1430 results found for 'seadrill'

1430 results found for 'seadrill'
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  • Shell hires Seadrill drillship for five wells in Malaysia

    5 July 2018
    Exploration & Production

    Offshore drilling specialist Seadrill Partners has secured a contract with Shell for one of its drillships.

  • Petrobras extends West Tellus drillship contract

    4 November 2019
    Business & Finance, Exploration & Production

    Brazilian oil company Petrobras has extended a contract with Seadrill for the use of a drillship.

  • With Aquadrill acquisition in the bag, Seadrill expands its rig fleet

    4 April 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Offshore drilling contractor Seadrill has completed the acquisition of Aquadrill, formerly known as Seadrill Partners.

  • Morris to resign from Seadrill positions in mid-2019

    11 January 2019
    Business & Finance

    CFO of offshore driller Seadrill Limited and CEO of Seadrill Partners has decided to step down from his positions.

  • Seadrill gets a one-month breather from creditors

    26 July 2017

    Seadrill, a cash-strapped offshore driller, has been given some breathing space in an effort to restructure its reported $14 billion debt. The company, which has been in talks with creditors for months, on Wednesday said it had reached an agreement with its bank group to extend the comprehensive restructuring plan negotiating period until September 12, […]

  • Seadrill posts $1.9 billion net loss on impairments

    24 November 2015
    Exploration & Production

    Offshore drilling contractor Seadrill on Tuesday reported a drop in revenue and net income for the third quarter of 2015.  Revenues fell to $985 million from around $1.29 billion a year ago due to increased idle time and lowered dayrate on several rigs. Seadrill also reported a net loss of $1.9 billion, due to a […]

  • Tullow awaits judgement in Seadrill rig termination case

    29 June 2018
    Exploration & Production

    Oil company Tullow Oil and offshore driller Seadrill are expecting a judgement in an early rig contract termination case in Ghana.

  • Seadrill agrees with lenders to extend loan maturity date

    16 November 2016
    Exploration & Production

    Offshore driller Seadrill Limited has reached a deal with the lenders under the West Eminence loan and the requisite majority of lenders under all of its other bank loans to extend the loan maturity date. According to the company’s statement on Wednesday, the maturity date of the loan related to the West Eminence drilling rig will […]

  • IHC to Build $800 Mln PLSVs for Seadrill, SapuraKencana

    28 June 2013

    After it was yesterday announced that Brazilian oil giant Petrobras had awarded a $2.7 billion contract to charter and operate three Pipe Laying Support Vessels to SNM, the Joint Venture company owned by Seadrill and SapuraKencana, Seadrill today confirmed the deal and revealed the name of the shipbuilder. The three vessels will be constructed in Holland with […]

  • Saudi Aramco Hires Seadrill’s Jack-up Rig

    12 March 2012
    Business & Finance

    Seadrill has signed a contract with Saudi Aramco for employment of the jack-up rig West Callisto offshore Saudi Arabia. The contract duration is a minimum of three years plus an option for a one year extension. The potential revenue for the three year period is approximately US$164 million plus a US$20 million mobilization fee to […]

  • Bermuda: Seadrill to Develop a Leading Harsh Environement Player

    15 February 2011
    Business & Finance

      The Board of Directors of Seadrill Limited (“Seadrill”) have decided to create a new drilling company focusing entirely on harsh environment operations. To achieve that Seadrill will spin off its operations in the North Atlantic Basin into a new subsidiary, the North Atlantic Drilling Limited (“NADL” or the “Company”), by transferring a fleet of […]

  • Seadrill Completes Tender Rigs Sale Agreement with SapuraKencana

    11 February 2013
    Business & Finance

    Seadrill and SapuraKencana have today entered into a conditional sale and purchase agreement in relation to the proposed transaction. SapuraKencana will acquire all the tender rigs in Seadrill’s fleet except for the West Vencedor, T15, and T16. These three rigs are either owned or planned to be owned by Seadrill Partners LLC. Seadrill will in […]

  • Seadrill Orders Four New Ultra-Deepwater Drillships

    15 July 2013
    Business & Finance

    Seadrill Limited has entered into turnkey contracts to build four new ultra-deepwater drillships. Two drillships will be built at the DSME yard and the other two at the Samsung yard, in South Korea. The project value price is estimated to be below US$600 million per unit (including project management, drilling and handling tools, spares, capitalized […]

  • Seadrill Orders Harsh Environment Rig in South Korea

    4 May 2012
    Business & Finance

    Seadrill, one of the world’s largest drilling contractors, has ordered a new harsh environment semi-submersible drilling rig from Hyundai Samho Shipyard in South Korea. The company explained the move by the current strong demand for high specification drilling units and Seadrill’s wish to benefit from such market conditions. The new rig will be a sister […]

  • Seadrill, Husky to Enter $1.2 Bln Rig Contract

    12 November 2012
    Business & Finance

    Seadrill has received a Letter of Award from Husky Oil Operations Limited for a new five-year contract for the newbuild harsh environment semi-submersible rig West Mira for operations in Canada and Greenland. Total estimated revenue potential for the contract, including mobilization and performance bonus is approximately US$1.18 billion for the five firm years. The West […]

  • Seadrill returning to New York Stock Exchange

    12 October 2022
    Business & Finance, Business Developments & Projects, Rules & Regulation

    Offshore drilling contractor Seadrill is returning to the New York Stock Exchange (NYSE) following a couple of years of absence.

  • Worker dies on Seadrill drillship in Gulf of Mexico

    26 January 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Human Capital, Rules & Regulation, Safety, Vessels

    An incident on board a Seadrill-owned drillship working for Kosmos Energy in the U.S. Gulf of Mexico has resulted in the death of one offshore worker.

  • Vantage to manage deepwater floaters for Seadrill Partners

    12 February 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders

    Vantage Drilling has entered into an agreement to manage Seadrill Partners’ drilling rigs following the latter’s filing for Chapter 11 bankruptcy.

  • GE Powers Seadrill’s West Mira Rig

    2 May 2013
    Equipment

    GE’s Power Conversion business (NYSE: GE) has signed a multi-million dollar contract with shipbuilder Hyundai Heavy Industries (HHI) of Ulsan, South Korea. GE will supply electric power, propulsion systems and drilling drives for a new semi-submersible drilling platform HHI is building for Seadrill Ltd., which is expected to work in either the North Sea or […]

  • Seadrill Orders Two Jack-Ups in China

    1 February 2013

    Seadrill has entered into an agreement for the construction of two high specification jack-up drilling rigs with Dalian Shipbuilding Industry Offshore Inc. (DSIC Offshore) in China. The new units are scheduled for delivery during the first and second quarter 2015, and the estimated total project price is approximately US$230 million (including project management, capitalized interest, […]

  • Seadrill Now Holds 39,9% of Archer Shares

    11 February 2013
    Equipment

    Seadrill Limited, one of the world’s largest offshore drilling contractors, has today been allocated 82,003,000 shares in the private placement of Archer Limited, a global oilfield service company that specializes in drilling services and well services The drilling contractor bought the shares at price US$1.20 per share. Seadrill also said it would receive 2,811,793 shares […]

  • Seadrill Buys Additional Shares in Sevan Drilling

    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 and Chevron Pen West Tellus Contract

    21 July 2013

    Seadrill Limited (Seadrill) 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 […]

  • Seadrill Expands its Product Range in Brazil

    14 December 2011
    Business & Finance, Project & Tenders

    Seadrill Limited, or Seadrill, is contemplating expanding its product range with an ambition to offer a wider range of oilfield services in Brazil. It is the intention that such expansion could include a joint investment with SapuraCrest Petroleum Bhd, or SapuraCrest, which recently, through a wholly owned subsidiary, entered into agreements with Petrobras for five-year […]

  • Seadrill Partners slashes quarterly cash distributions

    18 December 2015
    Business & Finance, Exploration & Production

    Offshore driller Seadrill Partners LLC has decided to reduce the quarterly distributions to its shareholders. The company cited the depressed drilling market as the reason for the move. According to Seadrill Partners, the company will reduce the quarterly distribution to $0.25 per unit to its common unitholders, down from the current quarterly level of $0.5675. […]