1430 results found for 'seadrill'

1430 results found for 'seadrill'
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  • Bermuda: Two Executive Officers Quit Scorpion Offshore

    9 July 2010

    Effective immediately, two of Scorpion Offshore Ltd.’s executive officers have tendered their resignations. Jon C. Cole – President and CEO, Mark L. Mey – Sr. Vice President and CFO are no longer with Scorpion. The resignations are in connection with the pending mandatory offer issued by Seadrill to acquire the shares of Scorpion. Today, the […]

  • Seadrill, Pemex sign 5 rig deals worth $1.8B

    19 February 2014
    Business & Finance

     Seadrill has signed drilling contracts with Pemex for the jack-up drilling units West Oberon, West Intrepid, West Defender and West Courageous. The fifth contract for the recently acquired jack-up drilling unit, Prospector 3, renamed West Titania, is being processed for approval by Pemex and finalization is expected to take place second quarter 2014. Each contract […]

  • COSCO Delivers T-15 Tender Rig to Seadrill (Norway)

    26 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 Buys 100 More Shares of Asia Offshore Drilling

    24 April 2013

    Seadrill Limited, one of the world’s biggest offshore drilling contractors, has today acquired additional 100 shares of Asia Offshore Drilling Limited . The shares were acquired at price NOK28.70 per share. Following this acquisition, Seadrill will be the owner of 39,739,647 shares in the Company, corresponding to 66.23% of the total number of outstanding shares […]

  • 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 […]

  • Total hires Seadrill’s ‘West Jupiter’ drillship for Egina field

    2 June 2014
    Business & Finance

    Seadrill Limited has secured a contract with Total Upstream Nigeria Ltd for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria.

  • Seadrill earns $165 M selling part of SapuraKencana shares

    9 April 2014
    Business & Finance

    Seadrill Limited has sold 230 million shares of SapuraKencana raising approximately $300 million in proceeds. The total economic gain realized from this sale is approximately $165 million. Following the completion of this transaction Seadrill will continue to own approximately 490 million shares, representing an approximate 8% ownership stake in SapuraKencana. Tor Olav Trøim will continue […]

  • ExxonMobil kicks off drilling ops in Brazil with Seadrill drillship

    21 February 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Environment, Exploration & Production, Outlook & Strategy, Regulation & Policy, Rules & Regulation

    ExxonMobil has started drilling an exploration well on the Cutthroat prospect, located in the Sergipe-Alagoas Basin off Brazil.

  • Seadrill grabs multi-well contract for West Carina drillship

    27 November 2019
    Business & Finance, Exploration & Production

    Offshore drilling company Seadrill has won a contract for its West Carina drillship with Thai PTTEP.

  • Seadrill bags six-well deal offshore Ivory Coast

    16 January 2019
    Business & Finance, Exploration & Production

    Offshore drilling contractor Seadrill Partners has secured a six-well contract with three option wells offshore Cote d’Ivoire. 

  • New Contract for Seadrill’s Jack-Up Rig ‘West Freedom’

    11 July 2013
    Business & Finance

    Seadrill Limited has secured a new contract for the LT-Super 116E jack-up rig West Freedom offshore Venezuela with Cardon IV Venezuela, an ENI SpA and REPSOL joint venture. The contract is for a firm period of 30 months plus an option for a 6 month extension at mutually agreed rates. The potential revenue for the […]

  • South Korea: Seadrill Orders Two Drillships from Samsung

    27 February 2012
    Business & Finance

    Seadrill has entered into turnkey contracts to build two new ultra-deepwater drillships at Samsung in South Korea. The construction of the drillships is scheduled for completion in the second and third quarter 2014. Total project price per drillship is estimated to be under US$600 million, which includes a turnkey contract with the yard, project management, […]

  • Seadrill posts $206M 2Q loss. Long-term work dayrates improving

    20 August 2019
    Exploration & Production

    Offshore drilling contractor Seadrill posted a net loss of $206 million in the second quarter of 2019, compared to a net loss of $432 million in the second quarter of 2018.

  • Norway: Seadrill Posts Q2 Net Income of USD 645 Million

    25 August 2011
    Business & Finance

    Seadrill today reported consolidated revenues for the second quarter 2011 of US$995 million compared to US$1,110 million for the first quarter 2011. The reduction is due to de-consolidation of Archer Limited from end of February. Highlights Seadrill generates second quarter 2011 EBITDA of US$579 million Seadrill reports second quarter 2011 net income of US$645 million […]

  • West Elara: Singapore’s 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 the […]

  • Norway: Seadrill, Songa Offshore Enter HoA for Potential Purchase of ‘Songa Eclipse’

    22 October 2012
    Business & Finance

    Seadrill has entered into a Heads of Agreement (“HoA”) with Songa Offshore SE for a potential purchase of the ultra deepwater semi-submersible rig “Songa Eclipse”. The HoA has certain subjects, hereunder board approval from Seadrill and Songa. A key element in the HoA is that Seadrill is granted exclusivity up to 15 November 2012 to […]

  • Seadrill shares hit rock bottom ahead of Chapter 11

    24 August 2017
    Business & Finance, Exploration & Production

    Offshore driller Seadrill saw its share prices touch an all time low following the release of the company’s second quarter report. The shares fell below NOK 2,00 on Thursday morning, with some trades made at below 1,79 NOK a share, a giant drop from the 2013 heydays when the share was at an all time […]

  • Seadrill Orders Semi-Sub Drilling Rig in South Korea

    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 […]

  • Tullow won’t appeal lost rig case. Pays up $248M

    18 July 2018
    Exploration & Production

    Oil company Tullow has paid drilling contractor Seadrill Partners a $248 million fee related to the recent court ruling regarding the rig contract termination case.

  • Seadrill Orders Two Jack-Up Rigs from DSIC Offshore (China)

    1 February 2013
    Business & Finance

    Seadrill has entered into an agreement for the construction of two high specification jack-up drilling rigs with Dalian Shipbuilding Industry Offshore Inc. (DSIC Offshore) in China. The new units are scheduled for delivery during the first and second quarter 2015, and the estimated total project price is approximately US$230 million (including project management, capitalized interest, […]

  • Strong Demand for UDW Drillships Spurs Seadrill to Order One More from SHI (South Korea)

    30 April 2012
    Business & Finance

    Seadrill continues to see strong demand for modern ultra-deepwater (UDW) 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 […]

  • NADL, Seadrill to Boost Harsh Environment Business through Strategic Partnership

    15 August 2013

    North Atlantic Drilling Ltd.  and Seadrill Limited  announced in their first quarter 2013 reports that the companies were actively engaged in discussions with potential strategic partners in order to strengthen NADL’s position in harsh environment areas. The basis for the establishment of NADL in 2011 was to carve out a premium specialist operator with a superior […]

  • China: DSIC Offshore to Build Two Jack-Up Rigs for Seadrill

    5 March 2013
    Business & Finance

    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 […]

  • South Korea: Samsung Yard Bags $ 600 Mln UDW Drillship Order

    24 September 2012

    Seadrill has entered into a turnkey contract to build a new ultra-deepwater drillship at the Samsung yard in South Korea. The project value price is estimated to be around US$600 million (including project management, drilling and handling tools, spares, capitalized interest and operations preparations) with tail-heavy payment terms payable upon delivery, which is scheduled within […]

  • Singapore: Jurong Shipyard, Seadrill Hold Double Naming Ceremony for 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 […]