1430 results found for 'seadrill'

1430 results found for 'seadrill'
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  • LLOG Hires Seadrill’s Newbuild Drillship

    17 April 2013

    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 […]

  • Statoil hires new Seadrill rig

    15 April 2010

    “We believe that the contract reflects a sustainable price level for this type of drilling rig,” says Anders Opedal, senior vice president for procurement in Statoil. “The contract also serves to strengthen further our cooperation with Seadrill.” Statoil is awarding a five-year contract to Seadrill for a newly built drilling rig for use on the […]

  • Seadrill JV lands 12-well job for drillship in Angola

    3 November 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Sonadrill, a 50:50 joint venture between Seadrill and Sonangol, has secured a 12-well extension in Angola for the Libongos drillship.

  • Seadrill sees increased contracting activity in deepwater market

    24 May 2019
    Exploration & Production

    Offshore drilling contractor Seadrill has posted a quarterly loss but says it sees improvement in deepwater drilling contracting activity. The company has also revealed it has secured more work for its rigs.

  • Seadrill makes two senior management changes

    18 December 2020
    Business & Finance, Business Developments & Projects

    Seadrill Limited has appointed Reid Warriner as Chief Operating Officer and Leif Neilson as Chief Technology Officer, effective immediately.

  • Seadrill drillship bags 10-well job in Angola

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

    Offshore drilling contractor Seadrill has announced a new contract has been secured by Sonadrill, Seadrill’s 50:50 joint venture with an affiliate of Angola’s Sonangol. Sonadrill has secured a 10-well contract with options for up to 8 additional wells in Angola for the West Gemini drillship, Seadrill revealed on Monday. The rig owner also said that […]

  • Seadrill rejects bribery case links

    19 October 2015
    Business & Finance, Exploration & Production

    Seadrill, an offshore drilling contractor with a stake in former Sevan Marine’s subsidiary Sevan Drilling, has denied its relation to a bribery case with Brazilian national oil company Petrobras. To remind, Sevan Marine on Friday said that some of its former employees might have been involved in a bribery case with Petrobras, adding it has decided to hand […]

  • Seadrill’s Rig Bound for Equatorial Guinea

    27 December 2011
    Business & Finance

    Seadrill has been issued a letter of award by Hess Equatorial Guinea, Inc. to enter into an eight well drilling contract offshore Equatorial Guinea for the semi-tender rig West Esperanza. The anticipated contract duration is a minimum of 18 months, with corresponding potential revenues of approximately $127 million plus mobilization fee. West Esperanza, which Seadrill […]

  • Seadrill Eyes Brazilian Business Expansion

    14 December 2011
    Business & Finance

    Seadrill, a Norwegian-Bermudan offshore drilling company with operations around the globe is thinking of expanding its product range with an ambition to offer a wider range of oilfield services in Brazil. It is the intention that such expansion could include a joint investment with SapuraCrest Petroleum Bhd, or SapuraCrest, which recently, through a wholly owned […]

  • Seadrill gets three rigs refinanced

    10 July 2014

    Seadrill Limited has received commitments from 17 banks for a US$1.35 billion credit facility with a 5 year term and 10 year amortization profile to refinance the credit facilities secured by the West Pegasus, West Gemini, and West Orion. The transaction was initially launched as a US$900 million facility secured by two ultra-deepwater units. However, […]

  • Seadrill Gets West Polaris Drillship

    30 December 2014
    Business & Finance, Equipment, Project & Tenders

    Seadrill Limited has exercised a purchase option for the West Polaris, a 6th generation Ultra-Deepwater drillship, from Ship Finance International. The West Polaris was acquired by Ship Finance in 2008 and subsequently bareboat chartered to Seadrill with purchase options starting in 2012. The purchase option price is US$456 million and total consideration payable to Ship […]

  • Seadrill Acquires ‘Songa Eclipse’ Rig

    16 November 2012
    Business & Finance

    A subsidiary of Seadrill has entered into an agreement with Songa Offshore to acquire the ultra-deepwater semi-submersible rig Songa Eclipse for a consideration of US$590 million. The rig was delivered from the Jurong Shipyard in Singapore in 2011, and is currently operating for Total offshore Angola on a fixed contract ending in December 2013. In […]

  • Prospector Offshore Sells One to Seadrill

    15 November 2013

    Seadrill Limited has entered into an agreement to acquire the company that owns the yard construction contract of the newbuild high specification jack-up rig Prospector 3 from Prospector Offshore for a total purchase price of $235 million. In addition, Seadrill will provide drilling and handling tools, spares and operations preparations resulting in a total cost […]

  • Seadrill fills board of directors seat

    22 April 2020
    Business & Finance, Business Developments & Projects

    Offshore drilling contractor Seadrill Limited has named a new member of the company’s board of directors.

  • Seadrill-Sonangol JV secures nine-well contract in Angola

    4 September 2019
    Business & Finance, Exploration & Production

    Sonadrill, Seadrill’s 50:50 joint venture with an affiliate of Sonangol, has secured a nine-well contract with six options, each for one well, in Angola for the Libongos drillship.

  • Seadrill makes a comeback on Oslo Stock Exchange

    17 November 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy

    After months of absence, Seadrill, an offshore drilling contractor, has returned to the Oslo Stock Exchange (OSE).

  • More bondholders support Seadrill’s restructuring

    26 February 2018

    Offshore driller Seadrill has managed to reach a global settlement with an ad hoc group of bondholders, the official committee of unsecured creditors, and other major creditors in its chapter 11 cases. According to Seadrill, some 70% of the company’s bondholders by principal amount have now signed an agreement to support Seadrill’s restructuring. To remind, the […]

  • Seadrill Partners Begins IPO Process

    15 October 2012

    Seadrill Partners, today announced that it has started an initial public offering of 8,750,000 common units, and, according to Reuters, the company plans to raise as much as $193 million. Seadrill Partners, a subsidiary of international drilling contractor Seadrill Limited, intends to grant the underwriters a 30-day over-allotment option to purchase up to 1,312,500 additional […]

  • Seadrill Completes Tender Rig Sale

    17 May 2013
    Business & Finance

      Seadrill Limited  has today completed the transaction to sell the T-15 tender rig to Seadrill Partners. The agreed upon sale is for a total price of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T-15. The balance of the total consideration is being financed with vendor […]

  • Seadrill to Drill Offshore Burma Again

    7 January 2011
    Business & Finance

    The Norwegian firm Seadrill will set up its ‘West Juno’ gas drilling rig in Burmese waters to undertake contract work for the Thai oil … by Thomas Maung Shwe (Mizzima) [mappress] Source:Mizzima News Agency, January 7, 2011;

  • Tullow terminates rig deal with Seadrill

    5 December 2016
    Exploration & Production

    Following a force majeure declared in October 2016, oil company Tullow Oil has terminated a drilling contract it had with Seadrill Partners for an offshore drilling rig in Ghana. Seadrill Partners, the offshore driller, said Friday it had received a notice of termination from Tullow Oil Ghana for the West Leo drilling contract on December 1, […]

  • Seadrill gets termination for drillship deal

    14 May 2020
    Business & Finance, Business Developments & Projects, Vessels

    Seadrill has been hit by early termination of a drilling contract for a drillship operating in Southeast Asia.

  • Seadrill drillship to work for Repsol off Aruba

    19 March 2018
    Business & Finance, Exploration & Production

    Drilling contractor Seadrill has been awarded a contract by Spanish oil company Repsol for an ultra-deepwater drillship.

  • Seadrill enters $958 million deal to acquire Aquadrill

    23 December 2022
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy

    Offshore drilling contractor Seadrill has entered into an agreement to acquire Aquadrill, formerly known as Seadrill Partners, in an all-stock transaction that values the UK firm at $958 million. Following completion, Seadrill shareholders and Aquadrill unitholders will respectively own 62 per cent and 38 per cent of the outstanding common shares in the company and Aquadrill […]

  • Rival drillers eye Seadrill assets amid restructuring efforts

    21 July 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Vessels

    Rival offshore drilling contractors are reportedly looking to buy the assets of bankrupt Seadrill Limited, controlled by John Fredriksen.