1460 results found for 'seadrill'

1460 results found for 'seadrill'
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  • 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 […]

  • 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 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 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.

  • 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 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 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 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;

  • 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-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).

  • 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.

  • 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 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.

  • 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 […]

  • 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 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 […]

  • 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 […]