1460 results found for 'seadrill'

1460 results found for 'seadrill'
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  • 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 […]

  • 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.

  • 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 […]

  • 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 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 picks up two three-year jack-up extensions in Middle East

    31 December 2019
    Business & Finance, Exploration & Production

    Offshore drilling contractor Seadrill has secured a three-year contract for each of the AOD II and AOD III jack-up rigs.

  • 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 […]

  • 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 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 […]

  • 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.

  • Seadrill takes $1.2 billion impairment and moves to ditch NYSE listing

    2 June 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy

    Seadrill booked a huge loss in the first quarter of the year due to impairment charges amid a significant reduction in global oil demand.

  • 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 […]

  • Seadrill’s AOD jack-up gets three more years with Saudi Aramco

    29 December 2016
    Business & Finance, Exploration & Production

    Offshore drilling contractor Seadrill has received a three-year contract extension from Saudi Aramco for the jack-up AOD III, expiring in December 2019. Seadrill said on Thursday that the extension is in direct continuation of the current contract and will add approximately $112.5 million in contract backlog. This extension follows the three-year extensions of the AOD […]

  • 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 […]

  • 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 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, […]

  • Seadrill hit with early termination notice of rig contract by BP

    19 April 2019
    Exploration & Production

    Offshore drilling contractor Seadrill Partners has received early termination notice for the West Capricorn rig contract approximately three months ahead of schedule.

  • Rig litigation win boosts Seadrill Partners’ 2Q results

    22 August 2018
    Exploration & Production

    Offshore drilling company Seadrill Partners’ second-quarter revenues rose, boosted by a rig litigation win.

  • Seadrill Partners scoops $43 million deal for drillship in Malaysia

    11 May 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Infrastructure, Project & Tenders

    Offshore drilling contractor Seadrill Partners has secured a contract for one of its drillships with an undisclosed client in Malaysia.

  • Bermuda: Seadrill Wins Contract for Two Jack-Up Rigs

    9 August 2011
    Business & Finance

    Seadrill has been awarded two new contracts by KJO (AL-Khafji Joint Operations) in the joint development zone between the Kingdom of Saudi Arabia and Kuwait for the jack-up rigs West Triton and Offshore Resolute. The assignments which will commence in direct continuation of their current contracts in Southeast Asia are each for a firm period […]

  • Singapore: Seadrill Acquires the Jack-up Rig Petrojack IV

    30 November 2010
    Business & Finance

    Seadrill has  acquired the jack-up drilling rig Petrojack IV from Petrojack IV Pte. Ltd., Singapore. Petrojack IV was delivered from Jurong Shipyard, Singapore in January 2009 and is currently operating for PTTEP offshore Thailand under a long-term contract. Remaining contract period is 3.5 years, lasting until end second quarter 2014. The total purchase price for […]

  • Former Seadrill exec takes over CCO role at Valaris

    27 September 2022
    Business & Finance, Business Developments & Projects, Human Capital, Outlook & Strategy

    Offshore drilling contractor Valaris has welcomed a new Chief Commercial Officer (CCO) to its executive management committee.

  • Seadrill given notice of order following ‘West Hercules’ audit

    11 April 2019
    Exploration & Production

    The PSA has given a notice of order to Seadrill regarding its management of emergency preparedness, logistics, maintenance and the working environment on the West Hercules mobile drilling rig.

  • Norway: Seadrill Inks HoA for Potential Puchase of Songa Eclipse

    22 October 2012
    Business & Finance, Equipment

    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 […]