1460 results found for 'seadrill'

1460 results found for 'seadrill'
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  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 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.

  • New Aasen Shipping bulker to feature Wärtsilä’s propulsion system

    21 November 2025
    Business Developments & Projects, Equipment, Technology, Vessels

    Finland-based technology group Wärtsilä has been selected to provide an integrated hybrid propulsion system for a bulk carrier currently under construction at the Dutch Royal Bodewes shipyard for Norwegian maritime transport company Aasen Shipping. According to officials from Wärtsilä, the 9,500 dwt bulker is the latest in a series of six such vessels to operate […]

  • 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.

  • 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 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 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 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 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 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 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 […]

  • 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 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 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.

  • 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” […]