1460 results found for 'seadrill'

1460 results found for 'seadrill'
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  • Seadrill expects continued offshore drilling market recovery over rest of the year

    27 February 2020
    Business & Finance, Exploration & Production

    Seadrill has seen an improvement in the offshore drilling market throughout 2019. Although the pace of the recovery has slowed down at the beginning of 2020, Seadrill expects continued market recovery over the remainder of the year.

  • SapuraKencana Buys $2.9 Bln Worth of Tender Rigs from Seadrill

    11 February 2013

    Seadrill and SapuraKencana have today entered into a conditional sale and purchase agreement in relation to the proposed transaction. Malaysia’s SapuraKencana will acquire all the tender rigs in Seadrill’s fleet except for the West Vencedor, T15, and T16. These three rigs are either owned or planned to be owned by Seadrill Partners LLC. Seadrill will […]

  • Tullow Extends West Leo UDW Rig Contract

    17 January 2013
    Business & Finance

    Tullow plc has exercised its contractual option to extend the contract for the ultra-deepwater semi-submersible rig West Leo by two years from May 2016 to May 2018. The West Leo is expected to carry out operations in West Africa until the end of its contract in May 2018.  The potential contract revenue for the extension […]

  • 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.

  • US firm hits oil pay in Gulf of America with Seadrill rig

    20 August 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Houston-based energy player Talos Energy has made a new oil discovery in the Gulf of America, formerly the U.S. Gulf of Mexico, thanks to its drilling activities with a drillship owned by Seadrill, an offshore drilling contractor.

  • 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 […]

  • Seadrill promotes chief commercial officer to CEO role

    24 May 2017
    Business & Finance

    Offshore drilling contractor Seadrill has appointed a new chief executive officer of the company, effective July 1, 2017. Seadrill said on Wednesday that the company appointed Anton Dibowitz as the new chief executive office. Dibowitz, the current chief commercial officer and executive VP, will succeed Per Wullf who will remain a director of the company. […]

  • New CEO takes over from Jackson at Seadrill helm

    25 March 2022
    Business & Finance, Business Developments & Projects, Human Capital

    Following its exit from Chapter 11 bankruptcy last month, Seadrill has appointed a new President and Chief Executive Officer.

  • Seadrill asks creditors to write off $4.8 billion of debt

    5 April 2021
    Business & Finance, Business Developments & Projects

    Offshore drilling rig contractor Seadrill has asked creditors to write off more than 85 per cent of its debts in exchange for a 99 per cent stake in the reorganized company.

  • 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, 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 […]

  • 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;

  • 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 […]

  • 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. 

  • 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’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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]