1430 results found for 'seadrill'

1430 results found for 'seadrill'
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  • Report: GDI, Seadrill in West Tucana rig deal

    11 July 2018
    Exploration & Production

    Qatar’s Gulf Drilling International and Norway’s Seadrill have reportedly signed an agreement for the utilization of the jack-up drilling rig “West Tucana.”

  • Seadrill drillship kicks off its gig off Brazil

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

    Seadrill has revealed that one of its drillships embarked on its assignment at a field offshore Brazil with the country’s oil and gas giant Petrobras.

  • Seadrill handed safety order over rig incident

    16 March 2021
    Authorities & Government, Exploration & Production, Regulation & Policy, Rules & Regulation, Safety

    Norway’s safety watchdog has completed its investigation of an incident on the Seadrill-operated West Bollsta rig when a riser joint dropped during lifting.

  • Seadrill to sell seven jack-up rigs for $628 million

    1 September 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy

    Seadrill has entered into a binding share purchase agreement with ADES to sell the legal entities that own and operate seven jack-ups in Saudi Arabia.

  • Odfjell Drilling to replace Seadrill as manager for another rig

    21 February 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders, Rules & Regulation

    Offshore drilling contractor Odfjell Drilling will be taking over the management of a jack-up drilling rig from Seadrill.

  • Seadrill and Sapura targeted in Brazilian bribery probe

    24 September 2020
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy, Rules & Regulation

    Offshore drilling contractor Seadrill and oilfield services provider Sapura Energy are being investigated by the police in relation to the Brazilian Car Wash corruption probe.

  • Director stepping down from Seadrill board

    16 June 2022
    Business & Finance, Business Developments & Projects, Human Capital, Outlook & Strategy

    Seadrill has disclosed that a member of its board of directors has tendered her resignation.

  • Statoil hires Seadrill drillship for drilling in Brazil

    13 July 2017
    Business & Finance, Exploration & Production

    Offshore driller Seadrill has secured a firm contract for one well and one drill stem test with Statoil for the West Saturn drillship in Brazil. According to Statoil’s statement on Thursday, the exploration drilling with the Seadrill rig will be done in the BM-S-8 license in the Santos basin offshore Brazil, which contains parts of the […]

  • Seadrill bags drilling rig gig in Gabon

    17 July 2019
    Business & Finance, Exploration & Production

    The 6th generation drillship was delivered from the Samsung shipyard in 2008.

  • Billionaire Fredriksen steps down as Seadrill Chairman

    21 November 2019
    Business & Finance, Exploration & Production

    “My close involvement and strong support of Seadrill will remain unchanged.”

  • Bermuda: Seadrill Announces Changes to Board Composition

    31 December 2010
    Business & Finance

    Mr. Kjell E Jacobsen has served notice that he would like to retire from the Board of Seadrill Limited effective from December 31, 2010. Mr. Jacobsen started to work for offshore drilling company Smedvig in 1991 and was the Company’s CEO from end of 2001 to 2006. In 2006, Mr. Jacobsen was instrumental in order […]

  • Seadrill Limited Sells T15 Tender Rig

    7 May 2013
    Business & Finance

    Seadrill Limited (“Seadrill) has today entered into an agreement to sell the companies that own and operate the tender rig T15 to Seadrill Partners LLC for a total consideration of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T15. The balance of the acquisition price will be […]

  • Norway: Seadrill Bullish on Outlook for Drilling Services

    14 May 2012
    Business & Finance

    Seadrill, one of the largest drilling contractors in the world reported consolidated revenues for the first quarter of 2012 of US$1,050 million as compared to US$1,059 million in the fourth quarter 2011. The company, that boasts with a versatile fleet of 63 units that comprises drillships, jack-up rigs, semi-submersible rigs and tender rigs reported operating […]

  • Seadrill enters first phase of refinancing plan

    29 April 2016
    Business & Finance

    Deepwater drilling contractor Seadrill has reached an agreement with its banking group to extend its three nearest maturing borrowing facilities and amend certain covenants across its secured credit facilities, as the first phase of a broader plan to refinance and recapitalize the business. According to the company’s press release on Friday, the facility extensions relate to: […]

  • Seadrill Partners Raising Cash for Rig Acquisitions

    4 December 2013
    Business & Finance

    Seadrill Partners LLC  announced today that it priced its offering of 11,200,000 common units representing liability company interests in a public offering at a price of $29.50 per common unit. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,680,000 common units.   In addition, and concurrently with the […]

  • Seadrill pauses rigs orders. Cuts dividend

    26 November 2014
    Exploration & Production

    Seadrill will refrain from ordering new offshore rigs in the near future due to the challenging market conditions for offshore drilling contractors. The company also announced it would put dividend distributions on ice. The company, one of the world’s largest offshore drilling contractors, which currently has 16 offshore drilling rigs under construction, said it would wait […]

  • Seadrill Partners announces common units offering

    19 June 2014

    Seadrill Partners LLC  plans to offer 6,100,000 common units representing limited liability company interests in a public offering. In addition, Seadrill Limited (“Seadrill”) has agreed to purchase directly from Seadrill Partners, in a private placement, at least $100.0 million of common units to close concurrently with the public offering of common units. The Company intends […]

  • Seadrill willing to ‘modify’ current rig contracts

    26 February 2015
    Business & Finance, Exploration & Production

    Offshore drilling contractor Seadrill Limited has today reported a drop in its fourth quarter revenues. The company’s 4Q 2014 revenues were $1.26 billion, compared to $1.46 billion in the corresponding period of 2013. The company’s 4Q net income was $150 million, versus $281 million a year ago. The drilling companies are facing hard times ahead, […]

  • Sevan Drilling Shareholders Snub Seadrill Offer

    23 August 2013

    Seadrill, a drilling contractor owned by John Fredriksen, a Norwegian-born Cypriot oil tanker and shipping tycoon, has failed in an attempt to takeover all the shares in Sevan Drilling company. In a filing to the Oslo Stock Exchange, the drilling contractor announced that it has received acceptances of the offer of NOK 3.95 per share of totalling 47,394 shares, representing approximately […]

  • Bankruptcy court confirms Seadrill’s reorganization plan

    18 April 2018
    Business & Finance

    Seadrill’s plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.

  • Seadrill Sells Two Semi-Submersible Rigs

    3 December 2013
    Business & Finance

    Seadrill Limited announced yesterday that it has entered into an agreement with Seadrill Partners (Seadrill Partners) pursuant to which the Company will sell to Seadrill Operating LP, the Company’s 70% owned subsidiary (Seadrill Operating), all of the ownership interests in the entities that own and operate the semi-submersible drilling rig, the West Leo (Leo Dropdown), […]

  • Seadrill Limited – Operations halt on West Navigator

    28 January 2008

    During a planned disconnection from the well due to deteriorating weather, the drillship West Navigator suffered damages to the BOP (Blow Out Preventor) and the sub sea equipment. As a result, the drilling on West Navigator is temporarily halted. The extent of the damages and the subsequent repair time are uncertain at this point.

  • Seadrill: Offshore drilling market recovering, but at ‘lower pace’

    21 November 2019
    Exploration & Production

    Offshore drilling company Seadrill has painted a cautiously optimistic picture for the offshore drilling market outlook, with the company seeing an opportunity for high-end floaters as well as for jack-up reactivations in 2020.

  • Seadrill shares start trading on OTC Markets following NYSE delisting

    22 June 2020
    Business & Finance, Business Developments & Projects, Regulation & Policy, Rules & Regulation

    Seadrill has transitioned to quotation on OTC Capital Markets following its delisting from the NYSE with Oslo Stock Exchange now being its primary listing.

  • Seadrill parting with three jack-up rigs for $338 million

    16 May 2024
    Business & Finance, Business Developments & Projects

    Seadrill is in the process of disbanding Gulfdrill LLC, thanks to a deal to sell three jack-up rigs, which are working in Qatar, to its joint venture partner.