1444 results found for 'seadrill'

1444 results found for 'seadrill'
Order results by

A list of search results

  • 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 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 […]

  • Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off?

    13 May 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Transocean, Noble Corporation, Valaris, Seadrill, Shelf Drilling, and ADES have reported a combined total backlog of $31.17 billion in the first quarter of 2025.

  • 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 […]

  • Legal spat over rig contract breach nearing its end with Seadrill ordered to pay SFL $48 million

    5 February 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy

    A court order is bringing a legal battle over an alleged contract breach to a close by instructing Bermuda-headquartered offshore drilling contractor Seadrill to pay a multimillion-dollar compensation to the owner of a semi-submersible rig, which was hired under the contract that sparked the dispute between the duo.

  • 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 […]

  • 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 […]

  • 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 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 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 […]

  • 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 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 […]

  • 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 […]