1442 results found for 'seadrill'

1442 results found for 'seadrill'
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  • 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, […]

  • 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 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 […]

  • Seadrill to bag $549 million for Petrobras contracts in Brazil

    26 November 2021
    Business & Finance, Exploration & Production, Operations & Maintenance, Project & Tenders

    Seadrill has been awarded two contracts worth $549 million by Petrobras for the work on the Búzios field offshore Brazil.

  • 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.

  • Seadrill positions for future with key executive changes

    27 May 2021
    Business & Finance, Business Developments & Projects

    Offshore drilling contractor Seadrill Limited has elected a new CFO and a new COO as well as a new director to its board.

  • Petrobras books third Seadrill drillship for Brazilian field

    13 December 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Seadrill has secured a contract with Brazil’s oil and gas giant Petrobras for work in the Búzios field offshore Brazil.

  • Seadrill elects new CEO as Dibowitz exits

    1 October 2020
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    Offshore drilling contractor Seadrill Limited has appointed Stuart Jackson as its new Chief Executive Officer (CEO).

  • Seadrill rigs rake in $361 million in extension deals

    23 June 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Seadrill has won contract extensions with a total value of approximately $361 million in aggregate for three jack-up rigs in the Middle East.

  • Seadrill selects Maersk Training for Well Control

    9 June 2015
    Business & Finance

    Seadrill, one of the largest drilling companies in the world, has selected Maersk Training to deliver its Well Control training globally under the accreditation of The International Well Control Forum (IWCF). According to the press release, the agreement will cover more than 2,000 assistant drillers, drillers, toolpushers, installation managers, derrickmen and subsea engineers when they […]

  • SapuraKencana, Seadrill to Merge Tender Rig Businesses

    5 November 2012
    Business & Finance

    SapuraKencana Petroleum Berhad and Seadrill Limited 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 Bhd and Tioman Drilling Company Sdn Bhd […]

  • Almost there – Seadrill heading for bankruptcy exit

    22 February 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Outlook & Strategy

    Offshore drilling contractor Seadrill has revealed a timeline for its expected emergence from the Chapter 11 bankruptcy.

  • Seadrill gets NYSE listing warning

    9 April 2020
    Business & Finance, Business Developments & Projects, Regulation & Policy

    Offshore drilling contractor Seadrill Limited has been given a continued listing standard notice from the New York Stock Exchange.

  • Seadrill makes headway with restructuring plans

    24 May 2017
    Business & Finance, Exploration & Production

    Offshore driller Seadrill has said it has made progress with its restructuring plans which may involve Chapter 11 solution. In April, the company reached an agreement with its bank group to extend the comprehensive restructuring plan negotiating period until July 31, 2017, reflecting significant progress on the terms of such restructuring made with the bank group, […]

  • Seadrill rids itself of Archer guarantees

    26 April 2017

    Offshore driller Seadrill has closed a deal with oilfield services firm Archer to extinguish $253 million in financial guarantees provided by Seadrill. The scrapping of the guarantees comes in exchange for a cash payment of approximately $25 million. Seadrill said on Wednesday it remained in “constructive discussions” with Archer and its lenders to extinguish the […]

  • Seadrill makes Board of Directors changes

    27 October 2014
    Business & Finance

    Seadrill Limited announces that Carl Erik Steen has resigned from the Board of Directors with immediate effect.  The Board of Directors has appointed Mr. Ørjan Svanevik to fill the vacant position and he will join the Board today. Mr. Svanevik is an employee of the Seatankers Group. He was previously Managing Director for the investment […]

  • Seadrill 3Q net income at $315M

    25 February 2014

    Seadrill has reported that its consolidated revenues for the third quarter of 2013 were US$1,280 million compared to $1,268 million in the second quarter of  2013. The increase is primarily due to the inclusion of Sevan Drilling and jack-up rigs AOD II and West Tucana, and tender rigs T-15 and T-16 entering the fleet, offset […]

  • Seadrill sells drillship West Polaris

    17 June 2015
    Business & Finance

    Seadrill Limited has entered into an agreement with Seadrill Operating LP, a subsidiary of Seadrill Partners LLC, pursuant to which Seadrill Operating will acquire all of the shares of Seadrill Polaris Ltd., the entity that owns and operates the drillship, the West Polaris from Seadrill. The Polaris Acquisition is expected to close within 7 days. […]

  • Rosneft Eyes Controlling Stake in Seadrill

    25 May 2014
    Business & Finance

    Rosneft, Seadrill Limited and its subsidiary North Atlantic Drilling Ltd. signed an Investment and Cooperation Agreement lasting until at least 2022 at the 18th St. Petersburg International Economic Forum. The signing ceremony was led by Vladimir Putin, the President of Russian Federation. The agreement envisages Rosneft acquiring a significant stake in North Atlantic Drilling Ltd., with […]

  • Seadrill tasked with addressing nonconformities on jack-up rig

    6 December 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Equipment, Exploration & Production, Operations & Maintenance, Project & Tenders, Regulation & Policy, Rules & Regulation, Safety

    Norwegian offshore safety regulator has carried out an audit of maintenance management on one of Seadrill’s jack-up rigs.

  • Tata to maintain digital operations on Seadrill’s offshore rigs

    20 March 2019
    Exploration & Production

    IT services company Tata Consultancy Services (TCS) has been selected by offshore driller Seadrill to transform and maintain its global digital infrastructure.

  • PTTEP books Energy Drilling’s rig for offshore campaign

    4 July 2025
    Business Developments & Projects, Project & Tenders

    Singapore’s tender-assisted drilling provider Energy Drilling, a wholly owned subsidiary of SED Energy Holdings, has signed a five-year contract with Thailand’s national oil and gas company PTT Exploration and Production Public Company Limited (PTTEP) for an offshore drilling campaign.

  • Seadrill laying off 162 Gulf of Mexico workers

    16 March 2021
    Business & Finance, Business Developments & Projects, Human Capital, Vessels

    Offshore drilling contractor Seadrill is laying off 162 offshore workers in the U.S. Gulf of Mexico as one of its drillships will be out of work soon.

  • Seadrill Partners reveals new name as Equinor hires Vela drillship

    16 July 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    An offshore drilling contractor previously known as Seadrill Partners has secured a contract with Equinor for operations in the U.S. Gulf of Mexico.