1444 results found for 'seadrill'

1444 results found for 'seadrill'
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  • 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 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 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 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 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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.

  • 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 […]

  • 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 […]

  • 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.

  • 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 […]

  • 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.