1460 results found for 'seadrill'

1460 results found for 'seadrill'
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  • Seadrill Hires Fairstar for Rig Transportation from Trinidad to Vietnam

    16 May 2012
    Business & Finance

    Dutch Fairstar Heavy Transport N.V. (FAIR) has been awarded a new contract from Seadrill to transport the drilling rig Offshore Vigilant from Port of Spain, Trinidad to Vung Tau, Vietnam on Fairstar’s semi-submersible vessel FJELL. The contract value is USD 2.9 million. FJELL has just safely discharged two concrete power generating barges for the Chevron […]

  • 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 […]

  • 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 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 […]

  • 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 […]

  • 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 […]

  • West Bollsta rig given compliance award

    8 October 2020
    Authorities & Government, Regulation & Policy, Safety

    Following several audits, the Norwegian offshore safety watchdog has awarded an Acknowledgement of Compliance (AoC) for the West Bollsta drilling rig to offshore driller Seadrill.

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

    3 July 2007

    Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered a KFELS B Class design jackup drilling rig to Seadrill Management AS (Seadrill), within budget and ahead of time. This rig was named West Prospero by Lady Sponsor Mrs Jocelyn Pedregosa Shearer, wife of Mr Ian Shearer, […]

  • SFL – $210 million acquisition of a jack-up drilling rig

    11 January 2007

    Ship Finance International Limited (NYSE: SFL) (“Ship Finance” or the “Company”), today announced that it has entered into an agreement to acquire a newbuilding jack-up drilling rig currently under construction, the West Prospero (Seadrill 4), from a subsidiary of Seadrill Limited (“Seadrill”). The purchase price for the drilling rig is agreed to $210 million and […]

  • 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 […]

  • 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 […]

  • Singapore: Seadrill Takes Delivery of Sixth KFELS B Class Jackup Rig

    3 December 2010
    Business & Finance

    Keppel FELS Limited (Keppel FELS) has delivered the KFELS B Class jackup rig, West Juno, to Seadrill Jack-ups Limited (Seadrill) on time, within budget and with a perfect safety record. Mr Wong Kok Seng, Executive Director of Keppel FELS, said, “We are proud to have maintained an outstanding track record of quality deliveries to Seadrill […]

  • Seadrill closes sale of seven jack-up rigs in Saudi Arabia

    19 October 2022
    Business & Finance, Business Developments & Projects

    Offshore drilling contractor Seadrill has completed the sale of seven jack-up rigs to ADES in Saudi Arabia.

  • Seadrill Orders Another Semi-Tender Rig from Keppel, Singapore

    9 June 2011
    Business & Finance

      Keppel FELS Limited (Keppel FELS) has been awarded a US$142 million contract by Seadrill to build a repeat semisubmersible drilling tender (SSDT) based on the KFELS SSDTTM 3600E design. Scheduled for delivery in 2Q2013, this is the eighth drilling tender that Keppel will be building for Seadrill since the launch of the design in […]

  • 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 Enters into Contract for Newbuild Tender Rig Offshore Trinidad & Tobago

    22 December 2010
    Business & Finance

    Seadrill has entered into a conditional agreement with BP Trinidad and Tobago LLC for a firm two year contract plus further one year option period for the newbuild semi-tender West Jaya offshore Trinidad and Tobago. Contract value for the firm period is approximately US$140 million including a mobilization fee for the transit. In addition, BP […]

  • Seadrill Orders New Ultra-Deepwater Dual Derrick Drillship (South Korea)

    11 April 2011
    Business & Finance, Operations & Maintenance

    Seadrill has exercised an option to build a new ultra-deepwater dual derrick drillship at the Samsung yard in South Korea. Total project price is estimated at US$600 million (includes project management, drilling and handling tools, spares, capitalized interest and operations preparations). The delivery is scheduled for the third quarter 2013. The new unit is similar […]

  • South Korea: Seadrill Places Order for Two Ultra-Deepwater Drillships at Samsung

    27 February 2012

    Seadrill has in the last year seen a surge in long-term demand for tender rigs and modern ultra-deepwater drilling rigs. The growth in rig demand has been particularly strong in the US, East and West Africa regions. The company is of the opinion that the present and foreseeable developments represent a unique investment opportunity. In […]

  • Seadrill’s revenues down on idle rigs. Over 2,300 jobs cut

    25 February 2016
    Exploration & Production

    Offshore deepwater drilling contractor Seadrill has seen a boost in its income during the fourth quarter of 2015, but a drop in revenues both year over year, and sequentially due to idle rigs.  In the company’s fourth quarter 2015 results report on Thursday, Seadrill reported net income attributable to the parent of $285 million, compared […]

  • Seadrill Orders Four New UDW Drillships from South Korea

    15 July 2013
    Business & Finance, Project & Tenders

    Seadrill Limited (“Seadrill” or “the Company”) 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 […]

  • Seadrill Sells West Juno Jackup Rig to UK Buyer for USD 248 Million

    13 April 2011
    Business & Finance

      Seadrill has entered into an agreement to sell the newly built jack-up drilling rig West Juno to an undisclosed buyer incorporated in UK for a total consideration of US$248.5 million. Seadrill expects to record a gain on sale of approximately US$18 million on closing. Closing of the agreement and the transfer of ownership of […]

  • Statoil Extends Contract for Jack-Up Rig ‘West Epsilon’

    21 December 2012
    Business & Finance

    North Atlantic Drilling Ltd., a majority owned subsidiary of Seadrill Limited, announced today that Statoil has exercised its option to extend the contract for the heavy-duty harsh environment jack-up rig West Epsilon by two years from December 2014 to December 2016. The estimated value of the contract extension is US$215 million. Seadrill Limited operates a […]

  • Norway: Seadrill Orders New Ultra Deepwater Drillship from SHI

    11 April 2011

    Seadrill has exercised an option to build a new ultra-deepwater dual derrick drillship at the Samsung yard in South Korea. Total project price is estimated at US$600 million (includes project management, drilling and handling tools, spares, capitalized interest and operations preparations). The delivery is scheduled for the third quarter 2013. The new unit is similar […]

  • Chevron Hires Seadrill’s West Tellus to Work in China

    22 July 2013
    Business & Finance, Project & Tenders

    Seadrill Limited has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron’s affiliated global exploration program. The contract commences in China immediately upon shipyard delivery and thereafter relocates to Liberia. The agreement is for a period of 180 days with revenue potential of approximately US$150 […]