1433 results found for 'seadrill'

1433 results found for 'seadrill'
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  • ExxonMobil terminates Seadrill’s drillship contract

    16 May 2016

    U.S. oil company ExxonMobil has terminated a drillship contract it had with Seadrill Partners, a subsidiary of the offshore driller Seadrill. The drilling company on Friday said it had received a notice of termination for the West Capella drillship. According to Seadrill’s fleet status report, the rig’s contract with ExxonMobil in Nigeria was to expire […]

  • Seadrill: Drillers facing grim outlook

    28 May 2015
    Exploration & Production

    Seadrill, one of the world’s largest drilling contractors, today said that the drillers’ market outlook remains bleak for the remainder of 2015, possibly extending throughout 2016 as well. “Despite the recovery in the oil price during the first quarter, oil companies are continuing to take a cautious approach to capital expenditure and other cost commitments […]

  • Seadrill Appoints New CEO (UK)

    19 July 2013
    Business & Finance

    The Board of Seadrill has today announced that Per Wullf will succeed Fredrik Halvorsen as Chief Executive Officer of Seadrill Management Limited. Halvorsen has decided to leave Seadrill to join Ubon Partners, a technology venture. Wullf has worked for Seadrill since February 2009 as Executive Vice President and Chief Operating Officer. Prior to Seadrill, he […]

  • Seadrill settles ‘West Mira’ dispute

    13 March 2017
    Exploration & Production

    Offshore driller Seadrill has reached a settlement agreement with Hyundai Samho Heavy Industries Co Ltd. (HSHI) in relation to the West Mira rig arbitration. To remind, Seadrill in September 2015 terminated a contract with Hyundai for the construction of the West Mira, a sixth generation ultra-deepwater harsh environment semi-submersible drilling rig, due to delay in the […]

  • Seadrill Partners closes loan deal

    27 June 2014
    Business & Finance

    Seadrill Partners LLC announced today that it has closed the proposed US$1.1 billion add-on senior secured term loan B announced on June 5. The add-on term loan was upsized from US$1 billion and priced at the existing rate of Libor plus 3%. The loan will be borrowed by two of the Company’s subsidiaries, as borrowers, […]

  • Report: Seadrill lands drillship work with Petronas

    27 June 2017
    Business & Finance, Exploration & Production

    Drilling contractor Seadrill has reportedly been awarded a contract with Malaysian oil giant Petronas for the West Capella ultra-deepwater drillship. According to data from VesselsValue, Petronas hired Seadrill’s drillship for a three-month contract starting October 1 until December 31, 2017. No details are available regarding the rig’s dayrate. Offshore Energy Today has reached out to […]

  • Seadrill attains court approval for its plan of reorganization

    27 October 2021
    Authorities & Government, Business & Finance, Business Developments & Projects

    Seadrill has received a confirmation for its reorganisation plan from the U.S. Bankruptcy Court for the Southern District of Texas.

  • Seadrill drillship starts work off Brazil

    21 February 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Seadrill has confirmed that one of its drillships kicked off its assignment at a field offshore Brazil with the country’s oil and gas giant, Petrobras.

  • Seadrill to offload stake in Bermuda-based firm

    21 October 2022
    Business & Finance, Business Developments & Projects

    Seadrill has decided to sell its interests in Paratus Energy Services Limited to three existing shareholders of the Bermuda-based company.

  • Seadrill bags drilling deal with Exxon in Canada

    18 September 2018
    Exploration & Production

    Oil company ExxonMobil has chartered Seadrill Partners’ semi-submersible drilling rig for an offshore well in Canada.

  • Kosmos charters Seadrill’s West Capricorn rig

    17 June 2019
    Exploration & Production

    Kosmos has hired a Seadrill semi-submersible drilling rig for operations in the U.S. Gulf of Mexico

  • Seadrill Partners Appoints New Board Member

    30 April 2013
    Business & Finance

    Seadrill Partners LLC, a limited liability company recently formed by Seadrill Limited to own, operate and acquire offshore drilling rigs, announced yesterday that Tony Curry has been appointed to its board of directors. Curry will also serve on the conflicts committee of Seadrill Partners. Simultaneously, Bert Bekker (Director of Seadrill Partners LLC) will step down from the conflicts […]

  • Seadrill’s West Tellus to Work for Chevron (China)

    21 July 2013
    Business & Finance

    Seadrill Limited has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron’s affiliated global exploration program. The contract commences in China immediately upon shipyard delivery and thereafter relocates to Liberia. The agreement is for a period of 180 days with revenue potential of approximately US$150 […]

  • Seadrill-Petrobras rig deal falls through?

    13 February 2015
    Business & Finance, Exploration & Production

    Seadrill has informed it will remove US$1.1 billion from the backlog reported in its third quarter earnings release on account of contract extensions for two semi-submersible rigs, the West Taurus and West Eminence, signed with Petrobras. “Due to recent developments within Petrobras, the company no longer believes the contracts will be concluded in the timeframe or on the previously […]

  • Norway: Seadrill Reports Another Soild Quarter

    27 May 2011
    Business & Finance

      Seadrill today reports consolidated revenues for the first quarter 2011 of US$1,110 million compared to US$1,169 million for the fourth quarter 2010. Operating profit for the first quarter was US$430 million, down from US$479 million in the fourth quarter 2010, which included US$26 million in gain on sale of the jack-up rig West Larissa. […]

  • Songa Finalizes Handover of ‘Songa Eclipse’ to Seadrill

    4 January 2013
    Business & Finance

    Songa Offshore SE yesterday finalised the formal handover of Songa Eclipse to Seadrill in line with the Memorandum of Agreement from November 2012. As previously reported, Songa’s net proceeds from the sale is USD 590 million. After repayment of debt, the net cash effect from the sale proceeds will be approximately USD 285 million. “With […]

  • Prospector Offshore Enters Into Sales Agreement with Seadrill

    15 November 2013
    Business & Finance

    Prospector Offshore Drilling S.A. announced today that its relevant group subsidiaries have entered into an agreement with Seadrill Jack-up Holding Ltd., a subsidiary of Seadrill Limited, for the sale and purchase of 100% of the shares and certain intercompany obligations of Prospector Rig 3 Owning Company S.à r.l., the subsidiary that is party to a […]

  • Sodexo scores more work with Seadrill and Shell

    11 October 2016
    Business & Finance

    Sodexo, a catering and facilities management company, has expanded two facilities management services contracts with offshore drilling contractor Seadrill and oil and gas major Shell. Sodexo said on Monday that Seadrill had been a client since 2008 and in that time Sodexo has expanded operations from Norway, Asia, and Africa to the Americas, Brazil, Gulf […]

  • Three Seadrill rigs joining Singapore player’s fleet

    21 June 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Edrill is expanding its rig fleet thanks to a deal with Seadrill, which will enable it to buy three tender-assist drilling units.

  • Seadrill enters restructuring deal to reduce debt

    13 September 2017
    Business & Finance, Exploration & Production

    Indebted offshore driller Seadrill Limited has entered into a restructuring agreement with the majority of its lenders which will see over $1 billion of new capital injected into the company. The driller informed on Wednesday the agreement was backed by more than 97 percent of its secured bank lenders, approximately 40 percent of its bondholders and […]

  • Seadrill revenue down on rig dayrate reductions

    25 August 2016
    Exploration & Production

    Offshore driller Seadrill reported a drop in income and revenue for the second quarter of 2016. The Oslo-listed company’s revenue fell to $868 million, a drop of around 24 percent when compared to the second quarter of 2015, when the company’s revenue was around $1.15 billion. Revenue was hit by down primarily due to the […]

  • Transocean buys interest in former Seadrill rig

    9 May 2018
    Exploration & Production

    Transocean has bought a 33.3% interest in the West Rigel, a newbuild harsh environment semi-submersible rig built.

  • Director leaves Seadrill to focus on Golar LNG

    19 September 2014
    Business & Finance

    Seadrill Limited, a Norwegian offshore drilling contractor, has announced today that Tor Olav Trøim has decided not to stand for re-election to the Board of Directors in order to focus his efforts on developing Golar LNG. The Board thanked Trøim “for his many years of service and role in developing Seadrill into the world’s leading offshore […]

  • Seadrill buys West Polaris UDW drillship

    30 December 2014

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

  • Seadrill extends NADL loan maturity date

    31 July 2017

    Offshore driller Seadrill has given its subsidiary North Atlantic Drilling Limited some headroom, extending the revolving credit facility provided to NADL, to mature on September 12, 2017. This interim funding arrangement has been put in place while broader restructuring negotiations continue at both companies, Seadrill said. NADL is a subsidiary of Seadrill focused on harsh-environment […]