1430 results found for 'seadrill'

1430 results found for 'seadrill'
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  • Seadrill Limited Sells T-16 Tender Rig to Seadrill Partners

    14 October 2013
    Business & Finance

    Seadrill Limited has entered into an agreement to sell the company that owns the tender rig T-16 to Seadrill Partners LLC for a total purchase price of US$200 million, less approximately US$93 million of debt outstanding under the credit facility secured by the T-16. Seadrill Partners will acquire the company that owns the T-16 in […]

  • New milestone for Seadrill rig

    20 September 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Seadrill has tucked a new milestone under its belt, thanks to the installation of a controlled mud level (CML) system on one of its rigs.

  • Seadrill takes action to insulate Seadrill Partners from restructuring

    17 August 2017
    Business & Finance, Exploration & Production

    Indebted offshore driller Seadrill Limited has made changes to its credit facilities to insulate Seadrill Partners, a limited liability company formed by Seadrill Limited to own drilling rigs, from its restructuring. Seadrill Limited informed on Thursday it has completed amendments to three secured credit facilities that relate to rigs bought by Seadrill Partners from the company […]

  • Seadrill Limited sells West Auriga drillship to Seadrill Partners

    12 March 2014
    Business & Finance

    Seadrill Limited announced today that it has entered into an agreement with Seadrill Partners pursuant to which the Company will sell to Seadrill Capricorn Holdings LLC, Seadrill Partners’ 51% owned subsidiary, all of the ownership interests in the entities that own and operate the drillship, the West Auriga. The Company owns the remaining 49% interest […]

  • Seadrill Increases Ownership in AOD

    27 November 2012
    Business & Finance

    Seadrill, an international offshore drilling contractor, has today acquired additional 1,127 shares of Asia Offshore Drilling Limited (AOD). The shares were acquired at price NOK 28.70 per share. Following this acquisition, Seadrill will be the owner of 26,377,643 shares in the Company, corresponding to 65.94% of the total number of outstanding shares in the Company. […]

  • Seadrill sheds SapuraKencana stake

    28 April 2016

    Offshore drilling contractor Seadrill has sold its remaining stake of approximately 490 million shares in SapuraKencana, an oilfield services company based in Malaysia.  Seadrill said on Wednesday it has sold its 8.2 percent stake in the Malaysian company for approximately $195 million. The offshore drilling contractor noted that the proceeds from the share sale would provide additional […]

  • Seadrill elects new director

    15 January 2015
    Business & Finance

    The Board of Seadrill Limited has announced that Dr. Charles Woodburn has been appointed as a Director of the Company. Dr. Woodburn has been the Chief Executive Officer of Expro Group since 2010. Previously, he spent 15 years with Schlumberger where he held many senior management roles, including President of Wireline. More recently, he was […]

  • Seadrill Limited Sells West Auriga Drillship to Seadrill Partners LLC

    12 March 2014
    Business & Finance

    Seadrill Limited reached an agreement with Seadrill Partners to which the Company will sell all of the ownership interests in the entities that own and operate the West Auriga drillship. The Auriga Acquisition, which is expected to close within 30 days, will be accomplished through a series of purchases, contributions and assumptions of debt and […]

  • Seadrill, Sonangol create JV company Sonadrill in Angola

    6 February 2019
    Exploration & Production

    Oslo-listed offshore drilling company Seadrill has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.

  • Seadrill adjusts credit facility

    15 August 2017
    Business & Finance

    Cash-strapped offshore driller Seadrill has amended the term credit facility provided to its subsidiary Seadrill Eminence Ltd. to mature on September 14, 2017, thus getting more time for restructuring plan talks with its banks.  The driller, which has been in talks with creditors for months, said on Tuesday that the amendment was implemented by way […]

  • Seadrill Increases Ownership in AOD

    26 March 2013

    Seadrill Limited has today acquired additional 2,488 shares of Asia Offshore Drilling Limited. The shares were acquired at the price of NOK 28.70 per share. Following this acquisition, Seadrill will be the owner of 39,709,313 shares in the Company, corresponding to 66.18% of the total number of outstanding shares in the Company. [mappress] Press Release, […]

  • Seadrill Ups Stake in AOD

    29 November 2012

    Seadrill yesterday bought additional 1,887 shares of Asia Offshore Drilling Limited (AOD) at a price of NOK 28.70 per share. The international offshore drilling contractor now owns 26,379,530 shares in the Company, corresponding to 65.95% of the total number of outstanding shares in the Company. Seadrill is working to acquire all of the remaining shares of […]

  • Seadrill Lands Massive Deal

    2 June 2014
    Business & Finance

    Seadrill Limited (Seadrill) 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 $1.1 […]

  • Seadrill names Executive VP

    2 June 2016
    Business & Finance

    Offshore drilling contractor Seadrill has appointed Anton Dibowitz as Executive Vice President of Seadrill Management. He will continue to report to CEO, Per Wullf. Seadrill said on Thursday that, in addition to his ongoing role as Chief Commercial Officer, in this new appointment, Dibowitz will take on additional responsibility for day-to-day business administration. Per Wullf, […]

  • Seadrill defers drillship deliveries

    15 January 2016
    Exploration & Production

    Offshore drilling contractor Seadrill Ltd has reached an agreement with Daewoo Shipbuilding Marine Enigneering (DSME) to defer the delivery of two ultra-deepwater drillships. According to the new schedule, the West Aquila and West Libra drillships will now ne delivered in the second quarter of 2018 and first quarter of 2019 respectively. Under the terms of the original construction […]

  • Seadrill JV lands 12-well drillship contract in Angola

    14 May 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    A new, twelve-well drillship contract has been awarded to a joint venture between Seadrill Limited and Angola’s oil and gas player Sonangol.

  • Seadrill emerges from bankruptcy

    3 July 2018
    Business & Finance

    Offshore driller Seadrill Limited has emerged from Chapter 11 after successfully completing its reorganization pursuant to its chapter 11 plan of reorganization.

  • SapuraKencana Merges Its Tender Rig Business with Seadrill

    6 November 2012
    Business & Finance

    SapuraKencana Petroleum Berhad and Seadrill Limited are pleased to announce that they have entered into a non binding memorandum of understanding (“MOU”) to combine and integrate both companies’ tender rig businesses. The two companies including their predecessor companies have operated part of their tender rigs businesses together successfully in the joint venture Varia Perdana Sdn […]

  • Seadrill chairman steps down

    31 May 2021
    Business & Finance, Business Developments & Projects

    Seadrill Limited’s chairman will be stepping down from the board with immediate effect, having been chairman since 2019.

  • Seadrill Partners Expands BoD

    30 January 2013

    Seadrill Partners LLC  announced today that  Bart Veldhuizen has been appointed to its board of directors. Veldhuizen will also serve on the conflicts committee of Seadrill Partners. Veldhuizen has worked in the shipping industry since 1994, on both the banking and non-banking side, most recently as the Managing Director & Head of Shipping of Lloyds […]

  • Seadrill rigs secure more Gulf of Mexico work

    26 April 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Offshore drilling contractor Seadrill has secured new contract awards for two of its rigs with a total value of $105 million.

  • Seadrill on track for Chapter 11 emergence

    6 September 2021
    Business & Finance, Business Developments & Projects

    Seadrill Limited is on track for Chapter 11 emergence following court approval of its disclosure statement for the reorganization plan.

  • Bermuda: Seadrill Nets Hat-Trick

    6 February 2012
    Business & Finance

    A Norwegian-Bermudan drilling contractor, Seadrill, has secured new contracts for the three jack-up rigs Offshore Mischief, Offshore Defender, and West Leda. The aggregated revenue potential is estimated at US$311 million inclusive of mobilization fees and assignment specific rig modifications. Offshore Mischief has been awarded contract by Equion Energia Limited in Colombia. The assignment is for […]

  • Seadrill Partners welcomes new director

    26 June 2015
    Business & Finance, Exploration & Production

    Seadrill Partners LLC, a London-based company formed by Seadrill Limited to own, operate and acquire offshore drilling rigs, has appointed Andrew Cumming to its board of directors. The company says that Cumming will also serve on the conflicts committee of Seadrill Partners. As said in the statement, Cumming has almost 40 years’ experience in banking and risk […]

  • Seadrill sells West Vela drillship

    4 November 2014
    Business & Finance

    Seadrill Limited has entered into an agreement with Seadrill Partners according to which the company will sell to Seadrill Capricorn Holdings LLC, Seadrill Partners’ 51% owned subsidiary, all of the ownership interests in the entities that own and operate the drillship, the West Vela. Seadrill Limited says that the Vela acquisition, which is expected to […]