1460 results found for 'seadrill'

1460 results found for 'seadrill'
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  • South Korea: Seadrill Places Order for Sixth Drillship at SHI

    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 […]

  • 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 […]

  • Bermuda: Seadrill Launches up to US$650 Million Convertible Bond

    21 October 2010
    Business & Finance

    Seadrill Limited announces today that it intends to issue up to US$650 million in principal amount of convertible bonds with a seven-year tenor. This amount includes an increase option of up to US$100 million that has been granted to the joint bookrunners of the offering. The senior, unsecured bonds will be convertible into common shares […]

  • 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.

  • West Capricorn rig picks up MPD notation from ABS

    20 July 2018
    Exploration & Production

    ABS has issued the managed pressure drilling notation to Seadrill for the West Capricorn semi-submersible drilling rig.

  • 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 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).

  • Norway: AGR Signs 3 Year Inspection Agreement with Seadrill Offshore

    11 August 2010
    Business & Finance, Equipment

    AGR Field Operations has signed a 3 year agreement with Seadrill Offshore AS for the provision of inspection and surveys according to authority requirements. The agreement covers all of Seadrill’s rigs on the Norwegian Continental Shelf. AGR Field Operations will under this agreement provide services relating to Drilling Equipment, Lifting Equipment, Rope Access, Derrick Inspection, […]

  • 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

  • Bermuda: Seadrill Divests West Janus Jack-Up Rig

    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 […]

  • 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 […]

  • Bermuda: Seadrill Takes Delivery of New Deepwater Drillship -WEST GEMINI-

    30 June 2010

    Seadrill has taken delivery of the new deepwater drillship West Gemini from the Samsung Shipyard in South Korea. The unit was delivered on budget and one day ahead of original delivery schedule. The vessel will carry out a simulated drilling operation in Korean waters before relocation to Angola in West Africa to commence operations under […]

  • 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 Contracts Dalian Shipbuilding for Two Jackups, China

    5 March 2013

    Seadrill has exercised fixed price options for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The rigs are scheduled for delivery during the third and fourth quarter of 2015, and the estimated total project price is approximately US$230 million (including project management, capitalized […]

  • Seadrill takes delivery of ‘T-18’ tender rig

    13 March 2014

    China’s COSCO (Nantong) Shipyard Co. has delivered a tender rig T-18 to Seadrill. Seadrill, one of the world’s largest drilling contractors ordered the tender rig in May 2012. 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 three tender rigs Seadrill ordered […]

  • 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. 

  • 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, […]

  • 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. 

  • Seadrill Secures Contract for Newbuild Drillship ‘West Tellus’

    21 July 2013
    Business & Finance

    Seadrill Limited (Seadrill) has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron’s affiliated global exploration program. The contract commences in China immediately upon shipyard delivery and thereafter relocates to Liberia. The agreement is for a period of 180 days with revenue potential of approximately […]

  • 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 Increases Ownership in Asia Offshore Drilling Limited

    29 October 2012
    Business & Finance

    One of the world’s largest drilling contractors, Seadrill Limited has today acquired additional 611,449 shares of Asia Offshore Drilling Limited. The shares were acquired at a price of US$ 5.00 (NOK 28.71) per share. Following this acquisition, Seadrill will be the owner of 26,302,407 shares in the Company, corresponding to 65.76% of the total number […]

  • Bermuda: Seadrill Secures New Contracts for Jack-ups

    13 August 2010
    Business & Finance

    Seadrill’s majority owned subsidiary Scorpion Offshore Ltd. has received a binding Letter of Agreement for a two well firm plus two optional wells contract for Offshore Vigilant in Venezuela with Cardon IV S.A. Firm contract duration is estimated to 240 days with an option for extension of approximately 240 further days. Contract value for the […]

  • Chevron Thailand Hires Seadrill’s Tender Assist Rig

    4 May 2012
    Business & Finance

    Seadrill has received a Letter of Award for a five-year contract for the tender assist rig T18 by Chevron Thailand Exploration and Production Ltd. Commencement of operations is scheduled for the first quarter 2014, following the delivery to Chevron of tender assist rigs T15 and T16 during 2013. The estimated value of the five-year contract […]

  • Norway: Statoil Hires West Hercules Rig from Seadrill

    9 September 2011
    Business & Finance

    Statoil has signed a contract with North Atlantic Norway to hire the West Hercules rig which can be used for exploration and production drilling internationally and on the Norwegian continental shelf (NCS). Statoil has signed an agreement with North Atlantic Norway Ltd (Norwegian Branch), a company in the Seadrill group, for hire of the West […]