1430 results found for 'seadrill'

1430 results found for 'seadrill'
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  • Seadrill Names New CEO. Management Agrees to Re-Locate (Norway)

    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 […]

  • Singapore: Keppel Delivers West Yaya SSDT Rig to Seadrill Ahead of Schedule

    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 […]

  • 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 […]

  • Singapore: Seadrill Delivers West Orion Semisub 10 days Ahead of Schedule

    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 […]

  • Bermuda: Seadrill Considers Reorganization of its Harsh Environment Activities

    14 February 2011
    Business & Finance

      Seadrill is currently evaluating the structure of the Company’s harsh environment activities which include the six drilling rigs contracted in the North Sea area. In order to maximize the value of Seadrill’s harsh environment operations, and to create a basis for further strengthening of this segment, the Company is currently evaluating the existing ownership […]

  • 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 […]

  • The Netherlands: Seadrill Chooses Dockwise for Transportation of its Rigs

    1 April 2011
    Business & Finance

      Dockwise Ltd., today announces that it has entered into a Master Service Agreement (MSA) with Seadrill Management AS to provide for the transportation requirements of all relevant rigs operated by the Seadrill group, including its subsidiaries. The MSA provides a framework for all future contracts, standardising and simplifying the booking processes, with associated efficiency […]

  • Seadrill’s 4Q starts with rig deals in U.S. and Malaysia

    27 November 2018

    Offshore drilling company Seadrill has scored one new rig contract and one extension since the start of the fourth quarter of 2018.

  • Further delay for Seadrill, NADL, Rosneft $4B deal

    1 June 2017
    Exploration & Production

    Oil company Rosneft, and offshore drillers Seadrill Limited and North Atlantic Drilling Limited (NADL) in 2014 signed a Framework Agreement that envisaged long-term cooperation in the sphere of oilfield development projects. Under the deal Rosneft was to acquire a 30 percent share in NADL in exchange for land drilling rigs and cash. Moreover, agreement’s options contemplated […]

  • Statoil hires Seadrill rig for work offshore Canada

    13 February 2017

    Seadrill Partners has secured a contract for one of its offshore drilling rigs with Statoil. According to the driller, the contract is for two wells plus a two well option for the West Aquarius rig with Statoil, offshore eastern Canada. The contract is expected to start in the second quarter of 2017 following the conclusion […]

  • Seadrill, Rosneft Deal Moves Ahead Despite Sanctions

    31 July 2014
    Business & Finance

    North Atlantic Drilling Ltd., a subsidiary of Seadrill, has announced that 6 binding offshore contracts have been executed with the Russian oil giant Rosneft Oil Company. The total revenue potential for the six contracts exclusive of mobilization is approximately USD 4.25 billion.   According to the agreement, any break rights expire after 100 days. The executed contracts include 5 year […]

  • Seadrill Places Mega-Order for New UDW Drillships

    15 July 2013

    Seadrill Limited (Seadrill) has entered into turnkey contracts to build four new ultra-deepwater drillships. Two drillships will be built at the Daewoo Shipbuilding & Marine Engineering (DSME) yard and the other two at the Samsung Heavy Industries shipyard, in South Korea. The project value price is estimated to be below US$600 million per unit (including […]

  • DSIC Offshore Bags Two Jack-Ups for Seadrill

    1 August 2013

    Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China has entered into new contracts for the construction of two high specification jack-up drilling rigs for Seadrill Limited. The newbuild rigs are scheduled for delivery during the second and third quarters of 2016, and the total project price per rig is approximately US$230 million (including project […]

  • LLOG to Deploy Seadrill’s Newbuild Drillship West Neptune

    17 April 2013
    Business & Finance, Project & Tenders

    Seadrill has signed a contract with LLOG Bluewater Holdings, LLC, for employment of the newbuild drillship, West Neptune, offshore Gulf of Mexico. The contract duration is a minimum of three years plus an option for a one-year extension at mutually agreed rates. The potential revenue for the primary contract term is approximately US$662 million. The […]

  • Seadrill Bags Contracts for Three Newbuild Drillships (USA)

    25 July 2012
    Business & Finance, Project & Tenders

    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 […]

  • Hibiscus on track to drill Anasuria well with Seadrill rig

    8 February 2018
    Business & Finance, Exploration & Production, Infrastructure

    Hibiscus Petroleum is preparing to drill a sidetrack well on the Anasuria field in the UK North Sea, following an award of a drilling contract to one of Seadrill’s semi-submersible rigs. 

  • BP terminates drilling rig contract with Seadrill Partners

    30 March 2015
    Exploration & Production

    British oil giant BP has terminated a contract for the West Sirius semi-submersible drilling rig, owned by Seadrill Partners. In a statement issued today, Seadrill said the termination would become effective by early May 2015, following the rig completing the current well and demobilization. The rig is operating in the U.S. Gulf of Mexico. Prior […]

  • Seadrill: 2Q profit falls. 2016 to be challenging too

    27 August 2015
    Business & Finance, Exploration & Production

    Seadrill, one of the world’s largest offshore drilling contractors, on Thursday reported its second quarter 2015 net income was $423 million. Net income fell when compared to $653 million earned in the second quarter of last year. Revenue was $1.15 billion in 2Q 2015, vs $1.22 billion in 2Q 2014. As there is a lack of […]

  • Tender Rig Business Sale Boosts Seadrill’s Profit

    28 August 2013
    Business & Finance

    Seadrill, one of the world’s largest offshore drilling contractors,  today announced  that its net income for the second quarter 2013 was US$1,750 million. To remind, for the same quarter 2012, Seadrill’s reported net income was $554 million. This year’s 2Q income was improved by a $1.25 billion gain on sale of tender rig business to Malaysia’s […]

  • Sevan Drilling Board: Seadrill’s Offer Too Low

    27 June 2013
    Business & Finance

    After it was earlier today announced that one of the world’s largest drilling contractors, Seadrill Limited, had acquired 50.1 % shares in its rival Sevan Drilling, and after the company revealed it intended to acquire all of the remaining share in Sevan, the Sevan board of directors responded negatively. In a statement issued today,  the […]

  • Seadrill’s Largest Stakeholder Tops Norway’s Rich List

    26 September 2011

    John Fredriksen, the owner of supertankers and oil rigs, remained the richest person in Norway this year after his wealth dropped …  By Meera Bhatia (Bloomberg) [mappress] Source:Bloomberg ,September 26, 2011;

  • USA: Seadrill Wins Contract for West Capricorn Rig

    7 October 2011
    Business & Finance

      Seadrill has entered into a Memorandum of Understanding with a major oil company for a five-year contract for operations in North America with the ultra-deepwater semi-submersible rig West Capricorn. The potential contract value for the firm five-year period is US$919 million, which includes a US$30 million mobilization fee. The oil company has the right […]

  • Bermuda: Seadrill Generates 3rd quarter 2010 EBITDA of US$560 million

    30 November 2010
    Business & Finance

    Seadrill reports third quarter 2010 results: Highlights * Seadrill generates third quarter 2010 EBITDA of US$560 million * Seadrill reports third quarter 2010 net income of US$358 million and earnings per share of US$0.85 * Two ultra-deepwater and one jack-up newbuilds commence operations * Seadrill completes acquisition of Scorpion Offshore Limited * Seadrill increases quarterly […]

  • Seadrill targets further savings after profit nose-dives

    26 May 2016
    Exploration & Production

    Deepwater drilling contractor Seadrill is eyeing further cash savings after posting a lower profit and revenues for the first quarter of 2016 due to lower dayrates for several of its drilling rigs.  During the quarter, Seadrill’s reported net income fell to $88 million, compared to $448 million in the first quarter 2015. Excluding non-recurring items and non-cash […]

  • USA: Seadrill Finalizes Sale of T-15 Tender Rig

    17 May 2013
    Business & Finance

    Seadrill Limited has today completed the previously announced transaction to sell the T-15 tender rig to Seadrill Partners. The agreed upon sale is for a total price of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T-15. The balance of the total consideration is being financed with […]