1430 results found for 'seadrill'

1430 results found for 'seadrill'
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  • Seadrill Partners to slash dividend. Cites low rig rates, looming debt maturities

    22 January 2019
    Exploration & Production

    Seadrill Partners, an affiliate of offshore driller Seadrill, will reduce the quarterly distribution to its common unitholders from 10 cents per unit to 1 cent per unit. “The move reflects the slower than anticipated recovery in dayrates and the company’s desire to preserve liquidity ahead of debt maturities in the second half of 2020 and […]

  • Seadrill breaks off construction contract for semi-sub West Mira

    15 September 2015
    Business & Finance, Exploration & Production

    Offshore drilling contractor Seadrill Limited has notified Hyundai Heavy Industries Co Ltd. that it has exercised its right to cancel the contract for the construction of the West Mira, a sixth generation ultra-deepwater harsh environment semi-submersible drilling rig.  The rig was ordered during the second quarter of 2012 and the delivery date stated in the […]

  • Seadrill Sells Part of Its Stake in SapuraKencana for USD 200 Million (Malaysia)

    30 May 2012

    Seadrill, one of the world’s largest offshore drilling contractors, has sold 300 million shares in SapuraKencana Petroleum BHD (“SapuraKencana”). The proceeds from the transaction will be approximately US$200 million. SapuraKencana is the new entity formed by a merger of Kencana Petroleum Bhd and SapuraCrest Petroleum Berhad in Malaysia. According to the Borneo Post, the $3.8 […]

  • Seadrill Takeover Offer Too Low, Sevan Drilling Directors Say

    8 August 2013

    Sevan Drilling directors Kristian Johansen and Benedicte Schilberd Fasmer have issued a statement in which they advise the company’s shareholders not to accept the mandatory offer issued by Seadrill for the remaining shares of the company. Sevan Drilling, a Norway-based drilling contractor, admits that the price offered by Seadrill of NOK 3.95 per share represents a […]

  • Angola: Ultra-deepwater Drillship West Gemini Commences Operations for Total

    23 September 2010

    Seadrill’s new ultra-deepwater drillship West Gemini has commenced operations for Total in Angola. West Gemini, which was delivered from the Samsung Heavy Industries in South Korea end of June 2010, arrived offshore Angola in West Africa end of August and has since arrival prepared for start-up of operations. The drillship is chartered to Total under […]

  • Seadrill secures West Africa deal for West Gemini drillship

    18 July 2019
    Business & Finance, Exploration & Production

    Offshore drilling contractor Seadrill Limited has secured a contract for the West Gemini drillship in West Africa.

  • Norway: Seadrill Dispose of the Jack-up Rig West Larissa for US$55 Million

    14 October 2010
    Business & Finance

    Seadrill has entered into an agreement to sell the 1984 built jack-up drilling rig West Larissa to a buyer registered in Panama for a total consideration of US$55 million. Seadrill expects to record a gain on sale of approximately US$26 million in the fourth quarter 2010. Closing of the agreement and transfer of ownership of […]

  • West Sirius starts work

    25 July 2008

    Friday, July 25, 2008 Seadrill’s latest newbuild rig has commenced its six-year contract with Devon Energy in the US Gulf of Mexico after completing final acceptance tests. Norway’s Seadrill said the new semi-submersible which was delivered from the Jurong Shipyard in Singapore at the end of March underwent final commissioning and acceptance tests before commencing […]

  • Seadrill Orders New Drillship from Samsung Heavy (South Korea)

    24 September 2012
    Business & Finance

    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 […]

  • Sembcorp Marine’s subsidiary Jurong Shipyard has secured an order worth a total of US$450 million to build a harsh-environment jack-up rig from Seadrill.

    21 March 2011

    Scheduled for delivery in third quarter 2013, this new turnkey jack-up rig will have similar design and specification as the West Elara, a Gusto MSC CJ70 150A harsh-environment jack-up rig that Jurong Shipyard is currently building for Seadrill. On completion, this advanced harsh-environment, high-specification drilling unit will be one of the largest jack-ups in the […]

  • Seadrill left vulnerable due to lack of new agreement with lenders

    15 December 2020
    Business & Finance, Business Developments & Projects

    Forbearance agreements between Seadrill Limited and its creditors related to senior secured credit facility agreements and leasing arrangements have expired.

  • Seadrill Orders Two New Jack-Ups in China. Delivery in 2016.

    1 August 2013
    Business & Finance

    Seadrill Limited has entered into new contracts for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. 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 […]

  • FUELSAVE tech deployed on Seadrill drillship to cut emissions in decarbonisation push

    14 July 2021
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Technology, Transition, Vessels

    FUELSAVE will deploy its combustion conditioning tech to reduce primary fuel oil consumption and cut emissions following a contract with Seadrill.

  • Seadrill Adds New Ultra-Deepwater Drillship to Its Fleet, South Korea

    24 September 2012
    Business & Finance, Project & Tenders

    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 […]

  • Keppel FELS delivers third KFELS B Class jackup rig to Seadrill ahead of time

    16 September 2007

    Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the third KFELS B Class design jackup drilling rig to Seadrill Limited (Seadrill), within budget and ahead of time.

  • Kosmos wins dispute with Tullow arising from rig contract

    18 July 2018
    Exploration & Production

    U.S. oil company Kosmos Energy has won a dispute with Tullow regarding its share of the liability of costs related to the West Leo rig contract beyond October 1, 2016. Kosmos Energy’s subsidiary Kosmos Energy Ghana HC was successful in its arbitration against Tullow Ghana Limited in a dispute over responsibility for expenditures stemming from termination […]

  • Seadrill Secures Contract with ConocoPhillips for Newly Ordered Jackup Rig (Norway)

    21 March 2011
    Business & Finance

    Seadrill has entered into an agreement for the construction of a new jack-up drilling rig with Jurong shipyard in Singapore. The rig is scheduled to be completed at the end of the third quarter 2013 and total project price is estimated at US$530 million, which includes project management, drilling and handling tools, spares and capitalized […]

  • Seadrill Bags ‘West Jupiter’ Drillship Contract from Total

    2 June 2014
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    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. The contract is for a firm period of 5 years and has a total revenue potential for the primary contract term of approximately US$1.1 billion […]

  • Seadrill teams up with Gulf Drilling for Qatar Petroleum contract

    16 August 2019
    Business & Finance, Exploration & Production

    Seadrill Limited has entered into a joint venture with Gulf Drilling International (GDI) following a recent contract award to GDI by Qatar Petroleum.   Last May, Qatar Petroleum awarded contracts for a total of eight offshore jack-up drilling rigs required for the North Field Expansion (NFE) Project offshore Qatar. Contracts for six of the eight rigs […]

  • Vår Energi selects Seadrill rig for Balder Future drilling

    23 December 2019
    Exploration & Production

    Norwegian oil company Vår Energi has chartered Seadrill’s West Phoenix offshore drilling rig for operations at its Balder field in the North Sea, offshore Norway.

  • Seadrill to Offer $500 Mln Senior Notes Due 2020

    20 September 2013

    Seadrill Limited, a global offshore drilling contractor, announced today that it intends to offer US$500 million in aggregate principal amount of unsecured senior notes due 2020 (the “Notes”) in a private offering within the United States. The notes will be offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, […]

  • Seadrill to Build Four New UDW Drillships (South Korea)

    15 July 2013
    Business & Finance

    Seadrill Limited has entered into turnkey contracts to build four new ultra-deepwater drillships. Two drillships will be built at the DSME yard and the other two at the Samsung yard, in South Korea. The project value price is estimated to be below US$600 million per unit (including project management, drilling and handling tools, spares, capitalized […]

  • Seadrill Ups Its Stake in Asia Offshore Drilling Limited

    31 October 2012

    One of the largest drilling contractors in the world, Seadrill Limited, has increased its ownership in Asia Offshore Drilling Limited. The drilling contractor today bought additional 38,961 shares of Asia Offshore Drilling Limited at a price of NOK 28.71 per share (USD 5.0). Following the acquisition, Seadrill will be the owner of 26,341,368 shares in […]

  • Seadrill Secures Contracts for Three Ultra-Deepwater Units in GoM

    25 July 2012
    Business & Finance

    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 […]

  • Seadrill sells semi-submersibles for $1.7 bln in leaseback deal

    16 September 2008

    Norwegian drill rig group Seadrill is selling ultra-deepwater semi-submersible rigs West Hercules and West Taurus for $1.7 billion and simultaneously leasing back the units. Seadrill said it agreed the combined sale and leaseback deal with and Ship Finance International Limited, which involves a lease of the units for a 15 year period. The up front […]