offshore drilling

    30 November 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders

    Seadrill has secured a contract extension for one of its drillships, which will continue to carry out operations in the U.S. Gulf of Mexico

  • Husky Hires Seadrill’s Newbuild Rig for Operations in Canada and Greenland

    12 November 2012
    Business & Finance

    Seadrill has received a Letter of Award from Husky Oil Operations Limited for a new five-year contract for the newbuild harsh environment semi-submersible rig West Mira for operations in Canada and Greenland. Total estimated revenue potential for the contract, including mobilization and performance bonus is approximately US$1.18 billion for the five firm years. The West […]

  • West Elara: Singapores Largest Jack-Up Newbuild

    27 June 2011
    Business & Finance

      West Elara – the first of two ultra-large, high-specification, harsh-environment Gusto MSC CJ70 150A jack-up rigs built by Sembcorp Marine’s subsidiary Jurong Shipyard for North Atlantic Drilling, a subsidiary of Seadrill Limited – is poised to make rigbuilding history in Singapore as the nation’s largest jack-up newbuild following its turnkey construction success. Classed among […]

  • Hat-trick for Seadrill after third drillship deal this week

    19 July 2019
    Business & Finance, Exploration & Production

    Offshore drilling firm Seadrill Partners has won a one-year deal for the West Polaris drillship in Southern Asia.

  • Seadrill closer to Chapter 11 as agreement with creditors expires

    1 February 2021
    Business & Finance, Business Developments & Projects

    Forbearance agreements entered into by offshore drilling contractor Seadrill Limited with certain creditors in respect of the group’s senior secured credit facility agreements have now expired.

  • Seadrill sees rig dayrates improving in 2019-20

    27 November 2018
    Exploration & Production

    After a couple of years of negative sentiment in the offshore drilling industry caused by the low oil prices and the rig oversupply, things have started looking up for the sector.

  • ConocoPhillips cleared to use Seadrill rig on Eldfisk field

    7 January 2019
    Exploration & Production

    ConocoPhillips has received consent from the Norwegian Petroleum Safety Authority to use the West Elara drilling rig for production drilling on the Eldfisk field located offshore Norway. 

  • Seadrill eyes date for emergence from Chapter 11

    8 June 2018
    Business & Finance

    Seadrill Limited expects to emerge from the Chapter 11 process in the first half of July 2018. 

  • Court gives nod to Seadrill to continue paying wages

    14 September 2017

    Offshore driller Seadrill has informed that the court overseeing the Company’s chapter 11 restructuring proceedings has granted the relief requested by the Company in its key first-day motions related to ordinary course business activities. According to Seadrill, the approved motions give the Company the authority to, among other things, continue to pay employee wages and benefits without interruption, […]