1442 results found for 'seadrill'

1442 results found for 'seadrill'
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  • 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 […]

  • 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 […]

  • 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 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

  • 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 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. 

  • 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 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.

  • 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.

  • 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.

  • 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.”

  • 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.

  • 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 […]

  • 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 […]

  • 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 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 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 […]

  • 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 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, […]