1430 results found for 'seadrill'

1430 results found for 'seadrill'
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  • 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 […]

  • 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 […]

  • Seadrill gets support from lenders for reorganisation plan

    11 October 2021
    Business & Finance, Business Developments & Projects

    Offshore drilling contractor Seadrill has seen its reorganisation plan overwhelmingly accepted by all classes of voting creditors and shareholders and is on track to exit Chapter 11.

  • Seadrill files Chapter 11 for Asia Offshore Drilling

    8 February 2021
    Business & Finance, Business Developments & Projects

    Offshore drilling contractor Seadrill Limited has been forced to file Chapter 11 cases for several of its wholly-owned subsidiaries in Asia.

  • Songa Hands Over Semi-Submersible Rig to Seadrill

    4 January 2013

    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 […]

  • Strong start for Seadrill in 2023 with almost fully employed rig fleet

    23 May 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Seadrill has managed to enhance its operational and financial performance in the first quarter of 2023.

  • Energy Drilling to manage three tender rigs for Seadrill

    5 February 2021
    Business & Finance, Business Developments & Projects, Equipment, Project & Tenders

    Energy Drilling Management has entered into a management agreement with Seadrill Partners to maintain, market and operate three of its tender rigs.

  • Talos books Seadrill rig for deepwater Tornado well

    6 May 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Talos Energy has hired a drillship from Seadrill to drill an infill well on the Tornado field located in the U.S. Gulf of Mexico.

  • Sapura’s JV with Seadrill not impacted by Chapter 11 cases

    9 February 2021
    Business & Finance, Business Developments & Projects, Vessels

    Sapura Energy has clarified that its joint venture with Seadrill is not impacted by the recent Chapter 11 cases filed by several Seadrill subsidiaries.

  • Seadrill agrees debt payment suspension with creditors

    16 September 2020
    Business & Finance, Business Developments & Projects

    Seadrill has entered into an agreement with some of its lenders for the suspension of debt payments while the company is working on restructuring its debt.

  • NADL, Seadrill Make Progress in Partnership Discussion

    14 October 2013
    Business & Finance

    North Atlantic Drilling Ltd. (NADL) and Seadrill Limited announced on August 15, 2013 that the companies were actively engaged in specific discussions with the potential to bring in a strategic partner as a major owner in NADL. The parties have made solid progress in these discussions but have not yet been able to find a mutually […]

  • Sevan Drilling Rigs Now Run by Seadrill

    17 September 2013
    Business & Finance

    Norwegian drilling contractors Sevan Drilling and Seadrill have executed agreements under which Seadrill will take over the management of Sevan Drilling offshore drilling rigs. Seadrill, which owns a controlling stake in Sevan Drilling, will manage the operation of the company’s Sevan Driller, Sevan Brasil, Sevan Louisiana and, ultimately, Sevan Drilling Rig 4 which is under construction […]

  • Seadrill Names New Senior VP, CAO

    2 December 2013

    The Board of Seadrill has today announced David Sneddon to succeed Robert Hingley-Wilson as Chief Accounting Officer and Senior Vice President of Seadrill Management Limited. Sneddon is joining Seadrill effective December 1, 2013 as Senior Vice President and Chief Accounting Officer. Prior to Seadrill he held several senior positions in Novelis Inc., most recently as […]

  • Seadrill 3Q Net Income Rises to $315M

    25 November 2013

    Seadrill today reported 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 by the disposal […]

  • Early termination for Seadrill’s Ivory Coast deal

    2 August 2019
    Exploration & Production

    Seadrill Partners has received an early termination notice for the West Vencedor rig contract offshore Ivory Coast.

  • Seadrill to Launch Offer for Sevan Drilling Takeover

    27 June 2013
    Business & Finance

    Seadrill Limited issued June 26, a mandatory notification of trade regarding purchase of shares in Sevan Drilling ASA. Following the notification Seadrill has today purchased an additional 116,934,875 shares in Sevan Drilling at a price of NOK 3.95 per share. Following the purchase, Seadrill owns (including shares purchased under forward agreements) 297,893,964 shares in Sevan […]

  • Seadrill Buys Under-Construction Rig in China

    15 November 2013

    Prospector Offshore Drilling today informed that it has entered into an agreement to sell an under-construction jack-up rig to Seadrill. According to a press release issued by Prospector Offshore this morning, Seadrill will pay $55.2 million in cash to Prospector for the JU2000E-design rig, being built in China. The closing of the transaction will be […]

  • Seadrill reaches safety milestone offshore Congo

    7 June 2016
    Exploration & Production, Project & Tenders

    Seadrill, an offshore deepwater drilling contractor, has reached a safety milestone offshore Congo. Seadrill stated via social media on Monday that its jack-up rig the West Ariel has marked its eighth straight year without lost time injury (LTI). The KFELS ‘B’ class, independent jack-up rig, was built in Singapore in 2008 by Keppel FELS Shipyard. […]

  • Seadrill Gets Contract Extension for ‘West Leo’

    17 January 2013
    Business & Finance

    Tullow plc has exercised its contractual option to extend the contract for the ultra-deepwater semi-submersible rig West Leo by two years from May 2016 to May 2018. The West Leo is expected to carry out operations in West Africa until the end of its contract in May 2018. The potential contract revenue for the extension […]

  • Seadrill Delays Newbuilds amid Challenging Market

    27 August 2015
    Business & Finance

    Offshore drilling company Seadrill has delayed deliveries of two drillships currently under construction for two years amid volatile market conditions that pushed the company’s profit by 37% in the second quarter of 2015. The drillships in question are the West Draco and West Dorado whose deliveries have been pushed back from the third and fourth […]

  • Keppel wins fourth rig from SeaDrill

    23 March 2006

    Keppel FELS Ltd (Keppel FELS) has secured a US$132 million contract from a wholly-owned special purpose company of SeaDrill Limited (SeaDrill) for a KFELS B class jackup rig.

  • SeaDrill Sells Ocean Rig ASA Position

    6 January 2006

    The Board of SeaDrill has today January 6, accepted an offer to sell the Company’s position in Ocean Rig ASA. Totally, 21,414,028 shares were sold at NOK 89 per share. In addition, the Ocean Rig ASA 04/07 Convertible Bond, nominal value NOK 10,500,000

  • Seadrill laid off more than 1700 workers in 2016

    28 February 2017

    Offshore driller Seadrill Limited laid off 1.724 workers in 2016 in a cost cutting move, as offshore drillers have been hurt by low activity levels caused by depressed oil prices. The company on Thursday said that the headcount had been reduced from 6.995 at year end 2015 to 5.271 at year end 2016. Of the […]

  • Seadrill drillship gets more work in Gulf of Mexico

    8 March 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Seadrill has secured a contract extension for one of its drillships, which will continue to carry out operations in the U.S. Gulf of Mexico.