1430 results found for 'seadrill'

1430 results found for 'seadrill'
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  • USA: Seadrill Enters Sale Agreement for Tender Rig T15

    8 May 2013
    Business & Finance

    Seadrill Limited has entered into an agreement to sell the companies that own and operate the tender rig T15 to Seadrill Partners LLC for a total consideration of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T15. The balance of the acquisition price will be financed with […]

  • 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 […]

  • 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 […]

  • Seadrill Announces 4Q 2010 and Full Year 2010 Preliminary Results (Bermuda)

    24 February 2011
    Business & Finance

      Seadrill reports fourth quarter and preliminary 2010 results: Highlights Seadrill generates fourth quarter 2010 EBITDA of US$618 million Seadrill reports fourth quarter 2010 net income of US$268 million and earnings per share of US$0.61 after adverse accounting impact of US$145 million (US$0.35 per share) linked to the successful early conversion of the Company’s convertible […]

  • Seadrill Receives LoI for Semi-Sub Rig Operations Off West Africa

    30 April 2012
    Business & Finance

    Seadrill has received a letter of award for a new three year contract for a semi-submersible for operations offshore West Africa with a reputable oil company, contract starting second quarter 2013. The total potential contract revenue based on 97% utilisation is estimated to approximately USD 710 millions and includes a performance bonus arrangement. The letter […]

  • Statoil gears up for Brazilian drilling campaign

    16 February 2018
    Exploration & Production

    Norwegian energy giant Statoil is about to start drilling on the Carcará discovery offshore Brazil, using a Seadrill-owned drillship.  According to information obtained by Offshore Energy Today from a Statoil spokesperson, the Norwegian company is about to start a drill stem test on the Carcará discovery and then drill the Guanxuma prospect in BM-S-8 license in the Santos […]

  • SFL – Ship Finance and Seadrill in USD 210 million rig transaction

    3 July 2006

    Ship Finance International Limited (“Ship Finance”) is pleased to advise the purchase of the 2006 built jack up drilling rig Seadrill 3 for a purchase price of USD 210 million. The rig is chartered back to the seller Seadrill III Limited for a period of 15 years. The parent company Seadrill Limited has guaranteed the […]

  • Norwegian-owned Seadrill wins contract to drill for oil off China

    18 January 2007

    Norwegian-owned Seadrill Ltd. said Wednesday it won a US$580 million (ğ446 million), three-year contract for an offshore drilling rig to be used off China by a subsidiary of Husky Energy Inc.

  • Norway: West Navigator Drillship Stays with Shell until Mid-2014

    20 January 2012
    Business & Finance

    North Atlantic Drilling has been awarded an 18 month contract extension for the drillship West Navigator by A/S Norske Shell. This contract extension will secure employment for West Navigator until end of June 2014. The estimated revenue value for the contract extension is US$320 million. Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS […]

  • Bermuda: Seadrill Wins Long-Term Contracts 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 […]

  • With offshore drilling industry making strides, Seadrill rig fleet positioned for ‘growth and enhanced performance’

    5 April 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders

    Seadrill has tucked “excellent” operational and strong financial performance under its belt during 2022 while expanding its rig fleet.

  • Seadrill scores extension for West Vela drillship from BP

    16 October 2020
    Business & Finance, Business Developments & Projects

    Oil major BP has awarded a new contract for Seadrill Partners’ West Vela drillship for work in the U.S. part of the Gulf of Mexico.

  • BPC picks Stena instead of Seadrill for Bahamas drilling contract

    26 May 2020
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Bahamas Petroleum has signed a drilling contract with Stena Drilling for the provision of a rig for its Perseverance #1 well, located offshore The Bahamas, thereby ditching its previous plans to use a Seadrill-owned rig.

  • Nature Group signs a three year contract with Seadrill, Brazil

    12 February 2014
    Business & Finance, Equipment

    Nature Group PLC announced a new three year contract for its Compact Treatment Units. Nature has been contracted by Seadrill to support the processing of liquid waste generated on its drilling rigs offshore Brazil. Seadrill currently operates three rigs in Brazil, between which the units will be shared. In addition to a “Compact Treatment Unit” […]

  • Seadrill Orders Two New Jack-Up Rigs in China

    5 March 2013

    Seadrill, an international offshore drilling contractor, 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 […]

  • Seadrill names energy industry veteran as chief financial officer

    7 June 2019
    Business & Finance

    Offshore drilling contractor Seadrill has named a new chief financial officer (CFO) of the company.

  • Seadrill’s reorganization plan gets full support from creditors

    9 April 2018
    Business & Finance

    Offshore driller Seadrill has obtained full support from its creditors for the reorganization plan aimed at reducing its massive debt. 

  • Seadrill taps Semco Maritime to prepare rig for Lundin gig

    24 January 2020
    Business & Finance, Exploration & Production

    Semco Maritime has been awarded a contract by Seadrill for preparation and modification of the West Bollsta prior to starting its ten-well contract with Lundin on the Norwegian Continental Shelf in 2Q 2020.

  • Seadrill orders new ultra-deepwater drillship for delivery in 2013

    12 April 2011

    Seadrill has exercised an option to build a new ultra-deepwater dual derrick drillship at Samsung Heavy Industries in South Korea. Total project price is estimated at US$600 million and the delivery is scheduled for the third quarter 2013.

  • Seadrill announces successful delivery of the deepwater drillship West Gemini

    2 July 2010

    Seadrill has taken delivery of the new deepwater drillship West Gemini from the Samsung Shipyard in South Korea. The unit was delivered on budget and one day ahead of original delivery schedule. The vessel will carry out a simulated drilling operation in Korean waters before relocation to Angola in West Africa to commence operations under […]

  • Seadrill Orders New Ultra-Deepwater Drillship from SHI (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 […]

  • LLOG Hires West Neptune Drillship for $662 Mln (USA)

    17 April 2013
    Business & Finance

    Seadrill has signed a contract with LLOG Bluewater Holdings, LLC, for employment of the new-build drill-ship, 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 […]

  • Norway: Seadrill Announces 3Q Net Income of USD 58 Million

    30 November 2011
    Business & Finance

    Seadrill, a Norwegian-Bermudan offshore drilling company with operations around the globe today announced its third quarter 2011 net income of US$58 million. Consolidated revenues for the third quarter of 2011 amounted to US$1,029 million as compared to US$995 million in the second quarter. Operating profit for the quarter was US$480 million, up from US$430 million […]

  • Bermuda Based Seadrill Buys Ownership Stake in Asia Offshore Limited

    1 July 2011
    Business & Finance

    Seadrill has participated in a private placement in Asia Offshore Drilling Limited and has been allocated shares for US$54 million which corresponds to a 33.75 percent ownership stake. Asia Offshore Drilling was established by Mermaid Maritime Public Company Limited in late 2010 when two MOD-V B Class jack-up rigs where ordered at Keppel FELS in […]

  • Seadrill: Private Placement in North Atlantic Drilling Ltd Completed (Norway)

    16 February 2011
    Business & Finance

      North Atlantic Drilling Ltd. (“NADL” or the “Company”) has completed the first tranche and closed the order book in the private placement of 250,000,000 new ordinary shares of US$1.00 par value at a subscription price of US$1.70, raising US$425,000,000 in gross proceeds to the Company (the “Private Placement”). The Private Placement was closed on […]