1460 results found for 'seadrill'

1460 results found for 'seadrill'
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  • 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 […]

  • 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 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.

  • Seadrill Working Towards AOD Takeover

    7 November 2012
    Business & Finance

    One of the world’s largest drilling contractors Seadrill Limited has today acquired additional 3,765 shares of Asia Offshore Drilling Limited (AOD). The shares were acquired at a price of NOK 28.70 per share. Following this acquisition, Seadrill will be the owner of 26,376,516 shares in the Company, corresponding to 65.94% of the total number of […]

  • Seadrill loses another rig contract

    23 May 2016
    Exploration & Production

    Offshore drilling contractor Seadrill has received another notice of termination for convenience, this time from the oil company Statoil and related to the contract for the West Hercules semi-sub rig.  Seadrill also recently got a notice of termination for a drillship contract it had with ExxonMobil. The rig’s contract with ExxonMobil in Nigeria was to expire in […]

  • 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 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, […]

  • 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 Appoints New Board Members

    25 April 2013
    Business & Finance

    Seadrill Limited, one of the worlds leading offshore drilling contractors, announced today that Bert Bekker and Paul Leand Jr. have been appointed to its board of directors to fill vacancies that exist on the Board. Bekker has worked in the heavy marine transport industry since 1978, as both a director and executive. Bekker has served […]

  • Seadrill Buys More AOD Shares

    11 April 2013
    Business & Finance

    One of the world’s largest offshore drilling contractors, Seadrill Limited, yesterday acquired additional 14,153 shares of Asia Offshore Drilling Limited (AOD). The shares were acquired at price NOK28.70 per share. Following this acquisition, Seadrill will be the owner of 39,739,547 shares in the Company, corresponding to 66.23% of the total number of outstanding shares in […]

  • Seadrill adds new board member

    13 December 2017
    Business & Finance

    Offshore driller Seadrill Limited has appointed a new director of the company with immediate effect.

  • 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 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-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 […]

  • 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 […]

  • 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 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.